Bending Spoons to Buy Miro at Nearly 90% Discount to 2022 Valuation
Bending Spoons agreed to acquire Miro at a $1.355 billion enterprise value, nearly 90% below the collaboration platform’s $17.5 billion valuation in 2022.
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OpenAI to Cut Cursor Access to Its AI Models Following SpaceX Acquisition
OpenAI plans to end its partnership with Cursor and cut direct access to its AI models following the coding platform’s acquisition by SpaceX.
Bending Spoons to Acquire Airtable for $1.285 Billion After $11 Billion Valuation Peak
Bending Spoons has agreed to acquire Airtable for $1.285 billion in cash, buying the enterprise software company at a steep discount to its $11 billion valuation during the 2021 technology boom.
SpaceXAI Launches Grok 4.5, Its First AI Model Built for Agentic Work
By
Emma Clarke
• 3 mins read
SpaceXAI has launched Grok 4.5, its most advanced AI model yet, designed for coding, agentic tasks, and knowledge work with availability through Grok Build, Cursor, and the API.
Honda, Nissan and Mitsubishi Deepen Alliance to Compete With Chinese Automakers
By
Emma Clarke
• 3 mins read
Honda, Nissan, and Mitsubishi are expanding their partnership by sharing software, electronic systems, and components in an effort to cut costs and better compete with rapidly growing Chinese automakers.
EPAM Shares Plunge 89% From Peak as AI Shift Reshapes IT Services Sector
By
Sophia Reynolds
• 1 min read
EPAM shares have dropped about 89% from their all-time high as slowing growth and AI-related concerns weigh on investor sentiment.
SpaceX-Cursor Deal Creates Four Multibillionaires in Their Mid-20s
By
Oleg Petrenko
• 2 mins read
SpaceX’s $60 billion acquisition of Cursor developer Anysphere has turned four MIT classmates in their mid-20s into multibillionaires almost overnight.
SpaceX to Acquire Cursor Developer Anysphere in $60 Billion All-Stock Deal
By
Emma Clarke
• 2 mins read
SpaceX agreed to acquire Anysphere, the developer of AI coding tool Cursor, in a $60 billion all-stock merger through subsidiary X67 Inc.
ClickHouse Reaches $250 Million ARR as Database Company Eyes IPO
By
Emma Clarke
• 2 mins read
ClickHouse tripled its annual recurring revenue to $250 million over the past year as the database company prepares for a potential IPO in the coming years.
SpaceX Reportedly Plans $60 Billion Acquisition of AI Startup Cursor After IPO
By
Emma Clarke
• 2 mins read
SpaceX is reportedly planning to acquire AI startup Cursor for $60 billion roughly 30 days after its expected IPO, signaling a major expansion into artificial intelligence software.
OpenAI Launches GPT-5.5 With Focus on Agentic Coding and Efficiency Gains
By
Daniel Wright
• 2 mins read
OpenAI released GPT-5.5 with improved efficiency and a focus on agentic coding, though higher pricing reflects its expanded capabilities.
Adobe Announces $25 Billion Buyback as It Moves to Reassure Investors on AI Strategy
By
Oleg Petrenko
• 2 mins read
Adobe unveiled a $25 billion share buyback program as it seeks to boost investor confidence while expanding its AI-driven product suite.
AI Disruption Fears Trigger Selloff in U.S. Software Stocks
By
Sophia Reynolds
• 3 mins read
U.S. software stocks are tumbling in 2026 as investors fear sudden AI breakthroughs could render established products obsolete. The sector’s slide has accelerated despite steady earnings, with major names posting double-digit losses.
EPAM Plunges 20% After Outlook Disappoints, Worst Performer in S&P 500
By
Sophia Reynolds
• 2 mins read
Shares of EPAM Systems fell 20% after the IT services firm issued a cautious 2026 outlook, overshadowing better-than-expected quarterly results. The drop marked the worst performance in the S&P 500 for the session.