Episode 372: SpaceX's $60B Cursor Bet, Iran Peace Deal Breakthrough, and the AI Infrastructure Crunch

SpaceX exercises its option to acquire AI coding startup Cursor for $60 billion in stock, leveraging the company's explosive growth and billion-dollar revenue run rate to strengthen Grok's coding capabilities. Meanwhile, the US and Iran reach a preliminary peace framework to end their four-month conflict and reopen the Strait of Hormuz, with crude oil falling 4% on the news—though experts warn infrastructure recovery could take 6-12 months. In AI, Chinese lab Z AI releases GLM-5.2, an open-weights model matching GPT-5.5 and Claude Opus on coding benchmarks at competitive pricing, while Microsoft reportedly rents $3 billion in computing power from Oracle amid persistent AI-driven capacity shortages. Meta announces a culture reset following backlash over its March AI reorganization, and Coinbase launches tokenized US stocks with 24/7 trading outside the US. Plus: Apple's camera AirPods in development, Anthropic navigates Trump administration security concerns, and Binance prepares to exit the EU. Hosted on Acast. See acast.com/privacy for more information.