Grace Kay

Cursor is building a general purpose AI agent designed to compete directly with Anthropic’s Claude Cowork, The Information reported.Cursor began working on the product after it started leasing compute from SpaceX’s AI unit in April, two people familiar with the project said. Last month, SpaceX agreed to acquire Cursor in a transaction that values the company at $60 billion and the two

Cursor, the coding startup set to be acquired by SpaceX for $60 billion later this year, has been mapping out a major transformation. Michael Truell, Cursor’s CEO, told staff in a companywide meeting in May that the company aims to become a top-tier AI model developer, according to three people ...

Tesla’s revenue jumped 26% year over year in the second quarter, boosted by its vehicle deliveries and the company’s energy business.Even as the company generated more cash from its day-to-day business, it spent heavily on new manufacturing capacity and AI projects, sending its free cash flow into the negative. Tesla’s capital expenditures more than doubled from a year earlier to nearly $5.8

SpaceX’s second-quarter earnings showed how the company is spending heavily to build up its AI business, even as the company reported $7.8 billion in revenue, up 92% from the previous year.SpaceX’s revenue was primarily driven by its Starlink satellite internet service and AI business. The company also reported more than $18.3 billion in capital expenditures during the second quarter, the

Cursor told staff at an all-hands meeting on Thursday that SpaceX could complete its $60 billion acquisition of the coding startup as soon as the end of next week, and flagged that the Cursor brand name will likely be phased out for new products in the coming months, people familiar with the ...

The Roadster Tesla unveils later this year will look different from the sports car the company first showed off almost a decade ago. The company has explored several different designs since 2017, including designs reminiscent of a Lamborghini Countach and a Lockheed SR-71 Blackbird aircraft, The Information reported.The hypercar has been delayed at least eight times since Tesla unveiled a

Tesla has told staff it is gearing up for a public launch of the Cybercab, its first vehicle designed without a steering wheel or brake pedal, intended for its autonomous ride-hailing service, Robotaxi. The company aims to start with a public rollout in Austin, Texas. It plans to launch the ...

Tesla teased a launch event for its Cybercab on Monday night. That would mark the company’s public debut of its first vehicle designed without a steering wheel or brake pedal and intended for its autonomous ride-hailing service.The company said in a post on X that customers of its Robotaxi service could be eligible for attending the event by completing as many rides as possible by Aug. 23