News & Updates
The latest news and updates from companies in the WLTH portfolio.
Today Is the Day Anthropic Promised That Fully Autonomous Employees Would Be Tearing Through the Business World
Can't-miss innovations from the bleeding edge of science and tech A year ago today, AI giant Anthropic's Chief Information Security Officer, Jason Clinton, made a bold pronouncement: within the next year, AI-powered employees will begin traipsing around the virtual innards of big companies around the world. Speaking to Axios in 2025, Clinton said these AI entities would have their own "memories," as well as specialized roles within companies, which of course would come with a company ID number and login credentials. "In that world, there are so many problems that we haven't solved yet from a security perspective that we need to solve," the CISO told Axios. Clinton's forecast was obviously meant as a warning to the information security world. But as the last year has shown us, it's also dead wrong, and Clinton is far from the only tech executive to "warn" us about the rise of autonomous AI. Today, agentic AI -- the buzz term for Clinton's AI-powered virtual employees -- is struggling to rise to the challenge, as critical security failures and pointless PR stunts have piled up. One study which surfaced earlier this year argued that AI agents could "never" be reliable or accurate tools. If true, this means their ability to deliver productive returns to the economy as a whole has been and continues to be vastly overstated, or dare we say: overhyped. The CISO's prognostication follows a pattern emerging with Anthropic. In March of last year, Anthropic CEO Dario Amodei predicted that in six months AI would be "writing 90 percent of code." Six months later, it was clear that bold prediction had failed utterly, as studies began to show AI coding tools actually slow software engineers down with their often shoddy output. Given the glowing fiscal incentive these executives have to glaze their AIs' near-term trajectory, it's clear that tech industry elite are not good-faith messengers with valuable insights to share, but desperate PR men scrambling to keep the AI train chugging along as any profits on massive investments remain a distant fantasy.
Anthropic investigating possible breach of its Mythos AI model - AOL
Anthropic is investigating a possible breach of Mythos, a new model the artificial intelligence company rolled out to a small pool of companies earlier this month to help them detect software vulnerabilities. The AI company behind the chatbot Claude is looking into a report of unauthorized access to Mythos from one of its third-party vendor environments, an Anthropic spokesperson told CBS News in an email. Anthropic works with a small number of third-party vendors to develop its AI models. So far, the company has not detected any breaches outside of its vendor environment or any compromises to the Anthropic systems. Anthropic confirmed its investigation into the possible Mythos breach on Wednesday, a day after Bloomberg reported that a small group of unauthorized users had gained access to the tool, citing a person familiar with the matter. Anthropic released Mythos to a limited group in April as part of an effort called Project Glasswing, billing the new model as more effective than competing AI systems at detecting software vulnerabilities. At the time, Anthropic only shared the tool with a small group of major companies, including Amazon, Apple, Cisco, JPMorgan Chase and Nvidia, amid concerns that the new model could be exploited by hackers. The goal was to help these companies harden their defenses before bad actors can gain access to Mythos or similar AI models. Federal officials, security experts and leaders at global institutions like the International Monetary Fund have all raised concerns about what might happen if Mythos falls into the wrong hands. While Project Glasswing is intended to help companies insulate themselves from cybersecurity threats, some experts are concerned that Mythos could also be used to exploit IT infrastructure at banks, hospitals, government systems and other organizations. "We need to prepare ourselves, because we couldn't keep up with the bad guys when it was humans hacking into our networks," Alissa Valentina Knight, CEO of cybersecurity AI company Assail, previously told CBS News." We certainly can't keep up now if they're using AI because it's so much devastatingly faster and more capable.
Core Automation, co-founded by ex-OpenAI VP Jerry Tworek, launches to build "the world's most automated AI lab" with talent from OpenAI, Anthropic, and DeepMind
Rani Molla / Sherwood News: SpaceX to reportedly buy coding startup Cursor for more than $50 billion SpaceXAI and @cursor_ai are now working closely together to create the world's best coding and knowledge work AI. The combination of Cursor's leading product and distribution to expert software engineers with SpaceX's million H100 equivalent Colossus training supercomputer will allow us to build the world's most useful models. Cursor has also given SpaceX the right to acquire Cursor later this year for $60 billion or pay $10 billion for our work together.
SpaceX says it can buy AI coding tool Cursor for $60B later this year
SAN FRANCISCO (AP) -- SpaceX says it has the rights to buy artificial intelligence coding tool Cursor for $60 billion later this year as Elon Musk's space exploration and AI company looks for ways to compete with rivals Anthropic and OpenAI ahead of a planned Wall Street debut. SpaceX said that, alternatively, it could pay $10 billion to "work together" with Cursor. SpaceX announced the deal Tuesday on the social platform X, which along with the AI chatbot Grok is part of a constellation of properties that Musk has merged into his rocket company. Cursor, made by San Francisco startup Anysphere, is a popular AI coding assistant. What SpaceX describes as Cursor's wide "distribution to expert software engineers" is likely part of what makes it attractive to Musk's company, giving it access to a new customer base. Cursor said its new partnership with SpaceX subsidiary xAI will enable it to build future AI products using xAI's massive AI data center complex Colossus, based in Memphis, Tennessee. "We've wanted to push our training efforts much further, but we've been bottlenecked by compute," Cursor said in a statement on X, which didn't mention the possibility of being acquired. "With this partnership, our team will leverage xAI's Colossus infrastructure to dramatically scale up the intelligence of our models." Cursor, which started in 2022, helped sparked a trend called "vibe coding" as AI coding assistants have become increasingly capable of doing the work of computer programming. Cursor competes with other coding tools like Anthropic's Claude Code and OpenAI's Codex but also has relied heavily on partnerships with those larger AI research companies for the foundations of its technology. It was Cursor's Composer, combined with Anthropic's Claude Sonnet, that a prominent AI researcher was playing with for weekend projects when he coined the phrase "vibe coding" in early 2025.
Kirkland, Gibson Dunn Steer $60 Billion SpaceX, Cursor Plan
Kirkland & Ellis lawyers are guiding artificial intelligence company Cursor in a potential deal to be acquired by SpaceX for $60 billion later this year. Gibson Dunn is steering SpaceX through the transaction. The deal was announced in a post on X, saying the companies are working together to "create the world's best coding and knowledge work AI." If SpaceX does not purchase the AI startup, it will pay a $10 billion fee. Gibson Dunn's team is led by M&A co-chairs George Sampas and Robert Little, according to a firm statement. Kirkland's team includes M&A partners Sarkis Jebejian, Keri Schick Norton and Steven Choi, according to a person familiar with the matter who requested anonymity to discuss deal arrangements. Sampas and Little previously guided SpaceX in its combination with xAI, which received legal advice from Sullivan & Cromwell. The transaction valued the company at $1.25 trillion. SpaceX is still expected to go public in an IPO targeting a $2 trillion valuation later this year. Cursor's AI assistant, which was launched in 2023, helps programmers efficiently write and debug code. SpaceX could provide it with the data center capacity it needs to keep up with its computing needs. Cursor's investors include Nvidia Corp., Google, OpenAI's venture fund and Andreessen Horowitz.
Rush hour travel chaos on major UK motorway with car on fire and 'long delays'
M25 drivers are facing travel chaos during the busy rush hour period following a vehicle fire. All traffic has been held and there are severe delays on the anticlockwise stretch of the motorway from J9 A243 (Leatherhead) to J8 A217 Brighton Road (Reigate). Lanes one and two (of four) have been closed. Motorway camera footage shows traffic building and vehicles at a complete standstill. Traffic service Inrix wrote: "Two lanes closed and queueing traffic due to vehicle fire on M25 anticlockwise from J9 A243 (Leatherhead) to J8 A217 Brighton Road (Reigate). Lanes one and two (of four) are closed." It later added: "All traffic being temporarily held and long delays due to car fire."
Outsiders breached Anthropic's Claude Mythos same day 'potentially dangerous' AI model was revealed: report
A handful of users managed to gain unauthorized access to Anthropic's Claude Mythos - the model the company claims to be so dangerous that it would cause a wave of devastating cyberattacks if made available to the public. The breach occurred on April 8 - the same day that Anthropic and its CEO Dario Amodei revealed that Mythos was only available to about 40 handpicked corporate clients as part of "Project Glasswing." Anthropic said Mythos had found major cybersecurity flaws in "every major operating system and web browser" during internal testing. The unauthorized users belong to a private online forum dedicated to cracking unreleased AI models on Discord, a popular messaging app. Since gaining access, they have been using Mythos "regularly" but not for cybersecurity purposes, according to Bloomberg, which obtained screenshots and was shown a live demonstration of the users accessing the model. The sleuths broke into Mythos through a variety of tactics, including by guessing the model's online address based on the naming conventions Anthropic has used in previous model releases, the report said. One of the unauthorized users reportedly had some level of access to Anthropic's systems due to working as a third-party contractor for the firm. "We're investigating a report claiming unauthorized access to Claude Mythos Preview through one of our third-party vendor environments," an Anthropic spokesperson said in a statement. The company added that it has no evidence the group's unauthorized access had expanded beyond the third-party vendor's environment or impacted any of its other systems. One person in the Discord group - members of which were not named - told Bloomberg that they want to test new models rather than use them to cause chaos. Still, the incident raises concerns about the extent of Anthropic's ability to maintain oversight of a tool that they claim could be used to wreak havoc on critical infrastructure like electric grids, power plants and hospitals if it fell into the wrong hands. Earlier this month, AI safety researcher Roman Yampolskiy told The Post that some "leakage" of the model was inevitable despite Anthropic's attempts to restrict access. Anthropic said it shared Mythos with corporate partners -- including Amazon, Google, Apple, Nvidia, CrowdStrike and JPMorgan Chase -- so they could plug their own cybersecurity vulnerabilities. Prior to the rollout, Mythos broke out of a secure "sandbox" meant to restrict internet access - with a researcher only finding out "by receiving an unexpected email from the model while eating a sandwich in a park." Anthropic described the much-publicized incident as "demonstrating a potentially dangerous capability for circumventing our safeguards." Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell recently held a closed-door meeting in which they urged top bank officials to ensure their systems were ready for the risks purportedly posed by Mythos.
SpaceX says it can buy AI coding tool Cursor for $60 billion later this year
SAN FRANCISCO (AP) -- SpaceX says it has the rights to buy artificial intelligence coding tool Cursor for $60 billion later this year as Elon Musk's space exploration and AI company looks for ways to compete with rivals Anthropic and OpenAI ahead of a planned Wall Street debut. SpaceX said that, alternatively, it could pay $10 billion to "work together" with Cursor. SpaceX announced the deal Tuesday on the social platform X, which along with the AI chatbot Grok is part of a constellation of properties that Musk has merged into his rocket company. Cursor, made by San Francisco startup Anysphere, is a popular AI coding assistant. What SpaceX describes as Cursor's wide "distribution to expert software engineers" is likely part of what makes it attractive to Musk's company, giving it access to a new customer base. Cursor said its new partnership with SpaceX subsidiary xAI will enable it to build future AI products using xAI's massive AI data center complex Colossus, based in Memphis, Tennessee. "We've wanted to push our training efforts much further, but we've been bottlenecked by compute," Cursor said in a statement on X, which didn't mention the possibility of being acquired. "With this partnership, our team will leverage xAI's Colossus infrastructure to dramatically scale up the intelligence of our models." Cursor, which started in 2022, helped sparked a trend called "vibe coding" as AI coding assistants have become increasingly capable of doing the work of computer programming. Cursor competes with other coding tools like Anthropic's Claude Code and OpenAI's Codex but also has relied heavily on partnerships with those larger AI research companies for the foundations of its technology. It was Cursor's Composer, combined with Anthropic's Claude Sonnet, that a prominent AI researcher was playing with for weekend projects when he coined the phrase "vibe coding" in early 2025.
Google releases new AI agents to challenge OpenAI and Anthropic
Alphabet Inc.'s Google unveiled a slew of tools to build AI agents aimed at helping companies automate tasks in the tech giant's latest attempt to take on OpenAI and Anthropic PBC in the burgeoning market. At an annual conference in Las Vegas, Google's cloud computing unit on Wednesday showcased a set of tools that can create AI agents and track their work within companies, including a dedicated inbox for the virtual bots to post information and progress reports. Google also introduced updates across its Workspace productivity suite and offered up a vision in which AI agents dramatically overhaul the day to day routines of the average worker. The company's researchers invented much of the technology that touched off the current AI boom, but now Google is in a tight race with leading AI agent makers to win business from corporate customers clamoring for the technology to boost productivity. With the company pouring as much as $185 billion into capital expenditure this year alone, investors are hoping that it can drum up enough new business to justify the steep investment in AI. The search giant is hoping that its combination of chips, AI models and developer tools will give it an edge. It's poised to announce a new generation of custom-designed chips, including one dedicated to inference, or running AI models after they've been trained. With this push, Google will further challenge market leader Nvidia Corp. in a fast-growing category for semiconductors that's fueled by surging adoption of AI software. "This isn't about offering individual services that can be cobbled together; it is about providing a comprehensive backbone for innovation," Google Cloud CEO Thomas Kurian said in a blog post. A particular focus for Google is AI coding, a market where company leaders are growing increasingly worried that they have fallen behind. Many engineers in Silicon Valley toggle between Anthropic's Claude Code and OpenAI's Codex to see which program will give them the best results, but Google often isn't in the conversation, startup founders told Bloomberg News. In a bid to court developers, Google said its Gemini Enterprise Agent Platform would include new features such as Memory Bank and Memory Profile to help agents to remember past interactions with users, a weakness of some early AI tools. Another new feature, Agent Simulation, will help developers more thoroughly test how the tools work before launch. Anthropic has begun to turn its attention to workers in other sectors with its Cowork product, and Google is chasing that business too. Google said workers could use its Gemini Enterprise app, which it framed as the "front door for AI for every employee," to create agents without writing a line of code. The company also announced Projects, a collaboration platform designed for workers to collaborate with their colleagues as well as agents. Google said the tool brings together information from sources such as Workspace, Microsoft Corp.'s OneDrive and company chats to help agents operate with the proper context. Other offerings by the company are intended to help clients make sure that agents can operate in fields with compliance issues. Google also unveiled new cybersecurity agents that it said clients could use to protect their systems. AI models are identifying a torrent of bugs, but questions are mounting about how they could be exploited without proper safeguards.
Google releases new AI agents to challenge OpenAI and Anthropic
Alphabet Inc.'s Google unveiled a slew of tools to build AI agents aimed at helping companies automate tasks in the tech giant's latest attempt to take on OpenAI and Anthropic PBC in the burgeoning market. At an annual conference in Las Vegas, Google's cloud computing unit on Wednesday showcased a set of tools that can create AI agents and track their work within companies, including a dedicated inbox for the virtual bots to post information and progress reports. Google also introduced updates across its Workspace productivity suite and offered up a vision in which AI agents dramatically overhaul the day to day routines of the average worker. The company's researchers invented much of the technology that touched off the current AI boom, but now Google is in a tight race with leading AI agent makers to win business from corporate customers clamoring for the technology to boost productivity. With the company pouring as much as $185 billion into capital expenditure this year alone, investors are hoping that it can drum up enough new business to justify the steep investment in AI. The search giant is hoping that its combination of chips, AI models and developer tools will give it an edge. It's poised to announce a new generation of custom-designed chips, including one dedicated to inference, or running AI models after they've been trained. With this push, Google will further challenge market leader Nvidia Corp. in a fast-growing category for semiconductors that's fueled by surging adoption of AI software. "This isn't about offering individual services that can be cobbled together; it is about providing a comprehensive backbone for innovation," Google Cloud CEO Thomas Kurian said in a blog post. A particular focus for Google is AI coding, a market where company leaders are growing increasingly worried that they have fallen behind. Many engineers in Silicon Valley toggle between Anthropic's Claude Code and OpenAI's Codex to see which program will give them the best results, but Google often isn't in the conversation, startup founders told Bloomberg News. In a bid to court developers, Google said its Gemini Enterprise Agent Platform would include new features such as Memory Bank and Memory Profile to help agents to remember past interactions with users, a weakness of some early AI tools. Another new feature, Agent Simulation, will help developers more thoroughly test how the tools work before launch. Anthropic has begun to turn its attention to workers in other sectors with its Cowork product, and Google is chasing that business too. Google said workers could use its Gemini Enterprise app, which it framed as the "front door for AI for every employee," to create agents without writing a line of code. The company also announced Projects, a collaboration platform designed for workers to collaborate with their colleagues as well as agents. Google said the tool brings together information from sources such as Workspace, Microsoft Corp.'s OneDrive and company chats to help agents operate with the proper context. Other offerings by the company are intended to help clients make sure that agents can operate in fields with compliance issues. Google also unveiled new cybersecurity agents that it said clients could use to protect their systems. AI models are identifying a torrent of bugs, but questions are mounting about how they could be exploited without proper safeguards.
Google releases new AI agents to challenge OpenAI and Anthropic
Alphabet Inc.'s Google unveiled a slew of tools to build AI agents aimed at helping companies automate tasks in the tech giant's latest attempt to take on OpenAI and Anthropic PBC in the burgeoning market. At an annual conference in Las Vegas, Google's cloud computing unit on Wednesday showcased a set of tools that can create AI agents and track their work within companies, including a dedicated inbox for the virtual bots to post information and progress reports. Google also introduced updates across its Workspace productivity suite and offered up a vision in which AI agents dramatically overhaul the day to day routines of the average worker. The company's researchers invented much of the technology that touched off the current AI boom, but now Google is in a tight race with leading AI agent makers to win business from corporate customers clamoring for the technology to boost productivity. With the company pouring as much as $185 billion into capital expenditure this year alone, investors are hoping that it can drum up enough new business to justify the steep investment in AI. The search giant is hoping that its combination of chips, AI models and developer tools will give it an edge. It's poised to announce a new generation of custom-designed chips, including one dedicated to inference, or running AI models after they've been trained. With this push, Google will further challenge market leader Nvidia Corp. in a fast-growing category for semiconductors that's fueled by surging adoption of AI software. "This isn't about offering individual services that can be cobbled together; it is about providing a comprehensive backbone for innovation," Google Cloud CEO Thomas Kurian said in a blog post. A particular focus for Google is AI coding, a market where company leaders are growing increasingly worried that they have fallen behind. Many engineers in Silicon Valley toggle between Anthropic's Claude Code and OpenAI's Codex to see which program will give them the best results, but Google often isn't in the conversation, startup founders told Bloomberg News. In a bid to court developers, Google said its Gemini Enterprise Agent Platform would include new features such as Memory Bank and Memory Profile to help agents to remember past interactions with users, a weakness of some early AI tools. Another new feature, Agent Simulation, will help developers more thoroughly test how the tools work before launch. Anthropic has begun to turn its attention to workers in other sectors with its Cowork product, and Google is chasing that business too. Google said workers could use its Gemini Enterprise app, which it framed as the "front door for AI for every employee," to create agents without writing a line of code. The company also announced Projects, a collaboration platform designed for workers to collaborate with their colleagues as well as agents. Google said the tool brings together information from sources such as Workspace, Microsoft Corp.'s OneDrive and company chats to help agents operate with the proper context. Other offerings by the company are intended to help clients make sure that agents can operate in fields with compliance issues. Google also unveiled new cybersecurity agents that it said clients could use to protect their systems. AI models are identifying a torrent of bugs, but questions are mounting about how they could be exploited without proper safeguards.
SpaceX doubles down on AI with its potential $60 billion Cursor buy
SpaceX still has deep roots in the rocket business, but the Elon Musk-owned company is doubling down on artificial intelligence as it prepares for an IPO. In a social media post Monday afternoon, SpaceX announced it had started a working relationship with AI coding startup Cursor, which includes an option to buy the company for $60 billion. (Should SpaceX decide against buying Cursor, it will pay $10 billion for its work.) "The combination of Cursor's leading product and distribution to expert software engineers with SpaceX's million H100 equivalent Colossus training supercomputer will allow us to build the world's most useful models," the company said in the post. The announcement comes just over two months after SpaceX acquired Musk's xAI, which runs the Grok chatbot. It also comes as the rocket company prepares for what is expected to be a record-setting IPO later this year, potentially bringing in billions of dollars.
No fuel: Chaos at Portelli petrol station
Chaos appeared to ensue at the opening of a petrol station in Melbourne backed by real estate celebrity Adrian Portelli. Hundreds of people turned up on Wednesday night to see Portelli and muscle cars. The only catch? There was no actual fuel. Meanwhile an e-bike rider was reportedly struck by a car and police had to tow vehicles from the scene. Portelli has promised petrol on Thursday at $1 a litre from the station in Preston, in Melbourne's north. But that deal will only be available to members of his controversial LMCT+ subscription scheme which starts at around $20 a month and goes up to as much as $100. "I support those who support me," the infamous buyer of houses on The Block said of limiting the discount. Last month, the company that runs LMCT+ was fined $40,000 in South Australia after being found guilty on 10 counts of conducting an illegal lottery. It did not hold licences to operate the draws. The company says it is compliant in other states. Portelli, who has become a billionaire through property and gambling ventures, was found not guilty of nine counts of assisting in the conduct of those lotteries. On Wednesday night in Preston, people gathered under the canopy of the servo to get selfies with Portelli as well as women in jump suits posing with sports cars. With no petrol on offer, people queued for food from the shop. One person in attendance was given a cash giveaway. TheDaily Maildescribed chaotic scenes outside as people swarmed the area, muscle cars descended and an electric bike rider collided with a car. The rider reportedly got up and fled the area with the police in pursuit. A car was later towed from the scene while one driver loitering by a green light had to be chased away by security. Petrol pump prices In December, LMCT+ said of its fuel outlets "The big players in the petrol game didn't want to give you guys discounted fuel, so Adrian's gone out and bought his own to give members a whopping fuel discount". Portelli told the Mail on Wednesday he wanted to "relieve" prices for motorists and he would look at "taking a hit" to do that. But with supplies restricted by the US and Israel's war with Iran, it's unclear how even someone with the Instagram reach of the so-called "Lambo guy" will achieve significantly lower prices. With fuel costs rising, he conceded petrol at his station would have to go up from the one day discount. "This is just something to say thank you. "But, obviously (we will) have to at some point increase our prices". The Preston site is a former Shell garage. LMCT+ has said it has ambitious plans to open more the 50 petrol station across Australia with the model that the cheapest fuel will only go to those who subscribe to Portelli's program. TheHerald Sun reported that the opening of an LMCT+ station in Truganina, west of Melbourne, had to be shut down by police last month after a $100,000 fuel giveaway led to traffic snarl ups. Portelli insisted he had traffic control measures in place at Preston and had spoken to local police to try and prevent a repeat of the mayhem. "The last thing we want is to open this and it gets shut down," he told the paper. But asked if he would pay for the extra policing costs associated with the servo's opening, he refused. "I have paid over $100m in tax - they can f**king pay for it." Originally published as No fuel: Chaos at Portelli petrol station
SpaceX Warns Investors Elon Musk's Space-Based AI Data Centers May Not Pay Off - Decrypt
The filing also warns that Starship delays could slow the company's growth. SpaceX is warning investors that one of Elon Musk's most ambitious artificial intelligence bets -- putting data centers in orbit -- may never become a viable business. According to a report by Reuters, in a newly disclosed section of its pre-IPO S-1 filing, SpaceX says its plans for orbital AI compute -- along with broader efforts to industrialize space, the moon, and Mars -- remain in early stages, involve significant technical complexity, and may not achieve commercial viability. "Our initiatives to develop orbital AI compute and in-orbit, lunar, and interplanetary industrialization are in early stages, involve significant technical complexity and unproven technologies, and may not achieve commercial viability," the filing says. The disclosure comes as SpaceX prepares for what could be the largest IPO in history. The company is reportedly targeting a valuation of about $1.75 trillion and seeking to raise $75 billion in the coming months. In January, in a conversation with BlackRock CEO Larry Fink at the World Economic Forum in Davos, Musk called building AI data centers in space "a no-brainer" and said orbit could become "the lowest-cost place to put AI" within two to three years. In February, after announcing a merger between SpaceX and Musk's AI company xAI, Musk said in a post on the SpaceX website, "space-based AI is obviously the only way to scale." "Global electricity demand for AI simply cannot be met with terrestrial solutions, even in the near term, without imposing hardship on communities and the environment," Musk wrote at the time. "In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun's energy would require over a million times more energy than our civilization currently uses." While the concept appears straightforward, satellites equipped with AI chips could draw near-constant solar power in space while avoiding some of the land, energy, and cooling constraints facing Earth-based data centers. But turning that vision into reality is another matter. Space-based systems could offer continuous solar energy and the ability to radiate heat into space. However, the economics remain uncertain with launch costs, maintenance, radiation exposure, and space debris needing to be factored in. SpaceX acknowledged those risks in the filing, warning that orbital AI data centers would operate in "the harsh and unpredictable environment of space," where systems could malfunction or fail. While the realities of space development offer major hurdles, SpaceX may still be better positioned than its rivals to pursue the idea, having already launched the Starlink satellite internet network into orbit, and developing Starship, the fully reusable rocket Musk says is essential to cutting launch costs enough to make large-scale orbital infrastructure possible. However, according to SpaceX's filing, Starship itself includes its own risks. The rocket designed to carry much larger payloads than previous SpaceX vehicles has suffered testing failures and delays, and the company said further setbacks could limit its growth strategy.
SpaceX $50B deal for Cursor hands SBF fresh ammo in pardon push - Cryptopolitan
Sam Bankman-Fried previously argued that FTX could have recovered its value if it had not been forced into bankruptcy. Sam Bankman-Fried (SBF) previously argued that FTX could have recovered value if assets were given time to recover, and now he has received fresh proof of that claim in the form of SpaceX's multi-billion-dollar deal with Cursor. A 5% stake in the AI startup Cursor cost $200,000 in 2023, but now, following a new $60 billion deal with SpaceX, the same 5% stake is worth $3 billion. How much did FTX sell its Cursor stake for? In April 2022, Alameda Research, the trading firm founded by Sam Bankman-Fried (SBF), invested $200,000 in Anysphere, the company behind the AI coding tool Cursor. That investment bought them about 5% of the company. Fast forward one year, and FTX had collapsed, and the bankruptcy court was in control of the company. In April 2023, the FTX bankruptcy estate sold that 5% stake for the same amount Alameda had paid a year earlier: $200,000. However, SpaceX announced a major partnership with Cursor today. Under the deal, SpaceX has an option to buy the entire company for $60 billion; if they choose not to, they will pay $10 billion for the partnership. Based on that $60 billion valuation, the 5% stake that FTX sold for $200,000 would now be worth about $3 billion, representing a 15,000x return. Why does this matter for the incarcerated SBF? Sam Bankman-Fried is currently in prison but remains active on social media. He has been fighting for a pardon, arguing that FTX was not truly insolvent and that the bankruptcy lawyers destroyed value by selling assets too quickly. In February 2026, SBF shared a chart suggesting FTX could have reached a net asset value of $78 billion after asset prices recovered if the company had not been forced into bankruptcy. Crypto lawyer John Deaton dismissed those claims at the time, saying projected values do not change the fact that customers lost money, and that the court had already ruled on the case. Now, with the Cursor deal, it is hard to agree that the lawyers maximized value three years ago. SBF's parents have also been active in pushing for a pardon, appearing on CNN earlier this year in March to argue that FTX customers got their money back. Creditors pointed out that the repayments are based on 2022 prices, not current market values. A customer who had one Bitcoin got paid based on Bitcoin's $16,800 price in November 2022. President Trump has said he will not pardon SBF, and prediction markets currently put the chance of a 2026 pardon at only 5%, but SBF seems determined to keep pushing his version of events regardless.
SpaceX says it can buy AI coding tool Cursor for $60 billion later this year
SAN FRANCISCO (AP) -- SpaceX says it has the rights to buy artificial intelligence coding tool Cursor for $60 billion later this year as Elon Musk's space exploration and AI company looks for ways to compete with rivals Anthropic and OpenAI ahead of a planned Wall Street debut. SpaceX said that, alternatively, it could pay $10 billion to "work together" with Cursor. SpaceX announced the deal Tuesday on the social platform X, which along with the AI chatbot Grok is part of a constellation of properties that Musk has merged into his rocket company. Cursor, made by San Francisco startup Anysphere, is a popular AI coding assistant. What SpaceX describes as Cursor's wide "distribution to expert software engineers" is likely part of what makes it attractive to Musk's company, giving it access to a new customer base. Cursor said its new partnership with SpaceX subsidiary xAI will enable it to build future AI products using xAI's massive AI data center complex Colossus, based in Memphis, Tennessee. "We've wanted to push our training efforts much further, but we've been bottlenecked by compute," Cursor said in a statement on X, which didn't mention the possibility of being acquired. "With this partnership, our team will leverage xAI's Colossus infrastructure to dramatically scale up the intelligence of our models." Cursor, which started in 2022, helped sparked a trend called "vibe coding" as AI coding assistants have become increasingly capable of doing the work of computer programming. Cursor competes with other coding tools like Anthropic's Claude Code and OpenAI's Codex but also has relied heavily on partnerships with those larger AI research companies for the foundations of its technology. It was Cursor's Composer, combined with Anthropic's Claude Sonnet, that a prominent AI researcher was playing with for weekend projects when he coined the phrase "vibe coding" in early 2025.
SpaceX's $60 Billion Cursor Acquisition Tops Startup's
SpaceX announced a potential $60 billion acquisition of Cursor on April 22, 2026, marking one of the largest technology deals in history. The deal, currently under negotiation, values the AI-driven software startup 20% above its recent $50 billion fundraising target -- a premium that signals intensifying competition for dominance in AI coding tools. SpaceX Moves to Acquire Cursor as AI Software Becomes Strategic Priority The Verge confirmed that SpaceX, the aerospace company founded by Elon Musk in 2002, has entered negotiations to acquire Cursor, a technology firm specializing in AI-driven software solutions. The announcement came on April 22, 2026, though the transaction remains pending and hasn't been finalized. This represents a significant shift in SpaceX's strategy toward artificial intelligence and software infrastructure -- moving beyond its traditional focus on rocket launches and space exploration. Cursor has become a major player in the AI coding automation space. The startup offers developers intelligent software tools powered by machine learning, addressing a real market need: automating routine coding tasks, speeding up development cycles, and cutting down human error in software engineering. Here's the thing: by acquiring Cursor, SpaceX would get immediate access to advanced AI capabilities. That could transform how the company develops software for its Falcon 9 rockets, Starship vehicles, and Starlink satellite internet constellation. Negotiations are still ongoing, and deal terms remain flexible. Industry sources suggest the $60 billion valuation might include both cash and equity components, though nothing's been officially confirmed. SpaceX's interest in Cursor reflects something we're seeing across the industry: aerospace and defense companies now understand that software and AI innovation matter just as much as hardware engineering when it comes to staying competitive. Why This $60 Billion Bet Matters for SpaceX, Cursor, and the Tech Industry The strategic rationale behind this acquisition goes deeper than just buying technology. SpaceX runs one of the most complex software ecosystems in the world. The company manages autonomous rocket landings, real-time orbital mechanics calculations, and global satellite network coordination -- all at scale. Cursor's AI capabilities could speed up development of next-generation autonomous systems. They'd also help reduce time-to-market for new features and improve software reliability across SpaceX's entire operation. For Cursor, this deal means something different: validation and growth potential. The startup would gain access to SpaceX's resources, engineering talent, and market reach while also getting a financially stable parent company backing them. That matters a lot given how unpredictable venture capital funding has been for AI startups lately. TechCrunch and other industry observers have noticed that mega-cap tech acquisitions are increasingly becoming exit strategies for well-funded AI companies facing uncertain public market conditions. The ripple effects across tech are significant. A $60 billion valuation shows that investors believe AI coding tools are genuinely transformative. But it also makes clear that competition for AI talent and technology is heating up fast. You can expect other aerospace firms, cloud providers, and software giants to start rethinking their own AI acquisition strategies.
SpaceX says it can buy AI coding tool Cursor for $60 billion later this year
SAN FRANCISCO (AP) -- SpaceX says it has the rights to buy artificial intelligence coding tool Cursor for $60 billion later this year as Elon Musk's space exploration and AI company looks for ways to compete with rivals Anthropic and OpenAI ahead of a planned Wall Street debut. SpaceX said that, alternatively, it could pay $10 billion to "work together" with Cursor. SpaceX announced the deal Tuesday on the social platform X, which along with the AI chatbot Grok is part of a constellation of properties that Musk has merged into his rocket company. Cursor, made by San Francisco startup Anysphere, is a popular AI coding assistant. What SpaceX describes as Cursor's wide "distribution to expert software engineers" is likely part of what makes it attractive to Musk's company, giving it access to a new customer base. Cursor said its new partnership with SpaceX subsidiary xAI will enable it to build future AI products using xAI's massive AI data center complex Colossus, based in Memphis, Tennessee. "We've wanted to push our training efforts much further, but we've been bottlenecked by compute," Cursor said in a statement on X, which didn't mention the possibility of being acquired. "With this partnership, our team will leverage xAI's Colossus infrastructure to dramatically scale up the intelligence of our models." Cursor, which started in 2022, helped sparked a trend called "vibe coding" as AI coding assistants have become increasingly capable of doing the work of computer programming. Cursor competes with other coding tools like Anthropic's Claude Code and OpenAI's Codex but also has relied heavily on partnerships with those larger AI research companies for the foundations of its technology. It was Cursor's Composer, combined with Anthropic's Claude Sonnet, that a prominent AI researcher was playing with for weekend projects when he coined the phrase "vibe coding" in early 2025.
Amazon's $100 Billion Anthropic Bet Could Supercharge These 2 Overlooked Chip Stocks
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. The AI arms race isn't just about who builds the smartest chatbot -- it's about who supplies the plumbing. When Anthropic expanded its partnership with Amazon (NASDAQ:AMZN | AMZN Price Prediction) to a reported $100 billion scale, the headlines focused on cloud dominance and model training. But here's the real question investors should be asking: who quietly benefits every time more compute gets turned on? That's where the opportunity lies. Let's look beyond the obvious winners and zero in on two under-the-radar stocks -- Astera Labs (NASDAQ:ALAB) and Credo Technology Group (NASDAQ:CRDO). The AI Ripple Effect Doesn't Stop at the Cloud Amazon's latest commitment to Anthropic builds on prior investments disclosed in Amazon filings and Anthropic announcements, where Amazon pledged billions in cloud credits and infrastructure support through AWS. That's a fancy way of saying: more GPUs, more networking gear, and more data center buildout. Amazon's capital expenditures hit $131.8 billion in 2025, with management explicitly citing AI infrastructure as a major driver. It plans to spend a massive $200 billion this year. With Anthropic scaling toward frontier models, that number likely trends higher going forward. What the numbers tell us is that AI workloads are bandwidth-hungry: * Training large language models requires tens of thousands of GPUs per cluster. * Networking speeds are moving from 100G to 400G to 800G connections. * Data center interconnect demand is projected to grow between 17% to 20% annually through 2028 That surge doesn't just benefit Amazon. It lifts the entire supply chain -- especially the companies making chips that move data faster and more efficiently. Astera Labs (ALAB) Astera Labs sits in a niche most investors overlook -- connectivity solutions that link CPUs, GPUs, and memory inside AI servers. Its products, like PCIe and CXL-based chips, help data move faster between components. In short, it removes bottlenecks. That matters because AI clusters are only as fast as their slowest connection. In 2025, Astera Labs' reported revenue grew 115% year over year to $852.5 million, gross margin came in at 75.6%, and customers include hyperscalers -- widely understood to include Amazon's AWS. Now compare that to peers: Let's translate that. When Anthropic scales workloads on AWS, more GPUs get clustered together. Those clusters require high-speed interconnects -- exactly what Astera sells. Surprisingly, the more powerful AI models become, the more they stress internal data pathways. That plays directly into Astera's strength. Granted, the company is still relatively small and turned consistently profitable in 2025, generating $219 million in net income last year. That introduces volatility. But when all is said and done, its growth rate ties directly to hyperscaler AI spending -- and Amazon has signaled that spending isn't slowing. Credo Technology (CRDO) If Astera manages traffic inside the server, Credo builds the highways between servers. Credo specializes in high-speed connectivity solutions -- particularly optical and electrical connectivity for data centers. Its chips enable faster transmission over longer distances with lower power consumption. Credo's revenue tripled year over year to $407 million in the third quarter with management guiding to it doubling for the full year. Data center revenue accounted for over 90% of total sales, while trailing 12-month gross margin is expanded to 67.8%. Now stack that up against competitors: Here's why that matters. Anthropic's models don't run on a single server -- they run across massive distributed systems. That requires moving data between racks, buildings, and sometimes regions. Credo's chips handle that transmission efficiently. That said, there's a catch. Credo's customer concentration is high -- three of them account for 90% of revenue. If AWS shifts vendors or delays spending, growth could wobble. Regardless, the direction of travel is clear. As Amazon deepens its AI footprint, it needs faster, more efficient networking -- and Credo sits right in that demand stream. Key Takeaway In short, the Anthropic-Amazon partnership isn't just about AI models -- it's about infrastructure scaling at a pace the market is still digesting. Astera Labs benefits from inside-the-server demand -- connecting chips and memory. Credo benefits from between-the-server demand -- moving data across networks. Different roles. Same tailwind. That's the key insight. Investors often chase the headline names -- Amazon, Nvidia (NASDAQ:NVDA), Anthropic. But the real leverage sometimes sits a layer deeper in the stack. That said, these are not risk-free plays. Both companies depend heavily on hyperscaler spending cycles. If AI budgets tighten -- something we've already seen hints of with companies overshooting AI budgets -- growth could slow. In any case, if Amazon follows through on scaling Anthropic to the level implied by a $100 billion partnership, the demand for high-speed connectivity doesn't just rise -- it compounds. And that's exactly where Astera Labs and Credo operate.
No fuel: Chaos at Portelli petrol station
Chaos appeared to ensue at the opening of a petrol station in Melbourne backed by real estate celebrity Adrian Portelli. Hundreds of people turned up on Wednesday night to see Portelli and muscle cars. The only catch? There was no actual fuel. Meanwhile an e-bike rider was reportedly struck by a car and police had to tow vehicles from the scene. Portelli has promised petrol on Thursday at $1 a litre from the station in Preston, in Melbourne's north. But that deal will only be available to members of his controversial LMCT+ subscription scheme which starts at around $20 a month and goes up to as much as $100. "I support those who support me," the infamous buyer of houses on The Block said of limiting the discount. Last month, the company that runs LMCT+ was fined $40,000 in South Australia after being found guilty on 10 counts of conducting an illegal lottery. It did not hold licences to operate the draws. The company says it is compliant in other states. Portelli, who has become a billionaire through property and gambling ventures, was found not guilty of nine counts of assisting in the conduct of those lotteries. On Wednesday night in Preston, people gathered under the canopy of the servo to get selfies with Portelli as well as women in jump suits posing with sports cars. With no petrol on offer, people queued for food from the shop. One person in attendance was given a cash giveaway. TheDaily Maildescribed chaotic scenes outside as people swarmed the area, muscle cars descended and an electric bike rider collided with a car. The rider reportedly got up and fled the area with the police in pursuit. A car was later towed from the scene while one driver loitering by a green light had to be chased away by security. Petrol pump prices In December, LMCT+ said of its fuel outlets "The big players in the petrol game didn't want to give you guys discounted fuel, so Adrian's gone out and bought his own to give members a whopping fuel discount". Portelli told the Mail on Wednesday he wanted to "relieve" prices for motorists and he would look at "taking a hit" to do that. But with supplies restricted by the US and Israel's war with Iran, it's unclear how even someone with the Instagram reach of the so-called "Lambo guy" will achieve significantly lower prices. With fuel costs rising, he conceded petrol at his station would have to go up from the one day discount. "This is just something to say thank you. "But, obviously (we will) have to at some point increase our prices". The Preston site is a former Shell garage. LMCT+ has said it has ambitious plans to open more the 50 petrol station across Australia with the model that the cheapest fuel will only go to those who subscribe to Portelli's program. TheHerald Sun reported that the opening of an LMCT+ station in Truganina, west of Melbourne, had to be shut down by police last month after a $100,000 fuel giveaway led to traffic snarl ups. Portelli insisted he had traffic control measures in place at Preston and had spoken to local police to try and prevent a repeat of the mayhem. "The last thing we want is to open this and it gets shut down," he told the paper. But asked if he would pay for the extra policing costs associated with the servo's opening, he refused. "I have paid over $100m in tax - they can f**king pay for it." Originally published as No fuel: Chaos at Portelli petrol station