SpaceX acquired Anysphere, the parent company of AI coding platform Cursor, in a $60 billion all-stock deal announced June 16, positioning the newly public aerospace giant as a direct competitor to Op…
Yann LeCun, the 'godfather of AI' and founder of AMI Labs, called Elon Musk's xAI a failure and warned of an AI bubble, citing high costs and talent issues. LeCun, who is selling an alternative AI app…
California anticipated a multibillion-dollar tax windfall from IPOs of SpaceX, OpenAI, and Anthropic, but modern compensation structures like single-trigger RSUs, tender offers, and loans-against-shar…
SpaceX agreed to acquire Anysphere, the company behind Cursor, for $60 billion in stock on June 16, days after its Nasdaq IPO, marking the largest acquisition in AI developer tooling history. The deal…
Intel shares surged 8.5% after Donald Trump announced on Truth Social that Intel reached a deal with Apple to manufacture its chips, lifting other AI-related stocks. Oil prices fell slightly as a US-I…
Allianz GI chief executive Tobias Pross warned investors against over-reliance on public AI chatbots like Claude for portfolio management, arguing it leads to identical outcomes akin to passive invest…
Amazon founder Jeff Bezos predicted that AI will create more jobs for humans, not replace them, during an appearance at VivaTech Paris. He argued that the technology will unlock new opportunities and …
Higgsfield, a San Francisco AI video startup, has reached a $500 million revenue run rate, up from $50 million last September, and is cash-flow positive. The company aims to rival AI coding platforms …
Lenovo raised $2bn through zero-coupon convertible bonds due in 2033, priced at a 47.5% conversion premium, to refinance existing debt and fund share buybacks. The Beijing-based computer and AI server…
Investors are speculating about a potential merger between SpaceX and Tesla after SpaceX's $85 billion IPO made it worth over $1 trillion more than Tesla. Analysts and investors argue the combination …
SpaceX will acquire Anysphere, the parent company of AI coding agent Cursor, for $60 billion in stock, giving SpaceX a robust coding agent to compete with rivals like Anthropic and OpenAI. The deal co…
A wave of wealth from IPOs at SpaceX, Anthropic, OpenAI, and Nvidia is creating new millionaires in Silicon Valley, but many tech employees face huge capital gains taxes on concentrated stock position…
SpaceX is acquiring Anysphere, the parent company of AI coding agent Cursor, in an all-stock transaction valued at $60 billion, according to Reuters and Forbes. The deal, expected to close in Q3 2026,…
SpaceX acquired Cursor for $60 billion in an all-stock deal just four days after its IPO, signaling a strategic pivot beyond rockets.…
Cursor and SpaceX have agreed to co-develop coding and knowledge agent models, with SpaceX holding an option to acquire Cursor for $60 billion or pay $10 billion instead. The deal aims to combine Curs…
ProShares filed its fourth MANGOS ETF in three days, with an effective date of August 31, 2026. The MANGOS basket includes Meta, Anthropic, Nvidia, Google/Alphabet, OpenAI, and SpaceX, reflecting Wall…
Jeff Bezos said at the VivaTech conference in Paris that AI will create a labor shortage rather than mass unemployment, arguing the technology will unlock new opportunities and increase demand for bui…
SpaceX stock surged nearly 60% above its IPO price following last week's record-breaking public offering, giving the company a market capitalization of over $2.6 trillion. Despite $18.7 billion in 202…
SpaceX's stock surged nearly 50% since its IPO, making its $60 billion all-stock acquisition of Cursor cheaper in terms of dilution. Bill Ackman highlighted the dynamic as a core part of SpaceX's valu…
CNBC host Jim Cramer said Accenture is being outcompeted by OpenAI and Anthropic, as AI labs move into enterprise consulting. Anthropic's confidential IPO filing intensifies competitive pressure on tr…