Tech
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Exclusive: PayPal winds down venture arm as fintech giant restructures under new CEO
PayPal is shuttering its 10-year-old venture team amid a broader corporate shakeup, according to five sources familiar with the matter. The fund’s headcount has shrunk from more than 10 in late 2025 to now only two, according to an archived version of the website for PayPal Ventures. Meanwhile, the page that listed the venture unit’s…
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SpaceX’ surging stock paid for the $60 billion Cursor acquisition in just a few hours of trading—and it reveals Elon Musk’s new power
SpaceX’s stunning IPO pop has driven Elon Musk’s net worth to astronomical levels. It’s also given him an extraordinary business tool: a supercurrency for mergers and acquisitions. Musk demonstrated the power of that currency on Tuesday when SpaceX announced its acquisition of AI coding startup Cursor for $60 billion in stock. Some say the deal…
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Anthropic’s IPO pitch has a new problem: the government can shut it down
Anthropic has filed confidentially to go public as soon as this fall, pitching investors on a single thesis: that it leads the enterprise AI market and intends to transform the world with it. But it has a problem that just won’t go away: the U.S. government becoming its outright adversary. For a company carrying a…
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The shutdown of Anthropic’s Mythos model sparks a global scramble for sovereign AI
On Friday, when the U.S. government pulled the plug on global access to Anthropic’s most powerful AI models, it confirmed some of Europe’s worst fears. For the first time, Washington had effectively used what some had dubbed a “kill switch”—the ability to cut off foreign access to U.S. AI systems. Politicians around the world responded…
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Cursor’s 25-year-old CEO is a former Google intern who just cemented a $60 billion deal with SpaceX
Cursor’s 25-year-old CEO, Michael Truell, helped take the AI coding company from a college passion project to a $60 billion acquisition by Elon Musk’s SpaceX. SpaceX announced this week it will move forward with its $60 billion acquisition of Cursor. In April, SpaceX said it had the rights to buy Cursor, or pay $10 billion…
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AI won’t transform your business—until you redesign work itself
As businesses rush to adopt AI, many of the most pressing questions organizations are asking are focused on people. Should systems be designed as human-in-the-loop or human-in-the-lead? How should you tackle your staff’s fears about AI-driven layoffs? How do you make sure your employees work seamlessly with your AI agents? One answer is to have an AI-people strategy…
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Exclusive: Voice AI startup Bland raises $50 million after being rejected by 180 investors
Isaiah Granet was rejected by 180 investors in three weeks during Y Combinator. Their reason: phone calls won’t exist in a year. He’s raised more than $100 million to prove them wrong. Bland, the San Francisco voice AI company Granet co-founded in 2023 with Sobhan Nejad, closed a $50 million Series C led by Dell…
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Two mayors, one $10 billion AI data center, and a growing divide in small-town Texas
The lives of Jim Jaska, the 80-year-old mayor of Ross, Texas, and Mayor Charles Wilson, 65, of the nearby town of Lacy Lakeview, have long been deeply intertwined. Wilson’s mother worked alongside Jaska for years in the local public schools. Their ancestors are buried in the same cemetery in Ross. Jaska was even Wilson’s football…
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Agentic AI systems are doing more and more work. Now humans need to figure out how to verify it all
From hallucinations to rogue agents, there are some very clear risks that come with using AI. And yet, most businesses cannot afford to sit out the AI revolution. Managing this thorny reality is a fundamental challenge for business leaders today, and executives at several leading companies came together to share their insights and experience at…
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Top analyst: 71% of SpaceX’s $2 trillion value rests on AI. Grok’s numbers are ‘almost comical’ by comparison
SpaceX’s $1.77 trillion IPO was, by any measure, historic. Whether it was justified is a different question. Keith Snyder, a senior equities analyst at the Center for Financial Research and Analysis, says he can only match SpaceX’s current $2 trillion market cap by factoring in “almost comical growth for AI” — and still falling short.…