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SpaceX is paying $60 billion in stock to buy Cursor, an AI coding startup that hit over $1 billion in annualized revenue just last November. The deal, which still needs regulatory approval, should close in the third quarter. SpaceX hasn’t shared Cursor’s customer list or growth metrics yet, but the price tag underscores how hot AI development tools have become.
Apple is planning camera-equipped AirPods for late 2027, shipping alongside a foldable iPhone and a special 20th-anniversary model—all reportedly in advanced development. On the hardware front, Genesis AI (backed by ex-Google CEO Eric Schmidt) just unveiled Eno, a general-purpose robot that reasons and adapts to tasks outside preset scripts. They’re teaming up with LG’s services arm to roll Eno out to industrial users before year’s end. Meanwhile, Snap will release its $2,195 AR glasses, Specs, in the US, UK and France later this year, betting on shared real-world computing after its original Spectacles never took off.
In cloud tech, AWS added annotations to S3 objects, letting you tag up to 1,000 metadata entries per file, each up to 1 MB in formats like JSON or XML, without rewriting the data. On the AI policy front, Anthropic and officials from the Trump administration are negotiating over access restrictions to Anthropic’s latest models after a security bypass was found. And behind the scenes at the big AI labs, leaked financials show OpenAI’s revenue jumped from $3.7 billion in 2024 to $13.07 billion in 2025—but expenses more than doubled, driving losses from $4.1 billion to $6.11 billion and raising questions about its 2030 profitability target.
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