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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.

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 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 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 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.

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.

NextEra Energy is seeking to acquire Dominion Energy in an all-stock deal valued at about $67bn, creating a massive power company as the energy needs of artificial intelligence (AI) drive demand higher in the United States. It is one of the biggest proposed mergers so far this year and would create the world's largest regulated electric utility business by market capitalisation, the companies said on Monday. The region has a fast-growing population and the world's biggest data centre hub, which is in Virginia. The deal will enable a swifter build-out of power infrastructure to deliver electricity to data centres proposing to connect to NextEra and Dominion, which total about 130 gigawatts of electricity demand, the companies' executives said. One gigawatt can power about 750,000 homes. The merger builds on NextEra's efforts to tap into surging demand for supplying electricity to data centres developed by Big Tech, largely for training and rolling out AI technologies.

Shares are up more than 300% this year for the Tokyo-based company. Kioxia Holdings' shares were untraded in a glut of buy orders Monday morning after the supplier of storage for artificial intelligence data centers reported soaring profit and gave an outlook that trounced expectations. The Tokyo-based company said it expects to earn an operating profit of ¥1.3 trillion ($8.2 billion) during the June quarter, above the record profit it earned for the full year ended March. Its quarterly profit also surged past expectations, surpassing that of Toyota's, making Kioxia one of Japan's most profitable businesses. Kioxia's shares are up more than 300% this year.

Meanwhile its Audacious Project --a funding initiative that gives mature nonprofits the opportunity to pitch "moonshot" plans to a coalition of philanthropists--has raised over $1 billion in each of the last two years, in an epic Robin Hood operation for a handful of large-scale projects on climate, health, education, and criminal justice: The Audacious recipients here this year are taking this brief break from their work preventing 16 million unsafe abortions, helping governments in 20 countries prevent lead poisoning, or intercepting 5 percent of the world's river-borne plastic before it reaches the ocean.