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Cursor Is Developing an AI Agent to Compete With Claude Cowork

Cursor is developing a general-purpose AI agent meant to compete with popular tools like Anthropic’s Claude Cowork, two people familiar with the project said, part of a broader push by the company to diversify beyond coding-focused tools. Work on the new agent began after Cursor started leasing compute capacity in April from SpaceX’s AI unit, known as SpaceXAI, the people said, and comes ahead of SpaceX’s planned $60 billion acquisition of Cursor. The new agent could buttress the enterprise...

Coinbase Chief Legal Officer Paul Grewal to Step Down

Grewal fought SEC’s lawsuit against Coinbase and led negotiations over crypto laws.

OpenAI Unveils Claude Cowork Competitor, Desktop ‘Superapp’

After realizing that its Codex AI coding tool is better than ChatGPT at completing long-running, multistep tasks, OpenAI is giving the product a bigger role.

Anthropic’s Trust Names Former Fed Chair Bernanke as New Member

Bernanke's naming fills a key opening on the trust, which still has one of five seats vacant.

Meta Courts Developers With New Muse Spark 1.1 Model

Company launches new Meta Model API for developers after pivoting away from open source AI.

Anthropic Responds to China’s ‘Backdoor’ Warning

While Beijing warned about a security backdoor in Claude Code, Anthropic noted that its usage policy doesn’t permit access to Claude in China.

Exclusive: Grubhub Owner Offers Investors Sweeteners in $9 Billion-Valuation Raise

Founder and CEO Marc Lore has indicated he’ll write a $200 million check into the round, according to a person briefed on the fundraise.

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BofA Extends $520 Million Loan to OpenAI

The bank had sat out OpenAI's 2024 credit line.

SpaceXAI and Cursor Launch Grok 4.5, Tout Lower Costs Than Rivals

Grok 4.5 is the first joint AI model that SpaceXAI and Cursor have developed through their partnership.

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Blue Origin to Raise $10 Billion at $130 Billion Valuation

The round, the first outside funding in its history, will be led by Coatue.

Exclusive: China’s MiniMax Plans to Launch 2.7-Trillion Parameter Model

The new model could help accelerate the expansion of Chinese open-source AI models around the world.

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OpenAI To Publicly Launch GPT-5.6 Family of Models on Thursday

The announcement comes after the Trump Administration initially asked OpenAI to release the new models in a limited fashion over cybersecurity concerns. 
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