Cursor's $60 Billion Escape Hatch - Contrary Research

kept by eddie apr 27

SpaceX secured a $60 billion option to acquire AI coding startup Cursor, giving Cursor access to Colossus and relieving its dependence on Anthropic and OpenAI.

John Ternus to become Apple CEO
Apple announces Tim Cook will become executive chairman and John Ternus will become CEO, effective September 1, 2026.
also on John Ternus, Tim Cook, #business-strategy
A Wish List for John Ternus, the Man Replacing Tim Cook as Apple’s CEO - The New York Times
John Ternus, Apple's hardware engineering chief, will replace Tim Cook as CEO of a highly profitable company that needs fresh ideas to sustain growth.
also on John Ternus, Tim Cook, #business-strategy
Apple stock notches fresh record as tech rebounds
Apple stock closed at a record high near $299 as tech stocks rebounded, driven by strong quarterly results and AI trade resurgence.
also on Tim Cook, #business-strategy
Apple, Intel Have Reached Preliminary Chip-Making Agreement - WSJ
Apple and Intel have reached a preliminary agreement for Intel to manufacture chips for Apple devices, with the Trump administration playing a key role in brokering the deal.
also on Tim Cook, #business-strategy