OpenAI news triggers 7% AI stock sell-off; SpaceX's spectrum buy hits telecoms
OpenAI news sends AI stocks down 7%; SpaceX's spectrum purchase impacts Verizon, AT&T, and T-Mobile.
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OpenAI hires second Cursor exec in a month to lead EMEA sales
OpenAI appoints Ismail Elmas as EMEA sales VP, the second hire from SpaceX's Cursor in a month, as it seeks to expand in Europe and beyond.
Anthropic's $15B credit facility signals an IPO race with SpaceX
Anthropic expands its credit facility to $15B ahead of an IPO aiming to rival SpaceX's record $86.2B raise.
Anthropic's $30T TAM claim sets new bar for AI IPOs
Anthropic projects a $30T total addressable market, outpacing SpaceX's $28.5T claim in its upcoming IPO filing.
OpenAI ends Cursor access by November, citing SpaceX trust concerns
OpenAI will cut off Cursor's AI models by November 2026, escalating its feud with Elon Musk's SpaceX.
OpenAI cuts off Cursor two months after SpaceX's $60B deal
OpenAI ends model supply to Cursor following SpaceX acquisition, affecting developers and raising contract dependency questions.
OpenAI cuts ties with Cursor after SpaceX acquisition, ending key AI coding partnership
OpenAI will end its partnership with Cursor following the AI coding agent's acquisition by SpaceX, per a post on X.
Space tech startups raise $20.3B in 2026, led by Anduril's $5B round
Space tech startups have raised a record $20.3B in 2026, with Anduril Industries securing a $5B Series H round.
Anthropic targets $86.2B IPO, aiming to top SpaceX's record
Anthropic PBC aims to surpass SpaceX's $86.2B IPO with its own public offering, targeting a filing by month's end.
Harvard's $2.2B SpaceX stake fuels 43% upside forecast as Grok 4.6 targets OpenAI, Anthropic
Harvard University revealed a $2.2B stake in SpaceX, while Mizuho predicts 43% upside as Grok 4.6 competes with OpenAI and Anthropic.
Nvidia's OpenAI backstop slashed to $120B amid investor concerns
Nvidia reduces its financial guarantee for OpenAI's Ohio data center project from $250B to $120B following market reaction.
Microsoft targets $100B/year in AI inference revenue, per SemiAnalysis
Microsoft is poised to generate $100 billion annually from AI inference, challenging OpenAI and Anthropic, according to SemiAnalysis.
Decart nears $6B-$7B sale, SpaceX and Amazon in final bidding
Israeli AI startup Decart is in advanced talks for a $6B-$7B sale, with SpaceX and Amazon among the final bidders.
White House Classifies AI Framework as Apple and OpenAI Trade Legal Blows
White House classifies AI framework details as Apple and OpenAI engage in a public legal battle over trade secrets and AI integration.
SpaceX's $3T valuation takes a hit as AI funding slows
SpaceX's valuation drops as AI funding faces headwinds, with higher borrowing costs and investor caution.
AMD commits $5B to Anthropic in GPU-powered AI infrastructure push
AMD invests up to $5B in Anthropic, deploying 2 gigawatts of AMD Instinct MI450 GPUs for AI model training.
SpaceX's $26B AI compute deals with Google, Anthropic boost valuation case
SpaceX secures $26B annually from renting AI compute to Google and Anthropic, bolstering its valuation.
OpenAI targets September 2026 IPO with potential $1T valuation, insiders say
OpenAI plans to file for an IPO as early as this week, aiming for a September 2026 debut with a potential $1T valuation.
Anthropic in early talks with Meta for $10B compute lease
Anthropic explores a $10B deal with Meta for AI compute power, following a similar agreement with SpaceX.
Veteran investor George Noble warns AI's 17x dot-com bubble risk
George Noble, founder of Noble Capital Advisors, cautions that AI's current market valuation is 17 times higher than the dot-com era, signaling a potential b...
Elon Musk reverses course, now calls Anthropic the 'leader' in AI
Elon Musk praises Anthropic's AI models, calling them the current leader, a stark contrast to his previous criticism.
OpenAI secures $520M Bank of America credit line ahead of IPO
OpenAI gets a $520 million line of credit from Bank of America as it prepares for its IPO, boosting the bank's AI financing dominance.