Techmeme
June 17, 2026, 12:30 AM

Top News

Reuters:
SpaceX agrees to acquire Cursor in an all-stock deal 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) is buying the startup behind the popular AI coding agent Cursor, Anysphere, for $60 billion in an all-stock deal …
CNBC:
Sarah Perez / TechCrunch:
Google launches Android 17 and Wear OS 7, available 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:
Harry McCracken / Fast Company:
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 …
Z.ai:
Z.ai debuts GLM-5.2, saying the open-weights AI model brings improvements to agentic coding and long-horizon tasks, with a 1M context window and an MIT license  —  We're introducing GLM-5.2, our latest flagship model for long-horizon tasks.  It marks a substantial leap in long-horizon task capability …
Reuters:
Sources: Binance is set to lose permission to serve EU clients from July as its license application, made to Greece's market regulator, is about to be rejected  —  Binance, the world's largest crypto exchange, is set to lose permission to offer services to European Union clients within weeks …
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 …
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 …
James Franey / New York Post:
Sources: the Trump administration won't let G7 countries regain access to Mythos 5 as doing so would be “completely illogical”; the UK requested a “carve-out”  —  ÉVIAN-LES-BAINS, France — The Trump administration won't allow G7 member countries to regain access …
Mitchell Armentrout / Chicago Sun Times:
Illinois Governor JB Pritzker signs a state budget that levies taxes on social media giants, digital advertising, and prediction and crypto markets  —  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.
David Voreacos / Bloomberg:
A look at Wyoming's Frontier Stable Token, which launched in January and currently has a market value of ~$1M, as other states explore “white labeling” the tech  —  The state, home of Yellowstone and a refuge of the rich, has become the first in the US to issue its own cryptocurrency.
Jordan Novet / CNBC:
Databricks says annualized revenue rose 80%+ YoY to $6.9B, up from $5.4B in Q4; CEO Ali Ghodsi says higher AI agent usage is increasing costs, lowering margins  —  Databricks has a unique role in the AI boom.  Revenue continues to soar as businesses swarm to the company's data analytics tools.
More: SiliconANGLE
Ina Fried / Axios:
Microsoft is moving Copilot Cowork to usage-based pricing as it expands its access 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 …
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.
Ben Weiss / Fortune:
Sources: PayPal plans to close its 10-year-old PayPal Ventures arm amid new CEO Enrique Lores' shakeup 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.
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 …

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Reuters: