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The Latest Breaking News from OpenAI

Avoid IT, focus on growth: Samir Arora's playbook for next 12 months

Investor optimism is rising on hopes of a US-Iran agreement, potentially easing energy market concerns and geopolitical uncertainty. Helios Capital founder Samir Arora believes peace in West Asia could remove a key market overhang and help control oil prices, with a focus on broader outcomes over deal specifics.

The Economic Times

US Stock Market: ETF issuers rush to capitalise on AI-focused ‘MANGOS’ theme after SpaceX IPO

Two asset managers are seeking regulatory approval for new ETFs tied to the "MANGOS" acronym, a basket of leading AI-focused companies including Meta, Nvidia, Google, SpaceX, Anthropic, and OpenAI. This move follows SpaceX's record IPO, fueling investor enthusiasm for AI-linked stocks and creating a potential successor to the Magnificent Seven…

The Economic Times

Macron invites Trump to Versailles dinner as G7 summit wraps up

The third and final day of the G7 summit focuses on AI and social media, with CEOs from OpenAI, Anthropic and European rival Mistral meeting leaders for lunch on Wednesday. French President Emmanuel Macron has invited his US counterpart Donald Trump to a private dinner at the lavish Palace of…

France 24

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Inside Cursor's journey to a $60 billion deal with Elon Musk’s SpaceX

SpaceX has acquired AI coding assistant Cursor for $60 billion in an all-stock deal, significantly bolstering its AI ambitions. This move positions SpaceX strongly in the AI coding tools segment, competing with giants like OpenAI and Anthropic. Cursor, cofounded by Indian-origin entrepreneur Aman Sanger, boasts substantial annual revenue and a…

The Economic Times

SpaceX just spent $60 billion on Cursor — and it proves AI chatbots aren't the future anymore

SpaceX's $60 billion acquisition of Cursor signals a major shift in AI — from chatbots that answer questions to agents that can actually complete work.

Tom’s Guide

Top Microsoft VP Calls On People Not To 'Panic' About AI Taking Job Opportunities

Microsoft President and Vice Chair Brad Smith pushed back against what he described as increasingly alarmist predictions about AI-driven job losses.

International Business Times

People are starting to think ChatGPT is too cheap — and that might be a problem for OpenAI

ChatGPT's expanding capabilities and unchanged subscription price have sparked a debate over whether it's a good deal or headed for a cliff

TechRadar

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SpaceX To Acquire AI Coding Startup Anysphere In $60 Billion Deal

SpaceX has agreed to acquire Anysphere, the company behind the coding platform Cursor, in a deal valued at $60 billion.

International Business Times

Anthropic’s Fable fiasco leaves the door open for open-source AI, particularly cheaper models from China

“Frontier intelligence should not … be subject to withdrawal by a handful of rules at any moment,” Z.ai, a Chinese AI developer, wrote on social media.

Fortune

How Hamza Mostafa Went from an Unpaid Internship to OpenAI's First Intern Cohort

Hamza Mostafa's path into frontier artificial intelligence did not begin with a polished resume, a famous research lab, or a direct route into Silicon Valley.

International Business Times

Can Elon Musk's xAI challenge Anthropic after SpaceX's $60 billion Cursor AI acquisition from Anysphere?

SpaceX has agreed to acquire Cursor AI parent Anysphere for $60 billion in an all-stock deal, days after SpaceX's blockbuster Nasdaq debut. The acquisition hands xAI's Grok a foothold in AI coding tools, tapping Cursor's $2 billion annualized revenue and rapid enterprise adoption. Closing is expected in Q3 2026. Now…

The Economic Times

Elon Musk Suffers Second Court Blow In A Month As Judge Throws Out xAI's Lawsuit Against OpenAI

Elon Musk's xAI loses a trade-secrets lawsuit against OpenAI as a federal judge dismisses the case, marking Musk's second legal defeat against OpenAI in a month.

International Business Times UK

Goldman’s S&P 500 Target Looks More Reachable After the Latest Rally

Goldman Sachs raised its S&P 500 year-end target to 8,000, citing EPS growth, broad earnings beats, and IPO activity including SpaceX's June 12 debut at $135 per share.

MarketBeat

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

From Google intern at 18 to a billionaire at 25, Cursor CEO Michael Truell’s rise is one of Silicon Valley’s fastest.

Fortune

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The Guardian - US

Elon Musk’s unprecendented accumulation of wealth

IPO mints Musk as world’s first trillionaire – now SpaceX is public, it will be harder than ever not to have a stake in its future

Euronews

SpaceX buys AI coding startup Cursor for $60bn as AI race with OpenAI and Anthropic intensifies

SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO.

Euronews

Investors look beyond the 'Magnificent 7' as Wall Street embraces the 'FAB 10'

SpaceX's record-breaking market debut has pushed Wall Street to widen its favourite shorthand of the so-called 'Magnificent 7', with strategists folding Elon Musk's firm, OpenAI and Anthropic into a new 'FAB 10' label that captures the next phase of the AI trade.

AAP

SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk's space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week

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The Economic Times

SoftBank launches cybersecurity product based on OpenAI models

The "Patching as a Service" product will be rolled out in Japan through a joint ‌venture established ⁠last ⁠November between SoftBank's domestic telecoms arm, SoftBank Corp, and OpenAI.

International Business Times UK

Satya Nadella Warns Against AI Future Where 'A Few Models Eat Everything They See'

Microsoft CEO Satya Nadella cautions against an AI economy dominated by a few models, warning of industry commoditisation and the loss of unique expertise.

The Independent UK

Japan's tech business SoftBank rolls out OpenAI 'patches' against cyberattacks

Japanese technology giant SoftBank Group Corp. is launching a service using OpenAI technology to protect against the looming threat of cyberattacks

The Economic Times

Microsoft sued by shareholders over expenses, cloud business, AI

About $357 billion of market value was erased, and Microsoft's stock suffered its biggest ⁠one-day decline ‌in nearly six years.

The Economic Times

US judge dismisses Elon Musk's xAI trade secret lawsuit against OpenAI

U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI senior engineer Xuechen Li to divulge confidential information related to its Grok chatbot, or that OpenAI engineers knew Li ‌might have ⁠disclosed any.

TechRadar

'AI will probably most likely lead to the end of the world, but in the meantime, there’ll be great companies' - quote of the day by OpenAI CEO Sam Altman

Sam Altman has purported publicly for years that AI safety is critical

Barchart

Truist Just Upgraded Datadog Stock. Here's Why.

Truist upgrades Datadog stock to “Buy” and raises price target to a whopping $300. Here’s why the investment firm is bullish on DDOG shares.

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