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Image Credits:Yuichiro Chino / Getty Images 3:14 PM PDT · June 5, 2025 Anysphere, the maker of AI coding assistant Cursor, has raised $900 million at a $9.9 billion valuation, Bloomberg reported. The round was led by returning investor Thrive Capital, with participation from Andreessen Horowitz, Accel, and DST Global. The massive round is Anysphere’s…

Image Credits:KTSDESIGN/SCIENCE PHOTO LIBRARY / Getty Images 3:06 PM PDT · June 5, 2025 Circle, one of the world’s largest issuers of USDC, a stablecoin pegged to the U.S. dollar, ended its first trading day as a public company at $83.23 per share, 168% above its IPO price of $31 set the previous day. The…

Meanwhile, a new consumer sentiment survey finds most people want someone else to run the EV company. When Elon Musk appeared in the White House last week at a ceremony with President Donald Trump marking the end of his controversial role leading the federal job-slashing DOGE initiative, he sported a shiner on his right eye…

Despite what some experts have characterized as an environment increasingly hostile to AI R&D, North America continues to receive the bulk of AI venture dollars, according to data from investment tracker PitchBook. Between February and May of this year, VCs poured $69.7 billion into North America-based AI and machine learning startups across 1,528 deals. That’s…

A film that will portray the chaotic time at OpenAI, when co-founder and CEO Sam Altman was fired and rehired within a span of just five days, is reportedly in the works.  According to The Hollywood Reporter, the movie is titled “Artificial,” and it’s in development at Amazon MGM Studios…