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June 16, 2026, 2:40 PM
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Reuters:
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
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 …
Financial Times:
Docs: OpenAI's net loss grew from $5B in 2024 to ~$39B in 2025, a source says due to a $30B non-cash accounting charge linked to its previous structure  —  Audited figures reveal mounting costs from model development, infrastructure and rapid expansion  —  OpenAI spent $34bn last year …
Leo Schwartz / The Information:
Anthropic says its senior leaders met Trump administration officials on June 15, didn't reach a resolution, and both sides are working to resolve things quickly
Mark Gurman / Bloomberg:
Sources: Apple's AirPods with cameras for AI are scheduled to launch in 2027 alongside the 20th anniversary pro iPhones and a second-generation foldable iPhone  —  Apple Inc.'s upcoming camera-equipped AirPods, a product meant to vault the company into the AI device market …
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.
Jay Peters / The Verge:
Snap unveils $2,195 Specs, its first AR glasses that are “fully standalone” and have a 51-degree field of view, expected “this fall” in the US, UK, and France  —  The new Specs are priced at $2,195, and you can preorder them starting today.
Harry McCracken / Fast Company:
A look at Specs, which have a battery life of up to four hours per charge, and an interview with Snap CEO Evan Spiegel about the AR glasses
Sarah Perez / TechCrunch:
Google launches Android 17 and Wear OS 7, first on Pixel devices, with support for the latest AI models, a bubble bar UI, and live updates on Wear OS  —  Google on Tuesday released the final version of its Android 17 operating system, as well as its counterpart for smartwatches, Wear OS 7.
Aisha Malik / TechCrunch:
Meta says Threads now has 500M MAUs, adds a “Your Algo” tool that lets users privately control what they see in their feed, and launches Communities out of beta  —  Nearly three years after launching as a competitor to Twitter (now X), Threads has reaches 500 million monthly active users, the company announced Tuesday.
Ashley Stewart / Business Insider:
Sources: Microsoft is adding AWS capacity to GitHub after AI-driven growth strained its infrastructure and contributed to dozens of major GitHub outages in 2026  —  Microsoft is turning to its biggest cloud rival, Amazon, to help address capacity issues on its GitHub coding platform following …
Reuters:
Sources: Binance is set to lose permission to offer services to EU clients from the start of July as its application for a license is about to be turned down  —  Binance, the world's largest crypto exchange, is set to lose permission to offer services to European Union clients within weeks …
Helen Partz / Cointelegraph:
Robinhood CEO Vlad Tenev says the company is “proactively” reducing its full-time workforce by ~10%, or ~290 employees, in a “flattening” of its org structure  —  Cointelegraph is committed to independent, transparent journalism.  This news article is produced …
Ina Fried / Axios:
Microsoft is moving Copilot Cowork to usage-based pricing and is considering a Microsoft-hosted version of DeepSeek as a cheaper option  —  Microsoft is moving Copilot Cowork to usage-based pricing as it expands access to the enterprise AI tool — and is considering a Microsoft-hosted version of DeepSeek as a cheaper model option.
The Information:
Sources: DeepSeek closed a ~$7.4B round at a $50B+ valuation under an unusual structure requiring investors to put capital into an LP run by CEO Liang Wenfeng  —  Chinese AI lab DeepSeek has closed its first funding round that raised more than 50 billion yuan ($7.4 billion) …
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 …
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.”
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 …
Emele Onu / Bloomberg:
Ripple acquires a stake in Flutterwave as part of the African payments startup's Series E, valuing Flutterwave at $3.2B  —  Flutterwave Inc., one of Africa's most valuable financial-technology startups, sold an equity stake to Ripple, as it seeks to accelerate growth through payments expansion and strategic partnerships.
Sara Fischer / Axios:
Letter: Hightouch, an ad tech startup recently valued at $2.75B, offers to buy LiveRamp's identity business from Publicis for $800M to $1.2B in cash and stock  —  Hightouch, an ad tech startup recently valued at $2.75 billion, has offered to buy LiveRamp's identity business from ad holding group Publicis …
David Heaney / UploadVR:
Qualcomm announces Snapdragon Reality Elite, its new flagship XR chipset, debuting in the compute puck of Xreal's Aura Android XR device this fall  —  Qualcomm just announced Snapdragon Reality Elite, its new flagship XR chipset, and it will debut in the compute puck of Xreal's Aura Android XR device this fall.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:40 PM 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

Brian Steinberg / Variety:
Consultancy Madison & Wall estimates a combined Fox and Roku would capture 14% of all US TV ad revenue and 16% of US streaming ad revenue

Nieman Lab:
RISJ's 2026 Digital News Report: social media and video networks are now more popular as a source of news than TV and owned and operated news websites and apps

Wall Street Journal:
Sources: the DOJ closed an investigation of Paramount's bid for WBD before career staffers who were concerned about the acquisition had an opportunity to object

More News

Earlier Picks

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
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”
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
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