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SpaceX to acquire the AI coding startup Cursor for $60 billion

Article

SpaceX to acquire the AI coding startup Cursor for $60 billion

SpaceX announced it will acquire the AI coding startup Cursor for $60 billion in an all stock transaction. The Cursor deal could bolster SpaceX efforts to compete with rivals like Anthropic and OpenAI, which offer popular coding tools. SpaceX expects the merger to close during the third quarter of this year, according to a filing

1 min read A Admin

SpaceX has announced its plan to acquire the AI coding startup Cursor for $60 billion in an all-stock transaction. The deal is expected to strengthen SpaceX’s capabilities in the AI space and help it better compete with rivals such as Anthropic and OpenAI...

Professional thumbnail showing an Oracle PeopleSoft login screen on a laptop in a dark office, with a security analyst at multiple monitors in the background and the headline “PeopleSoft 0-Day.”

Article

ShinyHunters’ PeopleSoft Campaign Shows Why Enterprise Software Is the New Breach Front Door

ShinyHunters is accused of exploiting an Oracle PeopleSoft zero-day to target more than 100 organizations, with higher education making up a large share of victims. The campaign shows why enterprise platforms that manage HR, payroll, finance, and student administration have become high-value targets for extortion groups.

6 min read A Admin

ShinyHunters’ latest campaign against Oracle PeopleSoft is not just another software vulnerability story. It is a reminder that the most valuable attack surface inside many organizations is not the public website, the email inbox, or the employee laptop. It...

Vibe-coding phenomenon lifts AI startup Supabase to $10.5 billion valuation

Article

Vibe-coding phenomenon lifts AI startup Supabase to $10.5 billion valuation

Database startup Supabase announced a $500 million funding round that values the company at $10.5 billion, including the fresh capital.

1 min read A Admin

Vibe coding needs infrastructure. Supabase is trying to provide it. The startup, which makes back-end tools for building artificial intelligence apps, said on Thursday that it raised $500 million at a valuation of $10.5 billion, the latest sign that venture...

Artificial intelligence is rapidly reshaping the legal field

Article

Artificial intelligence is rapidly reshaping the legal field

Law firms are hiring talent from the tech industry as they integrate AI and even develop bespoke tools for clients. They're adapting their pricing models, in some cases offering a choice between services provided by AI and full-fledged legal advice from human lawyers. Firms are also contemplating how to restructure as they turn over routine tasks to AI and need fewer junior associates.

1 min read A Admin

Artificial intelligence is compelling major law firms to fundamentally rethink and transform their longstanding business models and traditional ways of operating. In 2021, Volkswagen AG approached the prominent international law firm Freshfields Bruckhaus...

Hackers hijacked Instagram accounts by tricking Meta AI support chatbot into granting access

Article

Hackers hijacked Instagram accounts by tricking Meta AI support chatbot into granting access

Instagram has resolved a security issue that allowed several users’ accounts to get hacked. The attack appeared to rely on tricking Meta’s own AI-powered support chatbot into granting access to a victim’s account.

1 min read A Admin

Security researcher Jane Wong revealed that her Instagram account was compromised. “The password got changed without my knowledge and I was getting different password reset attempts throughout yesterday,” Wong said. “Quite concerning.” A video...

Zcash plummets 58% as Claude reveals a major bug that went undetected for four years

Article

Zcash plummets 58% as Claude reveals a major bug that went undetected for four years

Shielded Labs revealed that the bug could have helped an attacker print unlimited counterfeit tokens. That could have damaged trust in the token's supply and its value.

1 min read A Admin

Privacy-focused cryptocurrency Zcash dropped sharply after Shielded Labs disclosed a serious vulnerability in its Orchard shielded pool that could have allowed unlimited, undetectable counterfeit token creation. The critical bug had been present since the...

AWS builds search system for AI's 'bursty workflows'

Article

AWS builds search system for AI's 'bursty workflows'

Amazon Web Services has launched OpenSearch Serverless, a new search and vector database tailored for AI agents. The new system allows for instant scaling based on demand, reducing costs when idle, the company says. As AI agents become more common, with predictions of machine-generated traffic exceeding human traffic by 2027, cloud providers are rethinking their infrastructure. The new service decouples compute from storage, aiming to enhance efficiency and resource management for enterprises deploying AI solutions.

1 min read A Admin

Amazon Web Services has officially launched OpenSearch Serverless, a fully managed search and vector database designed specifically for AI agents and generative AI workloads. The new service offers instant scaling based on real-time demand, automatically...

Blue Origin's New Glenn rocket explodes during test

Article

Blue Origin's New Glenn rocket explodes during test

Blue Origin faced a "major setback" during a hot-fire test of its New Glenn rocket Thursday, which exploded into a massive fireball on a Florida launchpad. The company confirmed that all personnel were safe. The test is part of Blue Origin's efforts to develop a competitive rocket and occurred just days after NASA awarded the Jeff Bezos-led company a $188 million contract to land rovers on the moon's surface. Rival SpaceX carried out a mostly successful test of its next-generation Starship rocket last week.

1 min read A Admin

Space stocks dropped sharply on Friday after Blue Origin’s New Glenn rocket exploded during a test on a Florida launchpad. The incident served as a stark reminder of the high risks in the space industry. Investors have been pouring into space-related stocks...