'I'm delighted to be wrong about this' — Sam Altman says one of his biggest fears about AI hasn't come true Sam Altman says AI has not disrupted white-collar employment as quickly as he expected. TechRadar · Jun 17
'The math doesn't work': Why your $200 AI subscription is secretly worth thousands New research suggests heavy ChatGPT and Claude users are getting an enormous discount on compute. The catch: the math doesn't work, and the first cracks are already showing. Tom’s Guide · Jun 17
ChatGPT’s market share dips below 50%: Key AI trends to know Hit by Google Gemini's continued expansion and Claude's recent growth, ChatGPT's share of the AI assistant market fell below 50% for the first time in March 2026, as per a report published by market intelligence firm Sensor Tower. The Economic Times · Jun 17
Avoid IT, focus on growth: Samir Arora's playbook for next 12 months Investor optimism is rising on hopes of a US-Iran agreement, potentially easing energy market concerns and geopolitical uncertainty. Helios Capital founder Samir Arora believes peace in West Asia could remove a key market overhang and help control oil prices, with a focus on broader outcomes over deal specifics. The Economic Times · Jun 17
US Stock Market: ETF issuers rush to capitalise on AI-focused ‘MANGOS’ theme after SpaceX IPO Two asset managers are seeking regulatory approval for new ETFs tied to the "MANGOS" acronym, a basket of leading AI-focused companies including Meta, Nvidia, Google, SpaceX, Anthropic, and OpenAI. This move follows SpaceX's record IPO, fueling investor enthusiasm for AI-linked stocks and creating a potential successor to the Magnificent Seven… The Economic Times · Jun 17
Macron invites Trump to Versailles dinner as G7 summit wraps up The third and final day of the G7 summit focuses on AI and social media, with CEOs from OpenAI, Anthropic and European rival Mistral meeting leaders for lunch on Wednesday. French President Emmanuel Macron has invited his US counterpart Donald Trump to a private dinner at the lavish Palace of… France 24 · Jun 17
Inside Cursor's journey to a $60 billion deal with Elon Musk’s SpaceX SpaceX has acquired AI coding assistant Cursor for $60 billion in an all-stock deal, significantly bolstering its AI ambitions. This move positions SpaceX strongly in the AI coding tools segment, competing with giants like OpenAI and Anthropic. Cursor, cofounded by Indian-origin entrepreneur Aman Sanger, boasts substantial annual revenue and a… The Economic Times · Jun 17
SpaceX just spent $60 billion on Cursor — and it proves AI chatbots aren't the future anymore SpaceX's $60 billion acquisition of Cursor signals a major shift in AI — from chatbots that answer questions to agents that can actually complete work. Tom’s Guide · Jun 16
Top Microsoft VP Calls On People Not To 'Panic' About AI Taking Job Opportunities Microsoft President and Vice Chair Brad Smith pushed back against what he described as increasingly alarmist predictions about AI-driven job losses. International Business Times · Jun 16
People are starting to think ChatGPT is too cheap — and that might be a problem for OpenAI ChatGPT's expanding capabilities and unchanged subscription price have sparked a debate over whether it's a good deal or headed for a cliff TechRadar · Jun 16
SpaceX To Acquire AI Coding Startup Anysphere In $60 Billion Deal SpaceX has agreed to acquire Anysphere, the company behind the coding platform Cursor, in a deal valued at $60 billion. International Business Times · Jun 16
Anthropic’s Fable fiasco leaves the door open for open-source AI, particularly cheaper models from China “Frontier intelligence should not … be subject to withdrawal by a handful of rules at any moment,” Z.ai, a Chinese AI developer, wrote on social media. Fortune · Jun 16
How Hamza Mostafa Went from an Unpaid Internship to OpenAI's First Intern Cohort Hamza Mostafa's path into frontier artificial intelligence did not begin with a polished resume, a famous research lab, or a direct route into Silicon Valley. International Business Times · Jun 16
Can Elon Musk's xAI challenge Anthropic after SpaceX's $60 billion Cursor AI acquisition from Anysphere? SpaceX has agreed to acquire Cursor AI parent Anysphere for $60 billion in an all-stock deal, days after SpaceX's blockbuster Nasdaq debut. The acquisition hands xAI's Grok a foothold in AI coding tools, tapping Cursor's $2 billion annualized revenue and rapid enterprise adoption. Closing is expected in Q3 2026. Now… The Economic Times · Jun 16
International Business Times UK · Jun 16 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.
MarketBeat · Jun 16 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.
Fortune · Jun 16 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.
The Guardian - US · Jun 16 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
Euronews · Jun 16 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 · Jun 16 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.
AAP · Jun 16 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
The Economic Times · Jun 16 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.
International Business Times UK · Jun 16 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.
The Independent UK · Jun 16 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 Economic Times · Jun 16 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.