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June 16, 2026, 9:00 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 …
CNBC:
SpaceX closed up 4.8% on Tuesday with a $2.65T market cap, just above Amazon's, after popping ~12% intraday and briefly overtaking Microsoft's $2.93T market cap
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.
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
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 …
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
Z.ai:
Z.ai debuts GLM-5.2, saying it has significant improvements for coding, agentic, and long-horizon tasks, with a 1M context window and MIT-licensed open weights  —  We're introducing GLM-5.2, our latest flagship model for long-horizon tasks.  It marks a substantial leap in long-horizon task capability …
James Franey / New York Post:
Sources: the Trump administration won't allow G7 countries to regain access to Mythos 5 as doing so would be “completely illogical”; UK requested a “carve-out”  —  ÉVIAN-LES-BAINS, France — The Trump administration won't allow G7 member countries to regain access …
Leo Schwartz / The Information:
Anthropic says its senior leaders met Trump administration officials on Monday, didn't reach a resolution, and both sides are working to resolve things quickly
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 Partzstaff / 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 …
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.
Benoit Berthelot / Bloomberg:
France plans €655M in AI investments through 2030 and a Mistral-based chatbot for state workers; its spy service will drop Palantir for French firm ChapsVision  —  France's domestic intelligence agency, DGSI, will replace Palantir Technologies Inc. data tools with a local alternative …
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 …
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.
Ben Weiss / Fortune:
Sources: PayPal to shutter its 10-year-old PayPal Ventures arm amid a broader shakeup under a new CEO and has hired Jefferies to explore selling some positions  —  PayPal is shuttering its 10-year-old venture team amid a broader corporate shakeup, according to five sources familiar with the matter.
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.
Politico:
Many US lawmakers said this week they had not been formally briefed on Trump's Fable 5 move, including Ted Cruz, whose commerce committee can shape AI policy  —  Members of both parties said they now see an opening to mobilize their colleagues around legislation that would reclaim congressional authority …
Mitchell Armentrout / Chicago Sun Times:
Illinois Gov. JB Pritzker signs a state budget with new taxes on social media giants, digital ads, and prediction and crypto markets, all likely facing lawsuits  —  The eighth state spending plan of Pritzker's tenure includes additional funding for food assistance in the wake of deep federal funding cuts under President Donald Trump.
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) …
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.”
Forums: r/TrueAnon

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From Mediagazer

Minho Kim / New York Times:
Sarah B. Rogers, Trump's nominee to lead USAGM, says she would reinstate some agency employees; if confirmed, she would still serve in the State Department

Wall Street Journal:
UMG shares fall 25%, the record company's worst day since its 2021 IPO, following disappointing Q2 results; UMG is down 40%+ over the past 12 months

Gene Maddaus / Variety:
Swiss film producer Simon Afram sues Netflix for $105M, saying Netflix lost an unencrypted copy of a film starring Nicolas Cage that he spent $45M to produce

More News

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

Earlier Picks

Emele Onu / Bloomberg:
Ripple acquires a stake in Flutterwave as part of the African payments startup's Series E, valuing Flutterwave at $3.2B
Reuters:
India blocks Telegram until June 22, citing its use by organized “cheating rackets” to “defraud candidates” taking a national medical entrance exam on June 21
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
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
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