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THE DAILY INDEX

Technology, AI, software, security, crypto and business

Across today’s newsletters

Today’s Index

SPACEX SAYS IT CAN BUY CURSOR LATER THIS YEAR FOR $60 BILLION OR PAY $10 BILLION FOR ‘OUR WORK TOGETHER'

SpaceX claims to have obtained the rights to buy Cursor for $60 billion later this year or pay $10 billion for the work the companies are doing together. SpaceXAI and Cursor are working to create the world's best coding and knowledge work AI. Cursor is currently in talks to raise $2 billion in a funding round that includes Andreessen Horowitz, Nvidia, and Thrive Capital. The partnership will help SpaceXAI catch up to competitors like OpenAI's Codex and Anthropic's Claude.

BUILDING A FAULT-TOLERANT METRICS STORAGE SYSTEM AT AIRBNB

To manage 1.3 billion active time series at such a large scale, Airbnb developed a fault-tolerant metrics storage system using shuffle sharding and a multi-cluster architecture for improved resiliency and isolation. This automated solution successfully stabilized data operations and streamlined deployments by treating clusters as disposable components, despite the added complexity of federated querying.

CURSOR IN TALKS TO RAISE $2B AT $50B VALUATION AFTER HITTING $2B ARR IN THREE YEARS

AI coding startup Cursor is raising $2 billion at a $50 billion valuation, co-led by Andreessen Horowitz, Thrive Capital, and Nvidia. The company has achieved unprecedented growth, scaling from zero to $2 billion ARR in three years with over one million paying customers and 70% of Fortune 1,000 companies as clients. Cursor operates as an AI-enhanced code editor that automates multi-step coding tasks, positioning itself between traditional editors and fully autonomous coding agents.

CHATGPT'S NEW IMAGES 2.0 MODEL IS SURPRISINGLY GOOD AT GENERATING TEXT

OpenAI's new image generation model has thinking capabilities and can search the web, make multiple images from one prompt, and double-check its creations. The model has a stronger understanding of non-Latin text than previous models. It can render fine-grained elements like small text, iconography, UI elements, dense compositions, and subtle stylistic constraints, all at up to 2K resolution. The model is available to ChatGPT and Codex users and via the gpt-image-2 API.

BLUE ORIGIN ROCKET GROUNDED AFTER SATELLITE 'MISHAP'

The Federal Aviation Administration has grounded Blue Origin's newest rocket to investigate a 'mishap' that involved the failed launch of a satellite. The rocket was used to place a satellite from AST SpaceMobile into orbit, but it missed its mark, and the satellite was unable to get as far into orbit as intended. Blue Origin claims the failure was caused by a lack of sufficient thrust in an engine. The investigation findings will determine when New Glenn can be launched again.

HUMBLE EMERGES FROM STEALTH WITH $24M AND A CABLELESS AUTONOMOUS ELECTRIC TRUCK BUILT TO GO DOCK-TO-DOCK

Humble is a San Francisco-based autonomous freight startup that just emerged from stealth with a $24 million seed round. The company's fully electric, cabless freight vehicle, the Humble Hauler, is built for 40-foot and 53-foot shipping containers. It has no driver's cab, allowing the company to fit 360-degree sensor coverage, free up payload capacity, and enable a fundamentally different vehicle geometry. The Hauler can operate dock-to-dock, delivering directly to the destination and unloading rather than dropping a trailer off at a handoff point.

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