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SpaceX acquired the AI coding startup Cursor in a $60 billion M&A deal.
SpaceX acquired Elon Musk's AI venture, xAI, as part of its strategy to position itself as an AI company.
OpenAI and Anthropic have both confidentially filed for initial public offerings and were reportedly targeting the fall for their debuts.
AI companies including SpaceX, OpenAI, and Anthropic are spending tens or hundreds of billions of dollars on chips, data centers, and talent.
According to the Bloomberg terminal's Rich Go function, Elon Musk's net worth is $1.273 trillion, making him the world's wealthiest person.
Elon Musk's net worth has increased by $650 billion year-to-date, reflecting the public market valuation of SpaceX.
Amazon's search bar functions as an AI-powered agent that can understand natural language queries, provide historical price charts, and automatically purchase items when they hit a target price.
Amazon is expected to reach one trillion dollars in Gross Merchandise Volume (GMV).
Yum Brands is selling its Pizza Hut division for $2.7 billion to focus on its KFC and Taco Bell chains.
Cursor is a startup that builds AI tools to streamline the process of writing and debugging code.
Cursor is one of the fastest-growing startups in terms of its revenue run rate but faces significant competition from OpenAI and Anthropic.
The acquisition of Cursor is intended to supercharge SpaceX's own efforts to build a more viable and credible AI product.