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1 week agoSpaceX is working with Cursor and has an option to buy the startup for $60 billion | TechCrunch
SpaceX has partnered with Cursor to develop AI, with an option to buy the company for $60 billion later this year.
Bubbles are good. If AI comes crashing down, it will lead to some spectacular failures—companies will go under and people will lose their jobs—but that's a price tag worth paying for enduring companies that change the world forever.
Amazon is investing $50 billion and striking a deal that includes custom models for it to use with Alexa. AWS will be a third-party provider of OpenAI Frontier, its enterprise-facing platform for building, deploying, and managing AI agents that will run on Amazon's Trainium chips. Amazon is investing just $15 billion up front, with the additional $35 billion being delivered as certain milestones are met.
Best investment you don't have access to is TikTok, Galloway began. Oh, yeah. Did you get yours? Have you gotten in there yet?' Swisher asked. Well, no, I'm a Democrat. So it's going to Dell, some Saudi person, I forget who it's going to, but it's not going to anyone who wants it or anyone who's a Democrat. But they're basically, Trump's forcing them to sell it for 14 billion, Galloway replied, adding:
Alphabet's Google has billions of people worldwide who use its services like Search, Gmail, and YouTube every day. It generates loads of cash from advertising revenue that is fueling investments in artificial intelligence (AI). You would think a business in Google's competitive position would trade at more than 23 times next year's expected earnings. This is a lower price-to-earnings multiple than the S&P 500, which makes Alphabet an incredible value right now.