Author: precious

Elon Musk’s SpaceX has agreed to buy Cursor, the artificial intelligence (AI) coding tool built by Anysphere, in an all-stock deal worth $60 billion. The agreement was confirmed in a securities filing on June 16, just days after SpaceX’s record breaking debut on the Nasdaq pushed the company’s valuation past $2 trillion. Cursor will become a wholly owned subsidiary of SpaceX once the deal closes, which the company expects to happen in the third quarter of 2026. The size of the deal alone makes it the largest acquisition of a venture backed startup on record. A Funding Round That Never…

DeepSeek has closed its first outside funding round, raising more than $7.4 billion in a deal that values the Chinese AI lab at up to $59 billion. The round marks the first time the company has accepted money from anyone outside High-Flyer, the quantitative hedge fund founded by DeepSeek’s own founder, Liang Wenfeng. The round took in roughly 50 billion yuan and places DeepSeek among the largest privately funded technology companies in China. It also ends, at least for now, the lab’s reputation for staying away from outside capital even as rival AI companies chase larger checks. An Unusual Way…

OpenAI confirmed last week it had submitted a confidential draft S-1 to the U.S. Securities and Exchange Commission, targeting a public listing as early as September and a valuation that could exceed $1 trillion. The company was characteristically candid about the announcement, writing in a blog post: “We recently submitted a confidential S-1. We expect it to leak so we’re just announcing it.” The filing comes weeks after a significant legal win. A May 18 jury verdict dismissed all claims in Elon Musk’s lawsuit against the company under California’s statute of limitations, which immediately reduced the legal pressure over the…

Developer Platform GitLab has confirmed it will lay off roughly 350 employees and pull out of operations in 22 countries, a restructuring move the company tied directly to its push into AI agent driven software development. The lay-off represents about 14% of GitLab’s full-time workforce. This news was disclosed alongside the company’s first quarter fiscal 2027 earnings, even as the business reported stronger revenue growth and improved profit guidance. Why GitLab Says This Isn’t a Cost-Cutting Drive CEO Bill Staples has repeatedly framed the plan as something other than a simple savings exercise. He has told investors that agentic workloads,…

Anthropic has disabled two of its newest and most powerful AI models worldwide, just four days after launching them, following an order from the United States government. The company said on Friday that the U.S. government had sent a letter directing it to suspend all access to Claude Fable 5 and Claude Mythos 5 for any foreign national, whether they are inside or outside the United States. The order also covers Anthropic employees who are not U.S. citizens. What The Order Covers Anthropic had already treated this model with caution. When it first introduced Claude Mythos in April 2026, the…

A threat actor on a cybercrime forum is offering what they describe as a database of 340 million records connected to OnlyFans users and creators. Hackread first reported the listing on May 25, 2026, tracing it to a cybercriminal using the alias “Euphoric_Reply_5727.” If that number holds up, the leak would sit among the largest consumer data exposures ever documented, considering that OnlyFans has between 4.5 to 5 million creators and close to 380 million users worldwide. OnlyFans, for its part, says nothing happened. A company spokesperson told Cybernews, “According to the available information, these reports are false.” What the…

Alphabet sold $84.75 billion in new stock last week, growing from an original target of $80 billion after investor demand pushed the offer higher. This sale marked the first time Google’s parent company has issued new shares since 2005. The company says the money has a single purpose, which is funding the computing power its artificial intelligence (AI) systems need. However, the timing of this sale has nothing to do with how Google Search is performing. What the Raise Is Made Of The $84.75 billion came together in three parts. Underwritten public offerings brought in $30 billion, split between common…

Anthropic has made its most powerful AI model publicly available, just two months after describing a version of that same model as too dangerous for general use. On June 9, 2026, the company released Claude Fable 5, the first model from its Mythos line to the public. It runs on the same underlying system as Claude Mythos, which Anthropic introduced in April and restricted to a small group of vetted cybersecurity partners. From Restricted Access to a Public Release When Anthropic first announced Mythos in April, it framed the model as a turning point. The company said Mythos could autonomously…

Two years after promising a smarter Siri and failing to deliver it, Apple showed up at WWDC 2026 with a rebuilt Siri powered by a custom Google Gemini model. The rebuilt Siri runs on a custom Google Gemini model and arrives as a standalone app on iPhone, iPad, and Mac, capable of holding conversations, chaining commands across apps, reading on-screen content, and drawing on personal data like emails, messages, and photos. The keynote was also Tim Cook’s final as Apple CEO before hardware chief John Ternus takes over on September 1. A Three-Tier Architecture Built for Privacy The rebuilt Siri…

Nvidia has unveiled the RTX Spark, a new superchip that brings personal AI agents directly onto Windows laptops and compact desktops, built around 1 petaflop of AI compute and up to 128GB of unified memory. Announced at Nvidia’s GTC keynote during Computex in Taipei, the chip marks the company’s first move into the consumer PC market as a silicon designer, taking on Intel, AMD, Apple, and Qualcomm on their home turf. What Nvidia is promising is that your laptop can now run language models with up to 120 billion parameters and 1 million-token context windows without sending a single query…