SpaceX buys Cursor for $60 billion: Elon Musk's biggest AI bet yet to take on OpenAI, Anthropic (businesstoday.in)

Cursor, whose AI coding assistant was launched in 2023, has emerged as a major player in the so-called “vibe coding” trend, in which users rely on natural-language prompts to generate, modify and debug software. The startup became one of the fastest-growing companies in the technology sector as demand for AI-powered programming tools surged. The acquisition represents a significant step in Musk’s efforts to strengthen SpaceX’s AI capabilities. Bloomberg News reported that Musk has previously acknowledged that his AI business had limited adoption and had gone through job cuts and restructuring. Cursor’s technology could help SpaceX develop more sophisticated AI tools for coding and other specialised tasks. The startup said in a blog post that its team would gain access to what it described as the world’s largest fleet of GPUs, providing the computing capacity needed to develop stronger and more economical AI models. The two companies had already begun working together before the acquisition closed. In July, SpaceX and Cursor launched Grok 4.5, an AI model focused on coding, finance and legal applications. The companies said the model was cheaper to use than competing systems. SpaceX has since introduced Grok Bot, an AI product designed to operate as a group...