SpaceX is set to acquire Cursor, an AI coding startup founded in 2022, for $60 billion in stock. Cursor has already hit $1 billion in annualized revenue as of last November, thanks to rapid user growth around its autocomplete-style coding tool. Details on its customer roster and revenue breakdown remain under wraps. The deal hinges on regulatory approval and should close in the third quarter. Apple is working on camera-equipped AirPods, aiming for a late-2027 launch alongside a new foldable iPhone and a special 20th-anniversary model. All three devices are deep into development. This product wave could mark Apple’s most ambitious rollout yet. Meanwhile, Genesis AI—the robotics startup backed by ex-Google CEO Eric Schmidt—unveiled Eno, a general-purpose robot capable of reasoning and adapting beyond scripted commands. They’ve partnered with LG’s consulting arm to field industrial deployments by year’s end and are raising fresh capital. On the software side, AWS upgraded S3 with annotations: you can now attach up to 1,000 metadata entries per object (1 MB each) in formats like JSON or XML, and edit or delete them without rewriting data. In contrast, Meta’s engineering culture is unravelling. Once lauded for its “move fast and break things” ethos, the company has shifted gears since April, sparking confusion and morale issues as leadership restructures teams and scrambles to hit business targets. Regulatory tension bubbles over AI models. Anthropic and White House officials are racing to resolve security worries that led to restrictions on Anthropic’s latest systems—triggered by an Amazon-researcher–identified guardrails bypass. And behind the scenes, leaked audited statements show OpenAI posted $13.07 billion in revenue in 2025 but burned $19.18 billion in expenses, widening its losses from $4.1 billion in 2024 to $6.1 billion last year. The company still aims for profitability by 2030.