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AI & Enterprise

Oracle adds agentic app development environment to AI Agent Studio

Oracle said on Wednesday it has added a new AI-native builder environment to its AI Agent Studio, enabling customers to develop and operate AI agentic apps within its Fusion Applications enterprise suite. The new environment integrates no-code, low-code and pro-code development in a single Fusion-native framework. It supports natural-language app building, developer tools including Visual Studio Code and CLI, and AI coding tools such as OpenAI Codex and Anthropic Claude Code.

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.