News & Updates
The latest news and updates from companies in the WLTH portfolio.
Trump says the team behind Anthropic is 'very smart, and I think they can be of great use' - Cryptopolitan
Anthropic sued the Trump administration after the blacklist, and a federal judge temporarily blocked Donald's order. Anthropic moved back into a Washington fight on Tuesday after President Donald Trump said a deal for the company's AI models inside the Department of Defense could still happen. Speaking on CNBC's "Squawk Box," Trump said, "it's possible" there will be an agreement that allows Anthropic technology to be used by the military. He also said: "They came to the White House a few days ago, and we had some very good talks with them, and I think they're shaping up. They're very smart, and I think they can be of great use." The remarks marked a change in tone after months of conflict between Anthropic, the Pentagon, and the Trump administration. In March, the DOD labeled Anthropic a supply chain risk, saying the company's technology could threaten U.S. national security. The label forced defense contractors to certify that they were not using Anthropic's Claude models in military work. Trump then told federal agencies to "IMMEDIATELY CEASE all use of Anthropic's technology," while adding that his administration would "not do business with them again." Pentagon keeps using Claude while Anthropic fights the blacklist and reopens talks That hard line did not fully hold. The Pentagon kept using Claude during the war with Iran. Anthropic later sued the Trump administration in San Francisco and Washington, D.C., to reverse the blacklist. Trump's Truth Social directive has also been temporarily blocked by a federal judge. Talks between both sides then started opening again. Anthropic chief executive Dario Amodei met senior administration officials on Friday to discuss Mythos, the company's new AI model with cybersecurity capabilities. White House chief of staff Susie Wiles and Treasury Secretary Scott Bessent attended that meeting. A White House spokesperson allegedly called the discussion "productive and constructive." Earlier this month, Anthropic announced Mythos and limited its release to a small group of companies because of the model's cyber power. The company said it has been holding "ongoing discussions" with U.S. government officials about Mythos. Mythos arrived after the worst point of Anthropic's dispute with the DOD. The launch appears to have reopened the door to better ties with the administration. Dario also joined an early April call with Bessent and Vice President JD Vance to discuss AI cyber readiness alongside other major tech CEOs. Anthropic signed a $200 million Pentagon contract in July, but negotiations over deploying Claude on the DOD's GenAI.mil platform collapsed in September. Banks rush toward Mythos as Anthropic prepares a wider European rollout The company is facing pressure outside Washington too. In New York and Paris on April 21, Reuters reported that Anthropic plans to give European banks access to Mythos soon, citing three people familiar with the matter. This comes as banks scramble to test the model after large U.S. banks received the first access. Cybersecurity experts see Mythos as a challenge for banks and their old technology systems, and those fears drove warnings from regulators and policymakers at last week's International Monetary Fund spring meeting in Washington. Scott Keipper, EY's Americas Financial Services Technology Consulting Leader, said the speed of the technology is outrunning the governance, operating models, and control systems most banks were built to handle. He said that the gap is widening the distance between finding risk and fixing it. Keipper also said banks need to move past one-time cybersecurity fixes and instead build AI into risk management across technology, operations, governance, and oversight. One person familiar with the matter told Reuters that Anthropic wants to expand Mythos access to European and UK banks, along with other organizations. That person said security checks are part of the rollout process. Another person allegedly said European banks could get access within days, while the first person said the timeline could still take days or weeks. Bloomberg had already reported that Anthropic was preparing to release Mythos to UK financial institutions soon.
Trump says Anthropic is 'shaping up', open to deal with Pentagon
WASHINGTON - US President Donald Trump said on April 21 that Anthropic was "shaping up" in the eyes of his administration, opening the door for the AI company to reverse its blacklisting at the Pentagon. Mr Trump directed the government in February to stop working with Anthropic. The Pentagon followed up by declaring the firm a supply-chain risk, dealing a major blow to the artificial intelligence lab after a showdown over guardrails for how the military could use its AI tools. The company disputes that it poses a risk and filed suit against the Defense Department in March over the determination. Anthropic chief executive officer Dario Amodei met with White House officials on April 17 to attempt to repair the relationship. The White House called the meeting productive and constructive. "They came to the White House a few days ago, and we had some very good talks with them," Mr Trump told CNBC's Squawk Box on April 21. "And I think they're shaping up. They're very smart, and I think they can be of great use. I like smart people... I think we'll get along with them just fine." When asked if a deal was on the horizon with the Pentagon, Mr Trump said: "It's possible. We want the smartest people." Anthropic, asked for comment, referred to its April 17 statement describing its White House meeting as productive and focused on how the two "can work together on key shared priorities such as cybersecurity, America's lead in the AI race, and AI safety". The remarks from Mr Trump are the clearest sign yet of a rapprochement between his administration and Anthropic, whose Claude models are highly regarded for coding. It comes just weeks after Anthropic unveiled Mythos, its most advanced AI tool, with a potentially unprecedented ability to identify cybersecurity vulnerabilities and devise ways to exploit them, experts have said. Anthropic has said Claude Mythos Preview will not be made generally available. Instead, the company announced Project Glasswing, in which it invited major tech companies, cybersecurity vendors and US bank JPMorgan Chase, along with several dozen other organisations, to privately evaluate the model and prepare defences accordingly. Anthropic co-founder Jack Clark said last week the firm was discussing its frontier AI model Mythos with the Trump administration without providing details. Anthropic, which Republican Trump still characterised as employing "the radical left", in his April 21 comments, ran afoul of the Trump administration after it sought assurances from the Pentagon that its AI tools would not be used to surveil Americans or operate autonomous weapons. The Pentagon's ban on Anthropic forbade Defense Department employees and private sector contractors from using the company's AI tools after a six-month period, though the rule contained important exemptions for national security, Reuters reported. A Washington, DC, federal appeals court earlier in April declined to block the Pentagon's national security blacklisting of AI company Anthropic for now, a win for the Trump administration that came after another appeals court came to the opposite conclusion in a separate legal challenge by Anthropic. REUTERS
SpaceX Secures $60B Option on Cursor Before June IPO
SpaceX said Tuesday it obtained the option to acquire AI coding startup Cursor for $60 billion later this year, or pay $10 billion to keep the current partnership. The move lands weeks before a planned June IPO at a reported $1.75 trillion valuation, and adds Cursor's enterprise coding product to xAI's Colossus supercomputer after Cursor's top engineers joined SpaceX in March. Cursor's own $50B+ funding round makes the premium look restrained. SpaceX said Tuesday it has obtained the right to acquire artificial intelligence coding startup Cursor for $60 billion later this year, or pay $10 billion for the partnership the companies now share. The arrangement routes Cursor's developer base into SpaceX's Colossus training cluster, described by the company as equivalent to one million Nvidia H100 GPUs, and hands Elon Musk's rocket and satellite maker a code-generation product weeks before its planned public offering. The company disclosed the deal in a post on X, confirming what investors had watched build since SpaceX's February absorption of xAI and the hiring of two Cursor engineering leads in March. The structure is unusual. SpaceX can either close an acquisition at $60 billion before year-end or pay a $10 billion fee "for our work together," per the company's statement. Breakup fees happen in every serious merger agreement. Branding one as payment for a working partnership does not. The math already looks priced. Cursor is closing a $2 billion funding round at a pre-money valuation over $50 billion, CNBC reported two days before the SpaceX announcement. Andreessen Horowitz is co-leading with Nvidia and Thrive Capital, all returning backers. Battery Ventures is joining as a new investor. The round is oversubscribed. That puts SpaceX's $60 billion option at a modest premium over where the venture market was pricing Cursor last weekend. For a company whose annualized revenue jumped from $1 billion in November to $2 billion in February, and which projects a $6 billion run rate by year-end, the premium looks restrained. This is not a cold acquisition. It is the end of a courtship. xAI already sits inside SpaceX after a $1.25 trillion merger in February, and xAI has been renting GPU capacity to Cursor for training Composer 2.5, Business Insider reported last week. Andrew Milich and Jason Ginsberg, the two engineering heads who took Cursor from product-market fit to $2 billion ARR, joined SpaceX in March. Milich and Ginsberg now report to Musk and xAI president Michael Nicolls. So the compute, the talent pipeline, and the training pipeline were already pointing the same direction before Tuesday. What changed is the pricing mechanism. Cursor's senior team has been draining into Musk's orbit. Its model training now runs on chips SpaceX owns. The $60 billion option and the $10 billion fee simply put a number on which direction the rest of the company walks. Cursor's zero-marketing growth into a professional-developer fixture gave it room to run through most of 2025. That room is closing fast. The pressure on Cursor is not financial. It is competitive. OpenAI shipped Codex and Anthropic shipped Claude Code. Google is pushing Gemini coding tools into enterprise accounts. All three bundle code generation into existing cloud and productivity relationships that Cursor has to win one customer at a time. Anthropic is reported to have pulled ahead of OpenAI on annualized revenue this month, with agentic coding workloads a big driver of that shift. Cursor's own numbers tell the same story the competitive picture does. Enterprise accounts now generate positive gross margins. Individual developer subscriptions still do not. The company's path to defensible profits requires compute it does not own and distribution into accounts it does not yet touch. SpaceX has the first. xAI's enterprise push is trying to build the second. Musk's timing is the subtext. SpaceX filed confidentially in March and is targeting a June listing at a valuation above $1 trillion. Reuters, citing excerpts from the IPO filing, reported this week that the company is marketing up to $1.75 trillion with a $75 billion raise, and that Musk and insiders will keep super-voting control after the offering. An AI coding acquisition strengthens the prospectus in a specific way. Starlink funds the present. Orbital data centers are the pitch for 2028. Cursor is the AI story investors can read on Tuesday. With it on the balance sheet, SpaceX goes public as an applied-AI company with launch capacity, not just a launch company with an AI subsidiary. If you are an enterprise software buyer, that is the story. The question Cursor's founders face is whether their four-year-old MIT side project gets absorbed into a $1.75 trillion public company, or collects $10 billion and tries to hold the line alone against Anthropic and OpenAI while xAI builds in-house. The decision probably resolves after the IPO pricing window closes, not before. What is already fixed: Cursor no longer controls its own compute. When Musk welcomed the two Cursor engineering leads to SpaceX in March, he framed their future work in one line: "Orbital space centers and mass drivers on the Moon will be incredible." The code they ship now will get written for that horizon.
SpaceX cuts a deal to maybe buy Cursor for $60 billion
With an IPO looming for Elon Musk's SpaceX / xAI / X combo platter of companies, SpaceX has announced an odd arrangement to either acquire the automated programming platform Cursor for $60 billion or pay a fee of $10 billion. Buying this startup that's focused on AI coding could help xAI's tools compete with market leader Anthropic, as well as the other competitors. A report by The Information this week said Sergey Brin has directed Google's "strike team" to help its agentic AI tools catch up, while Sam Altman reportedly declared a "code red" at OpenAI last year before shutting down Sora to focus on the ChatGPT superapp and its own Codex tool.
SpaceX seals right to buy coding startup Cursor for $60 billion
SpaceX said today it is "working closely together" with fast-growing coding startup Cursor "to create the world's best coding and knowledge work AI." The post also said SpaceX would have the right to acquire Cursor later this year or make the startup "pay $10 billion for our work together." The New York Times, citing people familiar with the matter, previously reported that the companies had agreed to an acquisition. The news comes as SpaceX prepares for a blockbuster IPO and doubles down on AI, with a growing -- if still fully aspirational -- focus on space-based data infrastructure and computing. Last month, when SpaceX hired two senior leaders from Cursor, CEO Elon Musk noted that xAI, which SpaceX acquired earlier this year, "was not built right first time around, so is being rebuilt from the foundations up."
Starmer 'fighting for his career' amid 'chaos' at Westminster, John Swinney says
John Swinney has contrasted his "reliable, experienced" leadership in Scotland with the "absolute chaos" in Westminster, where he said the Prime Minister is "fighting to save his own career". With the Conservatives and the SNP calling for a vote of confidence in Sir Keir Starmer over his decision to appoint Lord Peter Mandelson as the UK's ambassador to the US, the Scottish First Minister said "the whole Westminster Government has descended into absolute chaos". He described Sir Keir as a "weak and desperate Labour Prime Minister fighting to save his own career rather than fighting for people in Scotland". He was speaking ahead of campaigning in Edinburgh for the Holyrood elections in just over two weeks, with the SNP leader bidding to be returned as Scotland's first minister. Mr Swinney said: "At a time when people are facing sky-high food costs, energy bills and petrol prices, they need a government that is focused on taking action to support them. "Instead, they have a Westminster establishment that is engulfed in scandal and asleep at the wheel." He added that "while Westminster stands by, the SNP will take action on the cost of living - with bold plans to bring down the cost of food in supermarkets, cap bus fares at £2 and provide more support to families with the cost of childcare". Mr Swinney continued: "If am re-elected as first minister, I will be the reliable, experienced leader that people need during these tough times. "I will take real action to support people, and will always put Scotland's interests first." He added that Scotland "will always be an afterthought" to Labour and and Conservative governments at Westminster, where he said there is "never-ending chaos". Mr Swinney said a majority for his party at Holyrood would "unlock the fresh start of independence" with the SNP leader having pledged to use such as a result to push for a second referendum.
Starmer 'fighting for his career' amid 'chaos' at Westminster, John Swinney says
John Swinney has contrasted his "reliable, experienced" leadership in Scotland with the "absolute chaos" in Westminster, where he said the Prime Minister is "fighting to save his own career". With the Conservatives and the SNP calling for a vote of confidence in Sir Keir Starmer over his decision to appoint Lord Peter Mandelson as the UK's ambassador to the US, the Scottish First Minister said "the whole Westminster Government has descended into absolute chaos". He described Sir Keir as a "weak and desperate Labour Prime Minister fighting to save his own career rather than fighting for people in Scotland". He was speaking ahead of campaigning in Edinburgh for the Holyrood elections in just over two weeks, with the SNP leader bidding to be returned as Scotland's first minister. Mr Swinney said: "At a time when people are facing sky-high food costs, energy bills and petrol prices, they need a government that is focused on taking action to support them. "Instead, they have a Westminster establishment that is engulfed in scandal and asleep at the wheel." He added that "while Westminster stands by, the SNP will take action on the cost of living - with bold plans to bring down the cost of food in supermarkets, cap bus fares at £2 and provide more support to families with the cost of childcare". Mr Swinney continued: "If am re-elected as first minister, I will be the reliable, experienced leader that people need during these tough times. "I will take real action to support people, and will always put Scotland's interests first." He added that Scotland "will always be an afterthought" to Labour and and Conservative governments at Westminster, where he said there is "never-ending chaos". Mr Swinney said a majority for his party at Holyrood would "unlock the fresh start of independence" with the SNP leader having pledged to use such as a result to push for a second referendum.
Starmer 'fighting for his career' amid 'chaos' at Westminster, John Swinney says
John Swinney has contrasted his "reliable, experienced" leadership in Scotland with the "absolute chaos" in Westminster, where he said the Prime Minister is "fighting to save his own career". With the Conservatives and the SNP calling for a vote of confidence in Sir Keir Starmer over his decision to appoint Lord Peter Mandelson as the UK's ambassador to the US, the Scottish First Minister said "the whole Westminster Government has descended into absolute chaos". He described Sir Keir as a "weak and desperate Labour Prime Minister fighting to save his own career rather than fighting for people in Scotland". He was speaking ahead of campaigning in Edinburgh for the Holyrood elections in just over two weeks, with the SNP leader bidding to be returned as Scotland's first minister. Mr Swinney said: "At a time when people are facing sky-high food costs, energy bills and petrol prices, they need a government that is focused on taking action to support them. "Instead, they have a Westminster establishment that is engulfed in scandal and asleep at the wheel." He added that "while Westminster stands by, the SNP will take action on the cost of living - with bold plans to bring down the cost of food in supermarkets, cap bus fares at £2 and provide more support to families with the cost of childcare". Mr Swinney continued: "If am re-elected as first minister, I will be the reliable, experienced leader that people need during these tough times. "I will take real action to support people, and will always put Scotland's interests first." He added that Scotland "will always be an afterthought" to Labour and and Conservative governments at Westminster, where he said there is "never-ending chaos". Mr Swinney said a majority for his party at Holyrood would "unlock the fresh start of independence" with the SNP leader having pledged to use such as a result to push for a second referendum.
SpaceX Secures Option to Buy AI Startup Cursor for $60 Billion
SpaceX is preparing for a massive public offering that is expected to fill the company's coffers with billions of dollars in new capital. Ethan Swope/Bloomberg News SpaceX said it secured the right to buy artificial-intelligence coding startup Cursor for $60 billion. In a post on X Tuesday, SpaceX announced that the companies were working closely together on coding and AI, and that it had an option to purchase Cursor later this year. "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," SpaceX said. Colossus is an AI computing complex Musk's xAI developed in Memphis, Tenn. The agreement comes as SpaceX prepares for a massive public offering that is expected to fill the company's coffers with billions of dollars in new capital that it would use to develop AI models to compete with industry heavyweights like OpenAI and Anthropic. Texas-based SpaceX continues to reinvent itself ahead of the planned offering. The company, long focused on launching rockets and deploying satellites, acquired xAI earlier this year, folding Musk's nascent AI company into its sprawling aerospace operation.
Bitget Opens Access to Pre-IPO Tokens, Kicking Off with SpaceX on Solana - Crypto Economy
This move represents a milestone in the convergence between traditional finance (TradFi) and the crypto ecosystem. By tokenizing derivatives of "unicorn" companies through its regulated partner Republic, Bitget democratizes access to investments that were generally reserved for large venture capital funds. For the market, this means increased liquidity in pre-public assets and a validation of blockchain technology as a tool for global financial democratization. The arrival of preSPAX on Bitget marks the beginning of a trend for high-profile tokenized assets. Users can already convert these tokens into USDT with zero fees, facilitating a strategic exit in response to market events. The next step for the industry will be to observe if other tech giants follow this model of fractional and digital exposure. Source:https://goo.su/Gz0OsTf
SpaceX settles lawsuit with California Coastal Commission over Vandenberg flights
By clicking submit, I authorize Arcamax and its affiliates to: (1) use, sell, and share my information for marketing purposes, including cross-context behavioral advertising, as described in our Privacy Policy , (2) add to information that I provide with other information like interests inferred from web page views, or data lawfully obtained from data brokers, such as past purchase or location data, or publicly available data, (3) contact me or enable others to contact me by email or other means with offers for different types of goods and services, and (4) retain my information while I am engaging with marketing messages that I receive and for a reasonable amount of time thereafter. I understand I can opt out at any time through an email that I receive, or by clicking here SpaceX and the California Coastal Commission have settled a lawsuit filed by Elon Musk's rocket company over the agency's attempt to regulate its flights from Vandenberg Space Force Base. The settlement was reached last week by the two sides, but the details won't be made public until it is approved by Los Angeles U.S. District Court Judge Stanley Blumenfeld Jr. The case would remain pending if the settlement is not accepted. SpaceX and the Coastal Commission did not respond to messages asking for comment. The lawsuit was filed in 2024 after the agency that oversees the state's coastal development denied a plan by the rocket company to sharply increase its launches from the Santa Barbara County facility. The rocket company has been launching its Starlink broadband satellites into space from the site, raising concerns about its effect on wildlife. Nearby residents also have complained of sonic booms created by the company's Falcon 9 rocket. SpaceX contends that the state doesn't have authority over its launches at the military base, and alleged political bias after several commissioners noted Musk's politics, including his support of President Trump, during a hearing on the matter in 2024. "Mr. Musk controls 'one of the most extensive communications networks on the planet,' and ... 'just last week' Mr. Musk was 'speaking about political retribution on a national stage,'" was one comment cited by SpaceX in court papers. Blumenfeld dismissed the lawsuit in March 2025 but allowed SpaceX to amend and refile its complaint. In July, he dismissed multiple causes of action in the second complaint, including claims for financial damages against four commissioners, but allowed others to move forward. It's unclear what practical effect the settlement might have. Last August, the commission also turned down a plan to boost the number of flights to 95 per year. However, the Space Force has exercised its federal authority to launch more flights from the base despite the agency's disapproval. Seventy-one rockets blasted off last year, most of them by SpaceX. One hundred or more could take off this year, possibly making it the busiest spaceport in the world. SpaceX also plans to launch its much bigger Falcon Heavy rockets from another pad. The rocket straps three Falcon 9 rocket cores together and has 27 liftoff engines, compared with nine for the smaller rocket. More concerning to critics is a decision by the Space Force in December to invite rocket companies to build and operate a "super heavy" launchpad on the base with an even more powerful rocket. The Space Force contends it follows federal environmental laws and has commissioned studies to lessen the flights' impact on wildlife and reduce residents' exposure to sonic booms.
Starmer 'fighting for his career' amid 'chaos' at Westminster, John Swinney says
John Swinney has contrasted his "reliable, experienced" leadership in Scotland with the "absolute chaos" in Westminster, where he said the Prime Minister is "fighting to save his own career". With the Conservatives and the SNP calling for a vote of confidence in Sir Keir Starmer over his decision to appoint Lord Peter Mandelson as the UK's ambassador to the US, the Scottish First Minister said "the whole Westminster Government has descended into absolute chaos". He described Sir Keir as a "weak and desperate Labour Prime Minister fighting to save his own career rather than fighting for people in Scotland". He was speaking ahead of campaigning in Edinburgh for the Holyrood elections in just over two weeks, with the SNP leader bidding to be returned as Scotland's first minister. Mr Swinney said: "At a time when people are facing sky-high food costs, energy bills and petrol prices, they need a government that is focused on taking action to support them. "Instead, they have a Westminster establishment that is engulfed in scandal and asleep at the wheel." He added that "while Westminster stands by, the SNP will take action on the cost of living - with bold plans to bring down the cost of food in supermarkets, cap bus fares at £2 and provide more support to families with the cost of childcare". Mr Swinney continued: "If am re-elected as first minister, I will be the reliable, experienced leader that people need during these tough times. "I will take real action to support people, and will always put Scotland's interests first." He added that Scotland "will always be an afterthought" to Labour and and Conservative governments at Westminster, where he said there is "never-ending chaos". Mr Swinney said a majority for his party at Holyrood would "unlock the fresh start of independence" with the SNP leader having pledged to use such as a result to push for a second referendum.
Spacex Is Working With Cursor And Has An Option To Buy The Startup For $60 Billion
SpaceX is working with Cursor and has an option to buy the startup for $60 billion - BERITAJA is one of the most discussed topics today. In this article, you will find a clear explanation, key facts, and the latest updates related to this topic, presented in a concise and easy-to-understand way. Read more news on Beritaja. SpaceX said it has struck a woody pinch Cursor to create a adjacent procreation "coding and knowledge activity AI," which includes a astonishing provision -- an action to bargain the celebrated package improvement level for $60 cardinal later this year. Partnering pinch and perchance purchasing a leader successful the hottest AI merchandise class could only beryllium seen successful the discourse of SpaceX's much-anticipated nationalist offering. Investors seeking much worth successful the IPO mightiness spot its engagement pinch Cursor arsenic different measurement to extract worth from Elon Musk's progressively sprawling tech conglomerate. The woody won't daze those who travel the manufacture closely. Last week, it was reported that xAI would statesman renting computing power from its information centers to Cursor, pinch the coding startup utilizing tens of thousands of xAI chips to train its latest AI model. And past month, 2 of Cursor's about elder engineering leaders, Andrew Milich and Jason Ginsberg, left the institution to subordinate xAI, wherever some study straight to Musk. SpaceX described the business arsenic a task combining Cursor's "product and distribution to master package engineers" pinch SpaceX's Colossus supercomputer, which the institution claims has the balanced compute powerfulness of a cardinal Nvidia H100 chips. SpaceX besides said that astatine immoderate undisclosed constituent later this year, it will either salary Cursor $10 cardinal for its activity aliases get the institution for $60 billion. Last week, TechCrunch reported that Cursor was eying a $50 cardinal valuation successful an upcoming backstage fundraising round. That fig itself reflects an astonishing bid of leaps. Cursor was weighted astatine conscionable $2.5 cardinal successful January of past year, climbed to $9 cardinal by past May May, and was assigned a $29.3 cardinal post-money valuation erstwhile it closed connected $2.3 cardinal successful Series D backing successful November. Either of those figures would correspond a important disbursal for SpaceX, which is wide seen to beryllium losing money pursuing the acquisition of xAI and the societal media web X and is readying extended superior investment. The little connection did not opportunity if either woody could beryllium paid successful SpaceX stock. While the move could statement up weaknesses astatine each company, it besides reveals them. Neither Cursor nor xAI has proprietary models that could lucifer the starring offerings from Anthropic and OpenAI -- the aforesaid companies now competing straight pinch Cursor for the developer market. Cursor still uses and sells entree to Claude and GPT models moreover arsenic some firms rotation retired their ain coding tools, an awkward statement the SpaceX business whitethorn beryllium designed to yet escape.
SpaceX strikes $60bn deal to acquire AI start-up Cursor
Elon Musk's SpaceX has struck a deal to acquire code-editing start-up Cursor for $60bn in a bid to catch up on rivals such as OpenAI and Anthropic. SpaceX has an option to acquire Anysphere, Cursor's parent company, for $60bn this year. If SpaceX decides not to proceed, it would pay the company $10bn, the rocketmaker announced on Tuesday. That would in effect be among the largest termination fees in history. The agreement comes as Musk tries to reel in AI rivals whose models have so far outstripped those produced by his xAI lab. The billionaire founded xAI in 2023 to take on OpenAI and Anthropic, and has since merged the group with SpaceX, which is gearing up for a record-breaking IPO this summer. SpaceX said it was looking to tap Cursor's "leading product and distribution to expert software engineers". Cursor, meanwhile, is seeking access to SpaceX's massive computing resource to develop its own coding tools. "We're very excited about working with them and we think SpaceX is basically the best company in the world when it comes to building out compute. The feats they have been able to pull off are extraordinary," said Oskar Schulz, Anysphere's president.
Bombay high court calls for uniform policy in tax matters to prevent 'judicial chaos', cites 1953 judgment
Mumbai: Citing a 73-year-old judgment, the Bombay high court said there is a need for a uniform policy by the Centre in tax matters to prevent 'judicial chaos'. The Centre needs to address the issue in a "National Litigation Policy, so that uniform policy in respect of such issues is followed in proceedings before different high courts in relation to central legislations and more particularly in tax matters," said a division bench of Justices Girish Kulkarni and Aarti Sathe on Monday, while granting refund and benefits to sugar exporters under a 2021 Remission of Duties and Taxes on Export Products (RoDTEP) scheme that essentially gave Customs' sops to incentivise exports.In 1953, then Bombay HC Chief Justice M C Chagla had authored a judgment which called for a uniform tax policy on the interpretation of the section of a Central statute. The enunciation by then CJ Chagla "certainly needs to guide the department in the present times, more particularly considering the scores of matters being filed on the same issue before different high courts," said the bench.Justice Kulkarni, authoring Monday's judgment, said sometimes the situation gets worse as the I-T department takes a contrary stand before different HCs, causing "different interpretations and orders leading to judicial chaos". He added: "...once the issue has attained finality...via an authoritative pronouncement by a high court, similar issues ought not to be agitated by the department before other high courts.''Four sugar exporters had petitioned the HC in 2024 to challenge the action of the Customs department in refusing refund and export rebate under RoDTEP scheme for exports of white refined sugar for different periods. The Centre applied a 2022 notification to set out restrictions. The grievance of exporters was that they were "arbitrarily deprived of the benefits of the duty credit under RoDTEP on the exports made" under the Foreign Trade Policy.Senior counsel Darius Shroff and advocates Abhishek Rastogi and Janay Jain, for the petitioners, said a policy and its benefits were denied by a misreading and arbitrary application of later notification to claim sugar exports were totally restricted from any benefits.But advocates Shehnaz Bharucha and J B Mishra, for the Centre and Director General of Foreign Trade, said in September 2021 itself sugar was declared ineligible for duty credit. But the HC noted that Bharucha was not in a position to dispute that by a May 22 notification, sugar export was allowed with specific permission from the directorate of sugar, department of food and public distribution."No doubt that export of sugar, considering domestic need, ought to be regulated. However, the regulation is in terms of the notifications which certainly permit export of appropriate quota as may be approved by the directorate of sugar. If this is held to be an accepted position by the department, then the benefits of the scheme cannot be denied to the petitioners, who have acted upon the scheme and have undertaken exports which certainly are conducive to the national interest and integral to the foreign trade policy," said the HC. The bench also accepted Jain's submission that there was in existence an order of the Gujarat HC on the subject which attained finality with the Supreme Court having dismissed challenges and once the central department has accepted the Gujarat HC ruling then the principles laid down by former CJ Chagla must kick in. The HC held the companies entitled to the benefit of rebate in the sugar exports they did under the Customs notification.
SpaceX is working with Cursor and has an option to buy the startup for $60 billion | TechCrunch
SpaceX said it has struck a deal with Cursor to develop a next generation "coding and knowledge work AI," which includes a surprising provision -- an option to buy the popular software development platform for $60 billion later this year. Partnering with and potentially purchasing a leader in the hottest AI product category can only be seen in the context of SpaceX's much-anticipated public offering. Investors seeking more value in the IPO might see its engagement with Cursor as another way to extract value from Elon Musk's increasingly sprawling tech conglomerate. The deal won't shock those who follow the industry closely. Last week, it was reported that xAI would begin renting computing power from its data centers to Cursor, with the coding startup using tens of thousands of xAI chips to train its latest AI model. And last month, two of Cursor's most senior engineering leaders, Andrew Milich and Jason Ginsberg, left the company to join xAI, where both report directly to Musk. SpaceX described the partnership as a project combining Cursor's "product and distribution to expert software engineers" with SpaceX's Colossus supercomputer, which the company claims has the equivalent compute power of a million Nvidia H100 chips. SpaceX also said that at some undisclosed point later this year, it will either pay Cursor $10 billion for its work or acquire the company for $60 billion. Last week, TechCrunch reported that Cursor was eying a $50 billion valuation in an upcoming private fundraising round. That figure itself reflects an astonishing series of leaps. Cursor was valued at just $2.5 billion in January of last year, climbed to $9 billion by last May May, and was assigned a $29.3 billion post-money valuation when it closed on $2.3 billion in Series D funding in November. Either of those figures would represent a significant expense for SpaceX, which is widely seen to be losing money following the acquisition of xAI and the social media network X and is planning extensive capital investment. The brief statement did not say if either deal could be paid in SpaceX stock. While the move could shore up weaknesses at each company, it also reveals them. Neither Cursor nor xAI has proprietary models that can match the leading offerings from Anthropic and OpenAI -- the same companies now competing directly with Cursor for the developer market. Cursor still uses and sells access to Claude and GPT models even as both firms roll out their own coding tools, an awkward arrangement the SpaceX partnership may be designed to eventually escape.
Spacex says it has option to acquire startup Cursor for $60 billion
April 21 (Reuters) - Elon Musk's SpaceX announced on Tuesday it has been granted the option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for a partnership. SpaceX and Cursor are working closely together to create coding and knowledge work AI, the space company said in a post on X. Cursor did not immediately respond to a Reuters request for comment. Two product engineering heads at Cursor, a startup that sells AI models for coding tasks, said in March they joined SpaceX to contribute to the company's lunar projects and xAI, Musk's AI startup that is now a part of SpaceX. Musk welcomed the engineers, Andrew Milich and Jason Ginsberg, saying, "Orbital space centers and mass drivers on the Moon will be incredible." Reporting by Juby Babu in Mexico City; Editing by Vijay Kishore Our Standards: The Thomson Reuters Trust Principles., opens new tab
Spacex says it has option to acquire startup Cursor for $60 billion
April 21 (Reuters) - Elon Musk's SpaceX announced on Tuesday it has been granted the option to either acquire code-generation startup Cursor for $60 billion later this year, or pay $10 billion for a partnership. SpaceX and Cursor are working closely together to create coding and knowledge work AI, the space company said in a post on X. Cursor did not immediately respond to a Reuters request for comment. Two product engineering heads at Cursor, a startup that sells AI models for coding tasks, said in March they joined SpaceX to contribute to the company's lunar projects and xAI, Musk's AI startup that is now a part of SpaceX. Musk welcomed the engineers, Andrew Milich and Jason Ginsberg, saying, "Orbital space centers and mass drivers on the Moon will be incredible." (Reporting by Juby Babu in Mexico City; Editing by Vijay Kishore)
Mozilla says it patched 271 Firefox vulnerabilities thanks to Anthropic's Claude Mythos
Anthropic's buzzy announcement about using AI to improve cybersecurity earlier this month was met with plenty of skepticism. However, Mozilla shared some details that support use of the company's special Claude Mythos Preview model as a way to protect critical services. Using Mythos helped Mozilla's team find and patch 271 vulnerabilities in the latest release of the Firefox browser. "So far we've found no category or complexity of vulnerability that humans can find that this model can't," the foundation said. The blog post from Mozilla feels like a positive sign for Anthropic's Project Glasswing. Obviously the AI company would want to put itself in the best possible light while presenting its own initiative, but there's something encouraging about hearing the benefits from a third party. Mozilla also noted that in its time with Claude Mythos, the AI wasn't able to turn up any bugs that a human wouldn't have been able to find, given enough time and resources, which indicates that AI isn't presently able to do more to crack cybersecurity protections than a person can. An organizaion successfully using AI for good is certainly a refreshing change of pace in tech news. And for those Firefox users who aren't personally interested in applying any generative AI in their browsing, Mozilla has given the option to turn it all off for the past several months.
Unauthorized Access to Anthropic's Mythos AI Raises Concerns | Technology
A small group unauthorizedly accessed Anthropic's Mythos AI, meant for limited release to companies for testing. The unauthorized users, believed to be in a private forum, accessed the AI designed for cybersecurity. Anthropic is investigating this breach, which has raised regulatory concerns over potential misuse. Exclusive reports have surfaced about unauthorized access to Anthropic's groundbreaking Mythos AI model, raising security concerns among regulators. It has been discovered that a private group gained entry to the AI on its initial rollout day, intended for restricted testing by select companies. While intended to bolster cybersecurity, the model's misuse potential is under investigation by Anthropic after the breach was found in its vendor ecosystem.
