SpaceX has agreed to acquire Cursor, an artificial-intelligence coding platform, for $60 billion in stock just days after its blockbuster initial public offering. The company told IPO investors it sees a $26 trillion addressable market in AI. The takeover is designed to bolster Elon Musk's ambitions in artificial intelligence and help close the gap with rivals like Anthropic and OpenAI. Source
SpaceX's valuation has ballooned to $2.6 trillion, briefly surpassing Amazon's market capitalisation, after its shares began trading on Friday. The valuation represents an increase of $1 trillion since the company's shares commenced trading. Source
ChatGPT's market share has slipped below 50 per cent for the first time, though the chatbot remains the world's most popular AI assistant with over 1.1 billion monthly users. Google's Gemini ranks second with 662 million monthly users, while Anthropic's Claude trails with 245 million. Source
The Justice Department has claimed that xAI, Elon Musk's artificial-intelligence company, must be permitted to keep operating unpermitted gas turbines at its Grok data centre on grounds of national, economic, and energy security. The department argued that the Pentagon requires xAI's capabilities to continue functioning. Source
Respond.io, a Malaysian artificial-intelligence messaging startup, has raised $62.5 million and plans to pursue acquisitions in North America and Europe. The company uses AI agents to handle high volumes of customer inquiries and charges customers per conversation rather than per seat. Source