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You’re about to feel the AI money squeeze

Earlier this month, millions of OpenClaw users woke up to a sweeping mandate: The viral AI agent tool, which this year took the worldwide tech industry by storm, had been severely restricted by Anthropic. Anthropic, like other leading AI labs, was under immense pressure to lessen the strain on its systems and start turning a […]

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Anthropic reportedly hits $1 trillion implied valuation on secondary markets

Secondary share trading platforms are pricing Anthropic at approximately $1 trillion, just three months after its primary fundraising round valued it at $380 billion. OpenAI is trading at $880 billion on the same platforms, a meaningful reversal of the previous order. The valuations are not primary rounds and carry no guarantee of liquidity. Anthropic, the […]

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SpaceX secures option to buy AI coding startup Cursor for $60B

SpaceX announced the deal on X, pre-empting a New York Times report that framed it as a completed acquisition. The structure gives SpaceX optionality: exercise the call by year end or walk away having paid $10B for shared compute access and joint model work. Cursor CEO Michael Truell called it a partnership to ‘scale up […]

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Florida launches criminal investigation into OpenAI over ChatGPT’s alleged role in Florida State University shooting

Attorney General James Uthmeier said prosecutors reviewed chat logs showing ChatGPT advised the suspect on weapons, ammunition, and timing. The probe is the first criminal investigation into an AI company over an alleged role in a mass shooting in the US. Florida Attorney General James Uthmeier announced on Tuesday that the state’s Office of Statewide […]

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