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Jun 18
SpaceX acquires Cursor to bolster xAI and court AI developers

SpaceX has agreed to acquire AI coding tool developer Cursor for US$60 billion, in a deal that underscores how competition in the AI industry is extending beyond foundation models into the application layer and developer ecosystems. The purchase gives SpaceX direct access to enterprise customers, developer communities, and high-value code data instead of rebuilding a product from scratch. Markets see it as a key addition to Elon Musk's AI strategy.

Samsung Electronics is reportedly reviewing the possibility of investing in Boston Dynamics, the US robotics company controlled by Hyundai Motor Group.

Over the past decade, advances in artificial intelligence (AI) have repeatedly exceeded market expectations. Artificial general intelligence (AGI), once largely confined to the realms of science fiction, has become an explicit long-term objective for many leading AI organizations.

As AI computing continues to scale, power systems are facing sharper load swings, along with rising requirements for power density and reliability.

Techman Robot brought a lineup of collaborative robots and AI vision automation systems to the ME Assembly & Automation 2026 trade show in Bangkok this week, targeting manufacturers in Thailand's automotive, electronics, and food processing sectors as the region accelerates factory automation amid supply chain realignment.

General Biologicals (GBC) held its shareholders' meeting on the 17th, saying the group is moving from restructuring into scaled, international growth. The precision medicine company is betting on clear long-term demand in global precision medicine, smart healthcare, and regenerative medicine as it expands its CLIA/AIO systems, circulating tumor cell (CTC) testing technology, Oh care brand, and overseas footprint.

Cornelis Networks has announced the successful deployment of the Lynx supercomputing cluster at the US Department of Energy's Lawrence Livermore National Laboratory, marking a significant milestone for the company's CN5000 Omni-Path networking platform and the National Nuclear Security Administration's (NNSA) Commodity Technology Systems (CTS-2) program.

China's semiconductor supply chain is showing fresh signs of pricing strain, with microcontroller unit (MCU) makers and passive component suppliers facing rising costs, tighter capacity, and surging demand from AI servers.

Plug and Play's Wayne Soh on the shifting flows of Chinese, Indian, and Taiwanese founders through the city-state.

The G7 debate over AI has moved beyond regulation and safety pledges into a harder fight over frontier model access: who can use the most powerful systems, under what conditions, and whether governments can switch that access off.

Samsung Electronics' foundry business has signed a strategic manufacturing collaboration with Claros, a US power-management startup, to produce semiconductors designed to cut energy waste inside AI data centers, according to a Claros announcement and a report by ZDNet Korea.

As global EV market growth slows, motor makers that once relied on EV power systems are moving faster to find new growth engines. Fukuta has extended its accumulated design, integration, and manufacturing capabilities in automotive all-in-one power systems into miniaturized power module applications such as drones and quadruped robot dogs, reflecting a broader shift in resource allocation amid cooling EV growth.