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June 16, 2026, 9:20 AM
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Top News

Reuters:
SEC filing: SpaceX agrees to acquire Cursor in a merger valuing the AI coding startup at $60B, set to close in Q3 2026, or pay a $4B to $10B termination fee  —  Elon Musk's SpaceX (SPCX.O) said on Tuesday it would acquire Anysphere, the software firm behind the popular AI coding agent Cursor …
Business Insider:
A profile of Cursor, including its hiring process and testy relationship with Anthropic, which told Cursor that Claude Code was a research effort, per a source  —  How the world's hottest AI coding company hitched its fate to Elon Musk's rocket ship  —  I n 2019, Michael Truell, a shy …
Molly Taft / Wired:
Filing: the US DOJ asks the court to dismiss an NAACP lawsuit over xAI's gas turbines, saying xAI is integral to the US' military operations, like the Iran War  —  In a bid to dismiss a lawsuit over xAI's polluting gas turbines, the Justice Department claimed the company is integral to military operations—including the Iran War.
Ben Thompson / Stratechery:
Anthropic's origin story is rooted in OpenAI not taking safety seriously enough, so only Anthropic can control AI and everyone else, including the US government
Axios:
Sources say Anthropic struggles to speak the Trump administration's language; a White House official says Anthropic “screwed us” as it didn't “honor” a cyber EO
Financial Times:
Source: Anthropic was given 90 minutes to comply and wasn't provided with detailed concerns before the Commerce Department imposed export controls on its models
Sam Sabin / Axios:
Letter: US cybersecurity leaders urge the White House to lift the ban on Anthropic's Mythos 5 and Fable 5, arguing the move hurts defenders more than attackers
Ed Zitron / Ed Zitron's Where's Your Ed At:
Docs: audited financial figures show OpenAI spent $34B in 2025, up 172% YoY, including $19B on research and development and nearly $6B on sales and marketing  —  Today, I can exclusively report, based on audited financial documents viewed by this publication that have been independently verified …
Jason Schreier / Bloomberg:
Sources: several Xbox studios, including Hellblade maker Ninja Theory, are in talks with Microsoft to buy themselves back and go independent to avoid closure  —  The studios, which include Compulsion Games and Double Fine, are in active negotiations with Xbox and may be given the chance to go independent.
Arjun Kharpal / CNBC:
SpaceX's stock closed up 19.6% on June 15, its first full day of trading; Musk said it “might be able to reach” ~$1T in revenue in 2030, up from $18.7B in 2025  —  SpaceX shares climbed 20% on Monday, the first full day of trading following a record-breaking debut last week on the Nasdaq.
CNBC:
SpaceX's IPO raised a total of $85.7B as underwriters exercised their overallotment of shares; the additional money is bigger than almost all tech IPOs to date
Simon van Zuylen-Wood / New York Magazine:
An interview with SBF about life in prison, his serialized prison memoir titled Manfred, and more, as he praises Trump, becomes a Republican, and seeks a pardon  —  Sam Bankman-Fried is incarcerated at a federal prison in Lompoc, California, which sits northwest of Santa Barbara and is dubbed “the City of Arts and Flowers.”
Wired:
Memo: CTO Andrew Bosworth said Meta did “an atrocious job” sharing Applied AI's vision, promising employees better communication, career growth, and more perks  —  In an internal memo seen by WIRED, Bosworth promised employees more stability, better communication …
Antonio G. Di Benedetto / The Verge:
Microsoft upgrades Surface Pro and Surface Laptop with Qualcomm Snapdragon X2 chips; Pro starts at $1,499 and Laptop at $1,599, both $100 higher than last-gen  —  New colors and high prices. New colors and high prices. … Microsoft is launching new Surface Laptops …
Colin Campbell / Axios:
Copia, an industrial code management and recovery provider, raised $26M co-led by AE Ventures and Squadra Ventures, after previously raising $16.4M  —  Copia, an industrial code management and recovery provider, raised $26 million co-led by AE Ventures and Squadra Ventures, CEO Adam Gluck tells Axios Pro exclusively.
Lucinda Shen / Axios:
Atom Computing, one of the nine quantum computing startups backed by the US, raised a $100M Series C led by Third Point, bringing its total funding to $300M  —  Quantum company Atom Computing raised a $100 million Series C led by Third Point Ventures, it tells Axios exclusively.

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This is a Techmeme archive page. It shows how the site appeared at 9:20 AM ET, June 16, 2026.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Wall Street Journal:
MGM Resorts says talks with People Incorporated are over, after each weighed buying the other; MGM amended its voting deal with People, which owns ~27% of MGM

Mark Stenberg / Adweek:
A source and internal figures: Condé Nast forecasts $130M in Q4 US advertising, $35M+ below its goal; Condé Nast says the figures are “materially inaccurate”

A.J. Katz / The Wrap:
Memo: MS NOW hires former CNN chief legal affairs correspondent Paula Reid as its chief White House reporter

More News

Reuters:
India blocks Telegram until June 22 citing its use by organized “cheating rackets” to “defraud candidates” taking a national medical entrance examination
Brian Thomas / OpenRouter Blog:
OpenRouter debuts Fusion, a tool that prompts multiple AI models in parallel, claiming it can “reach and surpass Fable-level performance on deep research tasks”
Lauren Forristal / TechCrunch:
Meta debuts new AI features, including an “AI Mode” that uses Meta AI to search for answers pulled from public posts across Facebook, including Groups and Reels

Earlier Picks

Jonathan Stempel / Reuters:
A US judge dismisses xAI's lawsuit alleging OpenAI stole trade secrets, saying xAI failed to show that OpenAI induced a former xAI engineer to divulge Grok info
A.J. Vicens / Reuters:
Google says a Chinese-linked hacking group targeted US and Canadian academic, medical, and military research institutions from September 2023 to November 2025
Assiatou Hann / CNBC:
Electronic Arts launches EA Advertising, which lets brands integrate directly into gameplay through dynamic, real-time placements, including stadium signage
Samantha Subin / CNBC:
Salesforce agrees to acquire AI customer service platform Fin, formerly known as Intercom, for ~$3.6B, in a deal expected to close in Q4 of its 2027 fiscal year
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