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SpaceX Acquires Cursor for $60B in Stock to Boost AI Division
The deal is supposed to help SpaceX's struggling AI division. The company told IPO investors it sees a $26 trillion addressable market in AI.
Dutch Government Blocks US Cloud Acquisition Over Public Interest Conc
The move to block the acquisition of the cloud company that hosts the Dutch digital ID service comes as Europe continues to reduce its reliance on U.S. technology.
Mach Industries Invests $50M in AI for Defense Tech
Mach says the acquisition meaningfully improves unit economics across its five vehicle programs at exactly the moment the company is starting to scale.
Coatue's New Venture: AI Data Centers Near Power Sources
Coatue, one of the biggest names in venture capital, has a new venture that is reportedly buying land near large power sources.
Meta Acquires Assured Robot Intelligence for AI Advancements
Meta bought humanoid startup Assured Robot Intelligence to beef up its AI models for robots, the company said.
China Blocks Meta's $2B Manus AI Deal After Probe
China has ordered Meta to unwind its multibillion-dollar Manus acquisition, dealing a potential setback to Zuckerberg’s push into AI agents.
Cohere Acquires Aleph Alpha for European AI Sovereignty
Canadian AI startup Cohere is taking over Germany-based Aleph Alpha with support from Lidl’s owner, Schwarz Group. With the blessing of their governments, the companies intend to offer a sovereign alternative to enterprises in an AI landscape dominated by American players.