# The Pulse: Big implications of US banning Anthropic’s new model, Fable > Source: > Published: 2026-06-18 17:11:03+00:00 # The Pulse: Big implications of US banning Anthropic’s new model, Fable ### Also: a follow-up on Meta destroying its own engineering culture, the SpaceX IPO, SpaceX buys Cursor, Cursor’s GitHub competitor, and more. *The Pulse is a series covering events, insights, and trends within Big Tech and startups. Notice an interesting event or trend? Hit reply and share it with me.* Today, we cover: **Meta follow-up.** A follow-up on Tuesday’s deepdive into Meta’s ongoing demolition of its own engineering org. Non-engineering teams lost more than 10% of their staff, while Integrity teams were already stretched before the cuts and reallocation.**Big implications of the US banning Anthropic’s new model, Fable.** The US government wants only US citizens to be able to use Fable. That could make China more influential as other countries and non-US companies look to capable open models – most of which come from China.**SpaceX, Cursor, Continue.** Elon Musk became a trillionaire with SpaceX’s IPO, while SpaceX acquired Cursor, and Cursor acquired Continue. SpaceX looks like it wants to go head-on against Anthropic and OpenAI.**Industry Pulse.** Gemini lead quits for OpenAI, Epic Games’ new open source version control system, Microsoft considers dropping OpenAI for DeepSeek, research confirms LLMs amplify existing expertise, and more. ## 1. Meta follow-up Tuesday’s article [about Meta destroying its engineering culture](https://newsletter.pragmaticengineer.com/p/why-is-meta-destroying-its-engineering) made quite the splash in terms of comments and debate online. From inside Meta, there was positive feedback on the accuracy of the deepdive into the situation, and there were also a few helpful clarifications and new information which I’m happy to publish here: