News & Updates
The latest news and updates from companies in the WLTH portfolio.
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.
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.
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.
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.
Anthropic investigating report of 'unauthorized access' of powerful Mythos model
Anthropic (ANTH.PVT) is investigating a report that unauthorized individuals have gained access to its powerful Claude Mythos Preview AI model, the company said Wednesday. The move comes after Bloomberg reported that a small group of users had accessed Mythos through various methods, including one person's access to Anthropic via a third-party vendor they worked for. Anthropic announced its Mythos Preview model on April 7, describing it as an unreleased general-purpose frontier AI that the company found especially good at identifying software vulnerabilities. It then used those vulnerabilities to develop exploits to break into programs. In some cases, Anthropic claimed that Mythos Preview found vulnerabilities that had gone undetected for decades. The company said the model could also find holes in every major operating system and web browser. The company said it was so concerned about Mythos Preview's ability to crack into software that it was releasing it only to a handful of companies via its Project Glasswing initiative, which will give developers time to use the model to find vulnerabilities in their products before similar AI models inevitably hit the market. If Mythos Preview fell into the hands of outsiders and Anthropic's statements about its capabilities are correct, it could pose a serious threat to companies around the world. Developers are only human, and when they write code, they occasionally make mistakes. Despite their best efforts and strenuous testing, those errors can go overlooked and eventually ship with software released to the public. Hackers spend their time scouring programs and applications for bugs in the hopes of using them to break into a piece of software. But AI moves far faster than humans, enabling hackers to search for vulnerabilities at speeds unheard of just a few years ago. The problem for cybersecurity defenders, in particular, is so-called "zero-day" exploits. These are vulnerabilities that hackers find and exploit, and for which there are no known fixes. Developers have to create patches for those vulnerabilities to kill the exploit that gave the attackers access to the software that's been hacked. Even more unsettling is the fact that cybersecurity defenders are only made aware of zero-day exploits when researchers locate them and inform them of the issues, or when they discover hackers have been using them. And unfortunately, hackers can go undetected, siphoning information from a company or stealing data from users before they're found.
Anthropic investigating possible breach of its Mythos AI model
Mary Cunningham is a reporter for CBS MoneyWatch. She previously worked at "60 Minutes," CBSNews.com and CBS News 24/7 as part of the CBS News Associate Program. 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.
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.
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.
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.
Market chaos gives skilled managers a chance to beat index funds - just like they're supposed to do
The 'set it and forget it' strategy is at risk in volatile markets. Savvy managers can dodge sectors your index fund is forced to own. Uncertainty makes active investment management more valuable. This is an opportune time for individual investors to reallocate part of their holdings to actively managed mutual funds, which may be better equipped to navigate current market conditions and potentially outperform their benchmarks. The U.S. stock market is going through a somewhat unusual period. In addition to the increased volatility driven by the Iran war and policy uncertainty, recent market performance has been marked by a large divergence in returns across different sectors of the economy. Amid these large market shifts, what should individual investors do? Conventional wisdom would probably say do nothing, if you hold a well-diversified portfolio - typically achieved by holding a broad market index fund in some combination with government bonds to achieve the desired level of risk. Further supporting this view, academic research shows that active managers, who construct their own stock portfolios rather than passively tracking an index, tend to generate negative risk-adjusted returns once their management fees are considered. But the current market environment may be one in which active management has a valuable role to play. Uncertainty, divergent sector returns and high index concentration make active investment management more valuable. Institutions and other sophisticated investors often move money between sectors based on macroeconomic signals. Sector rotation follows certain patterns throughout the business cycle. In the later stages of the business cycle, more money is allocated into "defensive" sectors, which tend to be relatively stable regardless of economic conditions. One issue with holding a broad market index is the increasing concentration of the U.S. stock market in a small number of giant companies. Five technology-sector stocks - Nvidia (NVDA), Apple (AAPL), Alphabet (GOOG)( GOOGL), Microsoft (MSFT) and Amazon.com (AMZN) - together represent about 25% of the S&P 500 SPX. Indexes typically weight firms by market capitalization, which makes it difficult to achieve true diversification across companies and industries by simply holding an index fund. To achieve greater diversification, investors may therefore need to hold a portfolio that differs from a benchmark index. Individual stocks have different expected returns. These differences are often explained by how stocks co-move, or correlate, with a set of identifiable risk factors. A variety of such factors have been proposed in the academic literature, but one of the most enduring is the book-to-market factor, which captures the return differential between value stocks with low book-to-market ratios and growth or "glamour" stocks with high book-to-market ratios. Active managers may be able to improve future returns by changing their portfolios' exposure over time. More recent research suggests that returns to these risk factors may be partly predictable based on past data. If so, active managers may be able to improve future returns by changing their portfolios' exposure to these factors over time. In our recent research paper, we examine the performance of active equity-fund managers over close to 20 years and find that some managers consistently earn higher returns by varying their exposure to common risk factors - an ability we call tactical investment skill. Managers who demonstrate this skill can significantly outperform otherwise similar funds, and this outperformance reaches close to 2% per year following quarters in which managers make large changes to their factor exposures. When a handful of companies dominate broad market indexes and returns diverge sharply across sectors, a purely passive approach can leave investors too exposed to a single sector. Active management, by shifting capital allocation across sectors and avoiding excessive concentration in any one sector, may serve investors better than a low-fee index fund. Relatedly, another important role of active management is directing investor capital toward more productive uses - toward firms and sectors of the economy with strong future prospects. In doing so, active managers can increase the overall value of the U.S. stock market, benefiting all investors, including those in index funds, while also helping increase economic growth. Despite the continued academic focus on low risk-adjusted returns and the incentive problems associated with active management, the value of skilled managers during times of high uncertainty should not be overlooked. Anna Scherbina is a nonresident senior fellow at the American Enterprise Institute and the Janet L. Yellen Distinguished Professor of Business at Brandeis University's International Business School. Jens Hilscher is a professor of agricultural and resource economics at University of California, Davis. Ting Bai is a former Ph.D. student at UC Davis. More: The meme-stock frenzy is a warning - these 7 high-quality stocks are better bets Also read: The U.S. stock market is progressing toward a bubble - and here's where the extremes are right now -Anna Scherbina -Jens Hilscher -Ting Bai This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
Purdue announces SpaceX team as inaugural recipients of the Neil Armstrong Space Prize | WBIW
WEST LAFAYETTE - The 2026 Neil Armstrong Space Prize was announced Tuesday (April 21) at Purdue University, heralding the Falcon 9 Booster Landing Team as the inaugural winner of the Neil Armstrong Space Prize for cutting-edge work on the Falcon 9 reusable two-stage rocket system. Click here to view the presentation. The team is the first recipient of the international prize recognizing excellence over the past 10 years in space discovery, innovation, and human achievement. This transformative prize leverages Purdue's unparalleled space heritage, having produced numerous astronauts and pioneering aerospace education and research. The five-member team was nominated for their work in developing the Falcon 9 vertical landing capability, fundamentally changing the launch vehicle landscape. The SpaceX recipients are: The selection of the research team for the honor was announced during an event in the Herman and Heddy Kurz Atrium at Purdue's Neil Armstrong Hall of Engineering. Attendees at the announcement event watched via livestream as the Neil Armstrong Space Prize recipients were surprised by the news of receiving the award. Amit Kshatriya, NASA associate administrator, and other leaders participated in the event. "Purdue alumnus Neil Armstrong took that small step and giant leap on the face of the moon in 1969," Purdue President Mung Chiang said. "Now as the dawn of space economy and the new frontier of human space exploration inspire us all, the Neil Armstrong Space Prize will recognize the most impactful steps and leaps each year." The inaugural Neil Armstrong Space Prize will be formally awarded in September during a ceremony in Washington, D.C., aligning with the America250 celebration and connecting Purdue's space leadership with this historic national milestone. The eponymous award honors aerospace pioneer and Purdue graduate Neil Armstrong (BS aeronautical engineering '55, honorary doctorate '70), who led the team of three American astronauts who were the first to land on the moon on July 20, 1969. Dan Dumbacher, chair of the Neil Armstrong Space Prize selection committee, said Falcon 9 last year had 164 launches, with one booster being used more than 30 times. "The reusability resulting from vertical landing has been key in reducing the cost of launching payloads," Dumbacher said. "This team made it happen." The research team was chosen from a long list of impressive nominees. "In the end, the deciding factor was what we felt like was the team's impact on humanity," said Dumbacher, a professor of engineering practice in Purdue's School of Aeronautics and Astronautics. "Their work has had a very clear impact and a very visible impact." The SpaceX team was honored in the award's Innovation category. Three categories of awards fall under the Neil Armstrong Space Prize, and each year, one or more of these categories might be awarded: Dumbacher said the Neil Armstrong Space Prize stretches internationally across the major areas of the modern space industry -- including government, defense, and commercial aspects -- and the goals set by each area. Nominees were received in all three categories under the Space Prize. Dumbacher also wanted to thank BryceTech for its support in the process development. Nominations received in 2025 were extensively reviewed and narrowed down to six finalists in January. The advisory committee is led by Kathleen Howell, Purdue's Hsu Lo Distinguished Professor of Aeronautics and Astronautics, with Henry Yang, chancellor emeritus at the University of California, Santa Barbara; and the late George Smoot III, formerly of the University of California, Berkeley, and Lawrence Berkeley National Laboratory. The advisory committee joined Dumbacher and selection committee members Jim Free, an aerospace executive; Kathryn Lueders, a commercial space consultant and retired NASA Human Exploration and Space Operations associate administrator; Rob Meyerson, CEO and co-founder of Interlune Corp. and former president of Blue Origin; and Thomas Zurbuchen, a Swiss-American astrophysicist and ETH Zurich space director, to thoroughly revisit and discuss each nomination. A final nominee recommendation was passed along to Chiang and Arvind Raman, the John A. Edwardson Dean of the College of Engineering, in March. Purdue leads all public institutions of higher learning in the number of alumni who have entered public and commercial space programs. Academic, government, and industrial partnerships -- including with NASA research centers and leading space economy industries -- serve as a university hallmark with collaborative efforts that have resulted in advances in hypersonics, advanced propulsion systems, in-space manufacturing, and lunar and planetary surface mobility, which are critical to space discovery, economic opportunity, and global security. Purdue will send five Boilermakers on a research journey into space aboard a Virgin Galactic suborbital flight, dubbed Purdue 1, in 2027. This groundbreaking flight will include teaching and real-time research on board, making Purdue the first university to operate in space. Known as the Cradle of Astronauts, Purdue has 30 alumni who have flown in space or been selected as NASA astronaut candidates.
Trump's Iran ceasefire flounders as 'utter chaos' engulfs Strait of Hormuz
Instead of peace talks today, the US-Iran ceasefire is on the brink of collapsing and the Strait of Hormuz is heating up. Despite the two-week deadline expiring today, JD Vance never boarded a plane to Pakistan for negotiations and neither did anyone from Iran. Instead, Donald Trump has extended the ceasefire indefinitely and the IRGC has today attacked several more international ships. Is the war about to restart? Venetia Rainey and Roland Oliphant are joined by chief foreign affairs commentator David Blair and foreign correspondent Akhtar Makoii to discuss the latest news, decode the signals from each side and explain what might happen next. Plus, Roland chats to Richard Mead, editor-in-chief of the maritime industry bible Lloyd's List, about the wider implications of the Strait of Hormuz being in "utter chaos", how ships are increasingly going dark to avoid detection, and China's role in everything. Listen to Iran: The Latest: YOUTUBE | APPLE PODCASTS | SPOTIFY | AMAZON
Amazon expands Anthropic partnership with $100B cloud deal and $25B investment
WASHINGTON -- Amazon is doubling down on its artificial intelligence investments with a massive new commitment from one of its closest partners. Amazon and Anthropic announced an expanded partnership that includes a commitment from Anthropic to spend more than $100 billion over the next decade on Amazon Web Services infrastructure to power its AI models. The deal marks one of the largest long-term cloud and computing agreements in the rapidly growing AI sector, as companies race to secure the massive computing power needed to train advanced systems. Anthropic's Claude models will continue to run on Amazon's custom-built chips, including its Trainium and Graviton processors. The companies said Anthropic will also secure up to 5 gigawatts of computing capacity, underscoring the scale of demand for AI training. "Our custom AI silicon offers high performance at significantly lower cost for customers," Amazon CEO Andy Jassy said in a statement, adding that Anthropic's long-term commitment reflects growing demand for generative AI tools. Anthropic CEO Dario Amodei said the partnership will help the company keep up with rising usage of its models. "Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace," he said. The collaboration builds on earlier work between the companies, including "Project Rainier," a massive AI compute cluster designed to train next-generation models. Amazon is also deepening its financial investment in Anthropic, committing an additional $5 billion now, with the potential for up to $20 billion more tied to future milestones. That comes on top of the roughly $8 billion Amazon has already invested. As part of the expanded partnership, AWS customers will also be able to access Anthropic's full Claude platform directly within their existing Amazon accounts.
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.
The Nvidia Killer? Inside Amazon and Anthropic's $100B Bet - Astera Labs (NASDAQ:ALAB), Amazon.com (NASDA
The Nvidia Killer? Inside The $100 Billion Amazon-Anthropic Alliance This isn't just a software deal; it's a massive infrastructure blockade. By securing 5 gigawatts of power and multi-generational 'Trainium' chip capacity, Amazon is building an AI empire that doesn't need a green logo to function. The $100 Billion Amazon-Anthropic Infrastructure Play According to JPMorgan's Harlan Sur, this expanded collaboration is a 5-gigawatt power move. Anthropic has committed to spending $100 billion over the next decade on AWS technologies, while Amazon is injecting billions into the AI startup. The goal? Creating a self-sustaining ecosystem of custom silicon -- Trainium 3, Trainium 4, and beyond -- that bypasses the supply chain bottlenecks currently strangling the rest of Big Tech. Marvell And Astera Labs: The AI Nervous SystemInvestor Takeaway: Diversifying The AI Trade The Nvidia dominance remains, but the 'Trainium' roadmap creates a massive secondary ecosystem with high visibility through 2027. For investors, Marvell and Astera Labs represent the essential 'pick and shovel' plays in a $100 billion rebellion. If Amazon successfully scales its own silicon, the real alpha may live in the companies building its nervous system. Image via Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
Trump's Iran ceasefire flounders as 'utter chaos' engulfs Strait of Hormuz - AOL
Instead of peace talks today, the US-Iran ceasefire is on the brink of collapsing and the Strait of Hormuz is heating up. Despite the two-week deadline expiring today, JD Vance never boarded a plane to Pakistan for negotiations and neither did anyone from Iran. Instead, Donald Trump has extended the ceasefire indefinitely and the IRGC has today attacked several more international ships. Is the war about to restart? Venetia Rainey and Roland Oliphant are joined by chief foreign affairs commentator David Blair and foreign correspondent Akhtar Makoii to discuss the latest news, decode the signals from each side and explain what might happen next. Plus, Roland chats to Richard Mead, editor-in-chief of the maritime industry bible Lloyd's List, about the wider implications of the Strait of Hormuz being in "utter chaos", how ships are increasingly going dark to avoid detection, and China's role in everything.
Amazon expands Anthropic partnership with $100B cloud deal and $25B investment
WASHINGTON -- Amazon is doubling down on its artificial intelligence investments with a massive new commitment from one of its closest partners. Amazon and Anthropic announced an expanded partnership that includes a commitment from Anthropic to spend more than $100 billion over the next decade on Amazon Web Services infrastructure to power its AI models. The deal marks one of the largest long-term cloud and computing agreements in the rapidly growing AI sector, as companies race to secure the massive computing power needed to train advanced systems. Anthropic's Claude models will continue to run on Amazon's custom-built chips, including its Trainium and Graviton processors. The companies said Anthropic will also secure up to 5 gigawatts of computing capacity, underscoring the scale of demand for AI training. "Our custom AI silicon offers high performance at significantly lower cost for customers," Amazon CEO Andy Jassy said in a statement, adding that Anthropic's long-term commitment reflects growing demand for generative AI tools. Anthropic CEO Dario Amodei said the partnership will help the company keep up with rising usage of its models. "Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace," he said. The collaboration builds on earlier work between the companies, including "Project Rainier," a massive AI compute cluster designed to train next-generation models. Amazon is also deepening its financial investment in Anthropic, committing an additional $5 billion now, with the potential for up to $20 billion more tied to future milestones. That comes on top of the roughly $8 billion Amazon has already invested. As part of the expanded partnership, AWS customers will also be able to access Anthropic's full Claude platform directly within their existing Amazon accounts.
Amazon expands Anthropic partnership with $100B cloud deal and $25B investment
WASHINGTON -- Amazon is doubling down on its artificial intelligence investments with a massive new commitment from one of its closest partners. Amazon and Anthropic announced an expanded partnership that includes a commitment from Anthropic to spend more than $100 billion over the next decade on Amazon Web Services infrastructure to power its AI models. The deal marks one of the largest long-term cloud and computing agreements in the rapidly growing AI sector, as companies race to secure the massive computing power needed to train advanced systems. Anthropic's Claude models will continue to run on Amazon's custom-built chips, including its Trainium and Graviton processors. The companies said Anthropic will also secure up to 5 gigawatts of computing capacity, underscoring the scale of demand for AI training. "Our custom AI silicon offers high performance at significantly lower cost for customers," Amazon CEO Andy Jassy said in a statement, adding that Anthropic's long-term commitment reflects growing demand for generative AI tools. Anthropic CEO Dario Amodei said the partnership will help the company keep up with rising usage of its models. "Our users tell us Claude is increasingly essential to how they work, and we need to build the infrastructure to keep pace," he said. The collaboration builds on earlier work between the companies, including "Project Rainier," a massive AI compute cluster designed to train next-generation models. Amazon is also deepening its financial investment in Anthropic, committing an additional $5 billion now, with the potential for up to $20 billion more tied to future milestones. That comes on top of the roughly $8 billion Amazon has already invested. As part of the expanded partnership, AWS customers will also be able to access Anthropic's full Claude platform directly within their existing Amazon accounts.
Fox's Jen Griffin Reports Iran 'Never Agreed' to Trump's Ceasefire Extension as Strait of Hormuz Chaos Rages On
The U.S. military supply has suffered depletion in precision strike missiles and anti-ballistic missile interceptors due to ongoing conflict in the region, with confusion surrounding Iran's stance on the ceasefire. Fox News chief national security correspondent Jennifer Griffin reported on Wednesday that Iran "never agreed" to President Donald Trump's extension of a ceasefire as chaos in the Strait of Hormuz rages on. Griffin joined Harris Faulkner on The Faulkner Focus on Wednesday, one day after Trump announced an extension to a ceasefire agreement with Iran while he continues to try and hammer out a deal. Griffin reported, however, that Iran "never agreed" to the extension and the country's shaky leadership structure makes negotiations and clear guidelines more difficult. "Based on the fact that the Government of Iran is seriously fractured, not unexpectedly so and, upon the request of Field Marshal Asim Munir, and [Pakistan] Prime Minister Shehbaz Sharif, of Pakistan, we have been asked to hold our Attack on the Country of Iran until such time as their leaders and representatives can come up with a unified proposal," Trump wrote in a Truth Social post. Griffin reported on the ceasefire and various reports of Iran striking and seizing ships in the Strait of Hormuz, where roughly 20% of the world's oil supply moves through. Iran announced its own blockade in the Strait after Trump's original ceasefire agreement. Griffin reported: She also reported the U.S. blockade has turned back more than two dozen vessels, but dozens of Iranian ships are still making it through the Strait of Hormuz. Griffin noted that the U.S. military supply has also taken significant hits during the war, with a reported 45% depletion in precision strikes missiles and a roughly 50% depletion in anti-ballistic missiles interceptors. Faulkner asked for clarification on the ceasefire extension, arguing Iran's stance is causing confusion. "Just a pause there, because you reported and reminded everybody that Iran never actually agreed to the ceasefire. So that's interesting, because they accused the United States blockade in the Strait of Hormuz of being a violation of the cease fire. So I mean, so they never agreed to it, but they expect it to be honored," she said. "Well, the real question, Harris, is who is negotiating on behalf of Iran? Who is in charge there?" Griffin responded. "And we really still are not clear at this point. The IRGC and the IRGC Navy does one thing, and their speaker of Parliament says another thing to Pakistan. So it's very difficult to know what is actually happening and what is happening with the leadership of Iran right now." Watch above via Fox News.
Trump's Iran ceasefire flounders as 'utter chaos' engulfs Strait of Hormuz
Add Yahoo as a preferred source to see more of our stories on Google. Instead of peace talks today, the US-Iran ceasefire is on the brink of collapsing and the Strait of Hormuz is heating up. Despite the two-week deadline expiring today, JD Vance never boarded a plane to Pakistan for negotiations and neither did anyone from Iran. Instead, Donald Trump has extended the ceasefire indefinitely and the IRGC has today attacked several more international ships. Is the war about to restart? Venetia Rainey and Roland Oliphant are joined by chief foreign affairs commentator David Blair and foreign correspondent Akhtar Makoii to discuss the latest news, decode the signals from each side and explain what might happen next. Plus, Roland chats to Richard Mead, editor-in-chief of the maritime industry bible Lloyd's List, about the wider implications of the Strait of Hormuz being in "utter chaos", how ships are increasingly going dark to avoid detection, and China's role in everything. Listen to Iran: The Latest: YOUTUBE | APPLE PODCASTS | SPOTIFY | AMAZON