SpaceX makes its biggest AI bet yet
SpaceX announced the acquisition of AI coding startup Cursor for $60 billion in stock, just days after its historic IPO valued Elon Musk's company at $1.77 trillion. The deal is among the largest corporate acquisitions of an AI company and signals SpaceX's ambition to embed advanced AI capabilities across its operations. The stock surged in its first trading day, gaining 19% and briefly pushing SpaceX's valuation past that of Amazon.
AI talent reshuffles as Shazeer leaves Google for OpenAI
Noam Shazeer, the co-lead of Google's Gemini AI project, is leaving the search giant to join IPO-bound OpenAI. The move is the latest in a series of high-profile departures from Google's AI division as competition for top talent intensifies. OpenAI is reportedly preparing for its own public offering, which would be one of the most anticipated tech IPOs since SpaceX.
Anthropic model controversy deepens
Anthropic suspended access to its Mythos model after the US government banned foreign nationals from using it over national security concerns. The Trump administration's crackdown forced the AI company to take its model offline. JPMorgan Chase also blocked Anthropic AI access for its Hong Kong staff. Despite the controversy, sales data suggests Anthropic's feud with the administration may actually be boosting its business. Only 16% of Americans think AI will have a positive impact on society, a new study shows.