BusinessAcquirer Rebrands Cursor as Model Layer PrevailsCursor, an AI coding IDE founded by four MIT graduates and claimed to have helped generate $4 billion in annual revenue with 50,000 enterprise customers, is being bought for $60 billion and likely rebranded.2 min read
BusinessChatGPT Business introduces Premium seats with higher quotas and flexible pricingOpenAI is adding Premium seats to ChatGPT Business that provide five times the usage of Standard seats and remove the five‑hour usage cap.3 min read
BusinessRippling sues Runlayer over MCP technology amid prior counterclaimsHR software company Rippling has filed a patent infringement lawsuit against MCP gateway startup Runlayer, months after Runlayer sued Rippling for breach of contract and idea theft.3 min read
BusinessSituational Awareness invests $400M more in chip startup Source FoundryAI-focused hedge fund Situational Awareness committed an additional $400 million this week to Source Foundry, bringing its total investment in the chip-manufacturing startup to $500 million.2 min read
BusinessOpenAI integrates NextSlide team to work on ChatGPTPresentation-startup NextSlide has joined OpenAI, and its team will now contribute to ChatGPT development.2 min read
BusinessSpotify adds paid AI music features and stokes investor concernsSpotify is developing AI-powered features — including a chatbot and tools for user-created AI remixes in partnership with Universal Music Group — that the company plans to offer as paid add-ons.2 min read
BusinessDeepSeek warns of substantial API price increases after sparking global AI cost warDeepSeek, the Chinese AI company that recently undercut rivals with very low-priced models, has signalled plans for a “significant” price increase for its API services.2 min read
BusinessGulf Investors Back AI Infrastructure Projects in Asia, Pledging Hundreds of Millions and Gigawatt-Scale CapacityInvestors from the Gulf are financing large AI-related data center projects in Asia, seeking relative stability amid geopolitical tensions and supply-chain uncertainty.2 min read
BusinessAllianz: Q2 net profit falls as IT overhaul and AI investments drive higher restructuring costsAllianz reported an 8.7% decline in second-quarter net profit to €2.595 billion, below analyst expectations, after booking sharply higher restructuring charges linked to replacing legacy IT systems for artificial intelligence–based processes.2 min read
BusinessOpenAI Publishes Defense After Apple Sued It Over Alleged Trade-Secret TheftOpenAI has publicly responded to Apple’s July lawsuit accusing the startup of obtaining confidential information through former Apple employees as it develops AI hardware.3 min read
BusinessSoftBank borrows $10 billion using OpenAI stake as collateral, repeating Masayoshi Son’s leverage strategySoftBank disclosed in its earnings report that it borrowed $10 billion from a group of global lenders with its stake in OpenAI pledged as collateral.2 min read
BusinessNaïve raises $28.5M to scale infrastructure for automated AI-run businessesNaïve, a startup that provides infrastructure allowing AI agents to set up and operate businesses, has closed a $28.5 million Series A led by Nexus Venture Partners.3 min read
