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The Latest Breaking News from OpenAI

Elon Musk Suffers Second Court Blow In A Month As Judge Throws Out xAI's Lawsuit Against OpenAI

Elon Musk's xAI loses a trade-secrets lawsuit against OpenAI as a federal judge dismisses the case, marking Musk's second legal defeat against OpenAI in a month.

International Business Times UK

Goldman’s S&P 500 Target Looks More Reachable After the Latest Rally

Goldman Sachs raised its S&P 500 year-end target to 8,000, citing EPS growth, broad earnings beats, and IPO activity including SpaceX's June 12 debut at $135 per share.

MarketBeat

Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX

From Google intern at 18 to a billionaire at 25, Cursor CEO Michael Truell’s rise is one of Silicon Valley’s fastest.

Fortune

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Elon Musk’s unprecendented accumulation of wealth

IPO mints Musk as world’s first trillionaire – now SpaceX is public, it will be harder than ever not to have a stake in its future

The Guardian - US

SpaceX buys AI coding startup Cursor for $60bn as AI race with OpenAI and Anthropic intensifies

SpaceX has agreed to acquire Anysphere, the company behind the popular AI coding tool Cursor, in an all-stock deal valuing the startup at $60 billion (€51.7bn), just days after Elon Musk's firm had a record-breaking IPO.

Euronews

Investors look beyond the 'Magnificent 7' as Wall Street embraces the 'FAB 10'

SpaceX's record-breaking market debut has pushed Wall Street to widen its favourite shorthand of the so-called 'Magnificent 7', with strategists folding Elon Musk's firm, OpenAI and Anthropic into a new 'FAB 10' label that captures the next phase of the AI trade.

Euronews

SpaceX buys AI coding startup Cursor for $60 billion in race for an edge over Anthropic and OpenAI

SpaceX will move forward with its $60 billion acquisition of artificial intelligence startup Cursor as Elon Musk's space exploration and AI company seeks a competitive edge against rivals Anthropic and OpenAI after its Wall Street debut last week

AAP

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SoftBank launches cybersecurity product based on OpenAI models

The "Patching as a Service" product will be rolled out in Japan through a joint ‌venture established ⁠last ⁠November between SoftBank's domestic telecoms arm, SoftBank Corp, and OpenAI.

The Economic Times

Satya Nadella Warns Against AI Future Where 'A Few Models Eat Everything They See'

Microsoft CEO Satya Nadella cautions against an AI economy dominated by a few models, warning of industry commoditisation and the loss of unique expertise.

International Business Times UK

Japan's tech business SoftBank rolls out OpenAI 'patches' against cyberattacks

Japanese technology giant SoftBank Group Corp. is launching a service using OpenAI technology to protect against the looming threat of cyberattacks

The Independent UK

Microsoft sued by shareholders over expenses, cloud business, AI

About $357 billion of market value was erased, and Microsoft's stock suffered its biggest ⁠one-day decline ‌in nearly six years.

The Economic Times

US judge dismisses Elon Musk's xAI trade secret lawsuit against OpenAI

U.S. District Judge Rita Lin in San Francisco said xAI failed to show that OpenAI induced former xAI senior engineer Xuechen Li to divulge confidential information related to its Grok chatbot, or that OpenAI engineers knew Li ‌might have ⁠disclosed any.

The Economic Times

'AI will probably most likely lead to the end of the world, but in the meantime, there’ll be great companies' - quote of the day by OpenAI CEO Sam Altman

Sam Altman has purported publicly for years that AI safety is critical

TechRadar

Truist Just Upgraded Datadog Stock. Here's Why.

Truist upgrades Datadog stock to “Buy” and raises price target to a whopping $300. Here’s why the investment firm is bullish on DDOG shares.

Barchart

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Fortune

Top analyst: 71% of SpaceX’s $2 trillion value rests on AI. Grok’s numbers are ‘almost comical’ by comparison

Keith Snyder at CFRA can’t justify SpaceX’s $2 trillion post-IPO market cap without assuming growth that current Grok adoption data doesn’t support.

Fortune

New Mexico is in a historic drought. Oracle and OpenAI designed their newest data center with that in mind

New Mexico lost 209,000 acres of forest to drought and insects last year. Now a data center may pull millions of gallons of water from the same area.

Barchart

If You’re Looking for the ‘Next Big Thing’ Before the OpenAI and Anthropic IPOs, Try This Barchart Stock Screener

Sometimes boring stocks can be the most exciting.

Barchart

Oracle's Q4 Double Beat Shouldn't Have Sent Shares Down By 10%. What Spooked Investors?

A $40 billion capital raise is the culprit behind the post-earnings ORCL stock drop.

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The Independent UK

How vibe coding can help boost your business

The term was first coined by OpenAI co-founder Andrej Karpathy

Fortune

The SpaceX IPO marks a lopsided win for venture

SpaceX shares closed on its first day of trading up 19%, sending the company's valuation above $2 trillion in a genuinely historic IPO. What happens next will be telling.

TechRadar

Google just undercut OpenAI with a $4.99 Gemini plan — here’s what’s included

Google’s cheapest AI plan is now cheaper than ChatGPT’s — here’s what you get for your $4.99

Euronews

Multiple US states subpoena OpenAI over ChatGPT user safety amid IPO push

A coalition of US state chief legal officers issued OpenAI a sweeping subpoena over the safety of people using ChatGPT, landing just as the company moves towards its initial public offering.

The Economic Times

Anthropic block marks US reversal, warning to Silicon Valley

America has taken a significant step by blocking foreign access to Anthropic's top AI models. This move follows concerns about bypassing security features in their latest AI. Officials are now discussing these security issues with Anthropic. This action highlights the US government's increasing focus on controlling advanced AI technology for…

Tom’s Hardware

OpenAI hit with sweeping probe from massive coalition of 42 US state attorneys general just days after reported IPO filing — subpoena targets ChatGPT maker’s ads, data practices, handling of minors, model sycophancy, and safety policies

State attorneys general have opened a broad investigation into OpenAI, subpoenaing documents on ads, user retention, data handling, minors, health data, model behavior, and safety policies.

Fortune

The hottest debate on Wall Street right now: Does the flood of mega-IPOs and new shares signal a downturn ahead? That depends

"The reason is that companies tend to issue when equity demand is strong, earnings momentum is healthy and investor risk appetite is elevated."

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