circular AI deals are getting out of control, and risky investments are getting more risky...
SpaceX is becoming "AI company" to save xAI grand investments in data centers and GPUs,
xAI is "bailing out" X (twitter) to get access to data,
and now Cursor, effectively a fine-tuned (free) VS Code + AI Agents is added to the pool
for $60B evaluation...
And Cursor is preferred tool for Nvidia, too, that benefits the most from data centers sales...
Yes, they are all excellent tech companies and people, but as investments that is very, very risky.
And most of stock market now is based on foundations like this...
"Brave new world..."
"what can go wrong?" or "what can go right?"
SpaceX is working with Cursor and has an option to buy the startup for $60B | TechCrunch
SpaceX said it has struck a deal with Cursor to develop a next-generation “coding and knowledge work AI,” which includes a surprising provision — an option to buy the popular software development platform for $60 billion later this year.
Partnering with and potentially purchasing a leader in the hottest AI product category can only be seen in the context of SpaceX’s much-anticipated public offering. Investors seeking more value in the IPO might see its engagement with Cursor as another way to extract value from Elon Musk’s increasingly sprawling tech conglomerate.
AI Ads in Chatbots, Apple CEO Transition, & NSA-DoD Rift
Elon Musk's space and AI empire is making a major play in the coding AI market. SpaceX announced a partnership with Cursor to build a next-generation AI for coding and knowledge work, with an option to either pay the startup $10 billion for the work or acquire it outright for $60 billion later this year. The deal pairs Cursor's developer distribution with SpaceX's Colossus supercomputer — claimed to match the compute of a million Nvidia H100s — and follows xAI recently renting compute to Cursor and hiring away two of its senior engineering leaders.
No comments:
Post a Comment