SpaceX Completes Acquisition of AI Coding Startup Cursor
SpaceX has finalized its $60 billion acquisition of Cursor, an AI coding startup, following a deal announced in April.
Business
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The business of AI — funding rounds, acquisitions, enterprise adoption, and market moves. Who is investing, who is partnering, and how AI is reshaping company strategy and the wider economy.
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Nvidia Shrinks OpenAI Investment Amid Investor Pressure
Nvidia reduced its initial guarantee to OpenAI from $250 billion to nearly $120 billion due to investor concerns.
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AI-Generated Books Flood Amazon, Tank Human Authors' Sales
A study of 14,419 self-published books reveals AI-generated titles are displacing human authors, with AI content accounting for 20% of the catalog but just 12.1% of sales.
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Indonesia Launches First University-Based AI Tech Center with NVIDIA
Indonesia's Ministry of Communication and Digital Affairs, Indosat, NVIDIA, and UGM launched the UGM Indosat NVIDIA AI Technology Center, the country's first university-based AI center, to address national challenges through AI innovation.
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Hyperscalers May Regret Embracing Natural Gas for AI Data Centers
Natural gas prices could triple in some U.S. regions by 2027, according to Noreva, as hyperscalers expand their reliance on the fossil fuel for AI data centers.
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IBM Partners With OpenAI to Expand Enterprise AI Offerings
IBM announced a partnership with OpenAI to integrate the latter’s AI models into its consulting services, aiming to enhance enterprise AI adoption.
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OpenAI Names Dali Rajic New CRO Amid Leadership Changes
OpenAI has replaced its chief revenue officer after nine months, appointing Wiz’s Dali Rajic to lead sales as the company continues reshuffling its executive team.
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OpenAI Appoints Dali Rajic as Chief Revenue Officer
OpenAI announced on August 13, 2026, the appointment of Dali Rajic as Chief Revenue Officer to lead its global revenue organization.
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Anthropic Could Be Worth $2 Trillion When It Goes Public
Anthropic, the AI startup, could float at a $2 trillion valuation in October, surpassing SpaceX's IPO and becoming the largest ever.
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Apple in Talks to Pay Publishers for Siri Current News Access
Apple is in talks to pay publishers for content to power its upcoming Siri AI, according to a report, with proposed payments potentially reaching a nine-figure budget.
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Twitch users can now opt out of Amazon AI training
Twitch users can now opt out of Amazon using their content to train generative AI models, a change announced after two years of use.
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Amazon Will Train On Twitch Streamers' Content By Default
Amazon will use Twitch streamers' content to train generative AI models by default, unless creators opt out, according to the platform.