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America's Best Companies of 2026

TIME - Tech

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Qualcomm Buys Buzzy Chip Startup Modular for Nearly 4 Billion

WIRED

Modular, one of the most promising chip software startups of the AI era, heads for a multibillion-dollar exit. Qualcomm will acquire the Silicon Valley chip startup Modular for nearly $4 billion. The companies announced the acquisition on Wednesday; Qualcomm said it expects to issue up to 19.2 million shares of common stock in the deal, which works out to just under $4 billion based on the company's last closing share price. The deal, which includes $300 million for Modular employees, comes nine months after the chip startup raised $250 million at a $1.6 billion valuation . It's expected to close in the second half of this year.


Superhuman has acquired AI authenticity service GPTZero

Engadget

Superhuman announced that it has acquired GPTZero. This AI identification business offers services such as hallucination and plagiarism detection as well as a nifty little tool that displays how much of the internet is artificial intelligence. Superhuman said it plans to integrate GPTZero into its Superhuman Go AI assistant to improve the reach of its existing efforts around AI and authenticity. Teachers and students will still be the priority audience for Superhuman following the acquisition. For its part, GPTZero emphasized that Superhuman would also help put its tools in places where people were already reading and writing.


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Musk's SpaceX buys AI coding start-up for 60bn days after IPO

BBC News

Musk's SpaceX buys AI coding start-up for $60bn days after IPO SpaceX has agreed to buy AI coding start-up Cursor for $60bn (£45bn) just days after its bumper initial public offering (IPO). Elon Musk's rocket company will take over Anysphere, which makes the artificial intelligence coding agent. The move comes after SpaceX joined New York's tech-focused Nasdaq stock exchange on Friday in the biggest ever listing, valuing it at more than $2tn and raising $85.7bn . A surge in SpaceX's share price on Monday and Tuesday saw the company overtake Amazon to become the world's fifth most valuable company. The companies have been partners since April, when SpaceX announced it had the right to either buy it for $60bn, or pay $10bn for the work they have done together.


Paramount Refused to Air an Ad Criticizing Its Merger With Warner Bros.

WIRED

The commercial was submitted by the Freedom of the Press Foundation to run during Donald Trump's UFC event. It criticized the $111 billion merger as a threat to the First Amendment. Viewers who tuned into the Paramount+ livestream of UFC Freedom 250 on Sunday night, held to mark President Trump' s 80th birthday as well as the nation's semiquincentennial, were treated to the surreal spectacle of mixed martial artists beating each other bloody in a massive cage installed on the White House lawn. But there was one bruising blow they missed: an advertisement blasting the $111 billion merger agreement between Paramount Skydance and Warner Bros. Discovery . That's because Paramount refused to air the ad, according to Freedom of the Press Foundation, the nonprofit advocacy group that submitted it to run during the event.


Elon Musk's SpaceX valued at nearly 1.8tn ahead of record share sale

BBC News

Elon Musk's SpaceX valued at nearly $1.8tn ahead of record share sale SpaceX has raised $75bn (£56bn) from financial firms ahead of it becoming a publicly traded company on Friday, in what is expected to be the highest-value stock listing in history. In a filing with the US Securities and Exchange Commission, the space exploration and artificial intelligence (AI) company said it had sold $75bn in shares priced at $135 each. The share price matches the estimate SpaceX gave last week, leaving the firm's expected initial stock market value to be nearly $1.8tn. At that value, chief executive Elon Musk - already the richest man in the world - is set to become the world's first trillionaire. Once shares start trading, their value could rise or fall depending on how many shares are made available for sale, and how strong the demand is for those shares.


A private equity company has acquired Balatro publisher, Playstack

Engadget

A majority stake of the indie game publisher Playstack is being sold to an investment company called Integrated Media Company (IMG). As first reported by Game Developer, the owner of the publisher behind hits like Balatro and is selling an 84.5 percent stake to a subsidiary of IMG called VantageCo Limited for £112.4 million, or around $151 million. Playstack also released a brief and vague statement from its founder and CEO, Harvey Elliott, that said this step represented a change in ownership, rather than a change in who we are. IMG's portfolio didn't previously include video game publishers but the company also owns the Fandom umbrella of brands, which includes Fandom, GameSpot, metacritic and more. It's hard to say what this acquisition means for the deck-building roguelite that won the hearts of the Engadget squad after its release in 2024.


Anthropic soars to 965bn valuation, leapfrogging OpenAI

Al Jazeera

Anthropic has usurped OpenAI as the world's most valuable artificial intelligence startup, soaring to a $965bn valuation ahead of expected public listings by the rival firms. Anthropic, the maker of the Claude family of chatbots, said on Thursday that it had raised $65bn from private investors after a fundraising round led by Altimeter Capital, Greenoaks, Dragoneer and Sequoia Capital. "This funding will help us serve the historic demand we are experiencing, stay at the research frontier, and bring Claude to more of the places where work happens," Anthropic's Chief Financial Officer Krishna Rao said in a statement. Altimeter Capital CEO Brad Gerstner hailed the adoption of Claude among the "world's most demanding organisations" as evidence of Anthropic's command in the field. "This momentum positions Anthropic to lead the next phase of AI innovation and capture the enormous opportunity ahead," Gerstner said.


Spotify and Universal are building an AI tool for covers and remixes

Engadget

This will be a paid add-on for Premium subscribers. Spotify just announced a partnership with Universal Music Group (UMG) to create a tool that lets fans make covers and remixes . It'll be a paid add-on for Premium subscribers, with some of that money going to the original artists whose work is being repurposed. Spotify says that artists have to opt in to the program. It's being marketed as a new way for artists and creators to make money, as the platform states the tool will open up additional revenue streams and new ways to drive discovery. Spotify co-CEO Alex Norström says the platform will evolve the music ecosystem into a richer, more beneficial experience for fans and a more rewarding outcome for artists and songwriters.