SpaceX has exercised the option to acquire Cursor in an all-stock transaction with the goal of building the world’s most useful AI models.

For the past few months, SpaceXAI has been jointly training a model with Cursor, which will be released in Cursor and Grok Build soon.

• Cursor is being valued at $60 billion
• Cursor will become a wholly owned SpaceX subsidiary
• Cursor shareholders will receive SpaceX Class A shares
• The exchange ratio will be based on SpaceX’s 7-day average share price before closing
• Subject to regulatory approvals and customary closing conditions
• Expected to close in Q3 2026

Source: SpaceX

Razorpay was last valued at $7.5 billion.

The payments company has taken board approval to raise Rs 2,700 crore ($285 mn) in primary capital in addition to offer for sale.

The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.

Anthropic statement:

We received the directive from the government today at 5:21pm (ET). The letter did not provide specific details of its national security concern. Our understanding is that the government believes it has become aware of a method of bypassing, or “jailbreaking” Fable 5. We reviewed a demonstration of this specific technique being used to identify a small number of previously known, minor vulnerabilities. These vulnerabilities all appear relatively simple, and we have found that other publicly-available models are able to discover them as well without requiring a bypass.

Source: Anthropic

Diana first came through YC as a founder. She co-founded Escher Reality (S17), an augmented reality backend that was acquired by Niantic in 2018.

Diana returned to YC in 2021 as a Visiting Group Partner, and joined full-time as a Group Partner in 2022. Over the past four years, she's become one of the most prolific partners in YC's history. She's worked with nearly 230 companies across 18 batches, logged over 2,100 office hours, and those companies are now worth a combined $7 billion.

Source: Y Combinator

Free YouTube video downloader and converter

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It is a one stop solution for the Retailers of Airtel Payments Bank to perform all the banking activities like Money Transfer, Bill Payments, Recharges, Cash Withdrawals, Cash Deposits etc.

Link: Airtel Tez

Meta has entered an agreement with Reliance Industries to lease their first AI-enabled data center in India to serve one of their fastest-growing communities.

Meta and Reliance Industries today announced a significant expansion of their strategic partnership with an agreement for an AI-enabled data center in India. Located in Jamnagar, Gujarat, this investment reaffirms Meta’s deep commitment to India, bringing infrastructure that powers our products and AI capabilities needed to deliver personal superintelligence to one of our largest and fastest-growing communities globally. As part of the agreement, Reliance will build a data center with 168 MW capacity, which Meta will lease, with options to scale.

“We’re proud to be working with Reliance to build our first AI-enabled data center in India. This world-class facility in Jamnagar will help us scale our AI infrastructure globally while deepening our long-term investment in India’s economy.”
– Mark Zuckerberg, Founder and CEO, Meta

Meta is leasing capacity at a new Reliance data center in Jamnagar, India, powered by renewable energy and cooled with desalinated seawater. Meta will cover the full cost of the energy and water supporting the facility. This investment is a significant milestone in Meta’s global infrastructure expansion and deepens our long-standing strategic partnership with Reliance — one that spans connectivity, commerce, and AI innovation in one of the world’s most dynamic digital markets.

Source: META