SpaceX to Buy AI Coding Startup Cursor for $60 Billion
The deal came together in weeks, and it moved the way SpaceX does: fast, in-house, and with the company’s own stock as the currency. SpaceX said Tuesday it agreed to…
ChatGPT’s Share of the AI Assistant Market Dips Below 50%
For more than three years, the consumer AI story had a single main character. The numbers published Tuesday suggest the script is changing. ChatGPT’s share of the AI assistant market…
Threads Passes 500 Million Users, Lets Them Tune Its Algorithm
The feature Meta rolled out for Threads this week reads like an answer to a question users have asked since the app’s early days: why am I seeing this? The…
DeepSeek Closes Record $7 Billion Round With Unusual Terms
The announcement had been expected for months; the terms had not. DeepSeek said Tuesday it has completed its first external funding round of more than $7 billion, roughly 50 billion…
SoftBank and OpenAI Take AI Security to Japanese Companies
Masayoshi Son has spent years telling investors that AI will change everything. On Tuesday his company began selling that argument to Japanese corporations, one vulnerability at a time. SoftBank Group,…
The World’s 500 Richest Gained $336 Billion in a Single Day
The number is so large it reads like a typo: $336 billion, added to the combined net worth of the world’s 500 richest people in a single day. It happened…
OpenAI’s $150 Million Bet on Partners Who Sell for It
The announcement, made Tuesday, was modest in form and large in intent. OpenAI said it is launching a partner network with an initial investment of $150 million, offering training, technical…
Kazakhstan Bets $10 Billion on an AI Data Center
The signing ceremony took place in Ekibastuz, a coal-mining city in northeastern Kazakhstan known for one of the world’s largest power plants rather than for cloud computing. The government, the…
Microsoft Weighs a Spin-Off for Xbox as Gaming Revenue Slides
The question inside Microsoft used to be how to fix Xbox. Now it is whether to keep it. The company has considered spinning off its gaming business into a standalone…
Baron Capital Adds $1 Billion to SpaceX Stake as Shares Extend Rally
Ron Baron has spent the better part of a decade telling anyone who would listen that SpaceX would one day be the most valuable company on the planet. On Monday,…
