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AI & Enterprise

SpaceX confirms Cursor acquisition in $60 billion deal four days after IPO

SpaceX said it will acquire AI coding startup Cursor in a $60 billion deal. It filed an 8-K with the U.S. Securities and Exchange Commission and signed a merger agreement with Cursor parent Anysphere. The transaction will be an all-share exchange, with Cursor shares converting into SpaceX Class A common stock. SpaceX expects to close the deal in the third quarter, subject to conditions including regulatory approvals.

AI & Enterprise

Microsoft joins AI race with in-house models, bets on very low prices

Microsoft unveiled its in-house AI coding model, MAI-Code-1-Flash, at its annual Build developer conference in San Francisco. The model generates application and website source code from text descriptions and can be used in GitHub Copilot and Visual Studio Code. Microsoft also introduced the reasoning model MAI-Thinking-1, which it described as a mid-sized model with lower token costs. MAI-Thinking-1 will be offered in private preview through Microsoft Foundry.

AI & Enterprise

Microsoft unveils Surface RTX Spark Dev Box desktop for AI development

Microsoft unveiled the Surface RTX Spark Dev Box, a desktop supercomputer for developing AI agents, at its annual Build developer conference on June 2. The company said the device offers up to 1 petaflop of AI computing performance and 128 gigabytes of unified memory, and can run models with up to 120 billion parameters under 4-bit quantisation. Microsoft plans to launch the product in the United States within this year.