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By Aditya Soni and Deborah Mary Sophia June 16 (Reuters) – Elon Musk’s is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal to boost its presence in the lucrative enterprise AI tools market. Tuesday’s deal follows a blockbuster Nasdaq debut for the rockets-to-AI company last week, in which its valuation surged to more than $2 trillion. The acquisition will give xAI, which was acquired by SpaceX in February, a stronger hold in AI coding, one of the first areas where companies have turned AI into a real source of revenue…
Greetings, Arsians, and welcome to the great Ars Technica 2026 reader survey! It has been almost four years since we last ran a big site-wide survey like this, where we ask our readers—you!—what you like about the work we do and what we could perhaps improve on. This kind of check-in is absolutely vital to ensuring we’re steering the ship properly, and we take the results very seriously. (The last time we did this, we got several thousand responses, and that’s incredibly valuable data for us!) You don’t have to have been a reader since 1998 to weigh in, either.…
U.S. President Donald Trump speaks during a bilateral meeting with the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani on the sidelines of the G7 summit, on June 16, 2026 in Evian-les-Bains, France. Anna Moneymaker | Getty ImagesPresident Donald Trump on Tuesday signaled that he’s open to sending details of the agreement with Iran to members of Congress, as lawmakers from both parties have raised questions.Arriving at a bilateral meeting in France with United Arab Emirates President Mohammed bin Zayed Al Nahyan, Trump said he wouldn’t mind sending the memorandum of understanding to Congress for review. He did not…
Stay informed with free updatesSimply sign up to the Technology sector myFT Digest — delivered directly to your inbox.France’s domestic intelligence agency has cut its contract with Palantir and replaced it with local rival ChapsVision, amid a drive by European countries to reduce their dependence on US tech firms. French Prime Minister Sébastien Lecornu announced the move on Tuesday as part of a push to increase European tech sovereignty. It also revealed plans to invest an additional €655mn on AI through 2030, while government workers will be given access to an AI assistant powered by France’s Mistral.“We must build our…
A Carvana sign and signature vending machine in Tempe, Arizona.Michael Wayland | CNBCAfter growing to become one of the largest used car retailers in the U.S., Carvana is expanding into the new vehicle market.The company has quietly purchased seven new vehicle franchises since last year that primarily sell Stellantis’ Chrysler, Dodge, Jeep and Ram brands, including a store in Arizona that has become the automaker’s largest volume store in the U.S.Dealers and industry experts said they believe the move could significantly disrupt, if not reshape, the century-old new vehicle franchised dealer system.”Carvana entering the new vehicle franchise business may be…
Laser Photonics stock surges on data center equipment order Source link
SpaceX on Tuesday announced it entered a formal agreement to buy the artificial intelligence startup Cursor for $60 billion worth of stock, a hotly anticipated deal. The announcement comes just days after Elon Musk’s rocket-maker debuted on the Nasdaq in the biggest initial public offering ever. Cursor built a popular AI coding tool that helps software developers generate, edit and review code, and the company has experienced explosive growth since its founding in 2022. In November, Cursor said it crossed $1 billion in annualized revenue, according to a release at the time. The $60 billion in class A common stack that SpaceX…
The ex-defence secretary repeats his call for more funding in a Commons speech following his resignation. Source link
A sign hangs above the front of a Pizza Hut restaurant on Feb. 9, 2026 in Chicago, Illinois. Scott Olson | Getty ImagesYum Brands on Tuesday announced it is selling Pizza Hut to private equity firm LongRange Capital for roughly $1.5 billion.The deal excludes the pizza chain’s locations in mainland China; Yum China will acquire those in a separate transaction for about $1.2 billion. The deals cap off years of struggles for Pizza Hut, which has weighed on Yum’s overall financial performance. In the U.S., the pizza chain has transitioned from the sit-down format and salad bars of yore to…
Yum Brands to sell Pizza Hut for $2.7 billion Source link