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Technology News

Meta's Threads Reaches 500 Million Monthly Users Milestone

Meta's Threads app has reached a notable milestone, surpassing 500 million monthly active users. The platform, which launched as Meta's answer to X (formerly Twitter), continues to demonstrate strong growth nearly three years after its debut. The achievement positions Threads as one of the fastest-growing social

SpaceX Acquires Cursor AI Developer Anysphere for $60 Billion

SpaceX Expands Into AI Tools With Major Acquisition SpaceX has reached an agreement to acquire Anysphere, the company behind Cursor, one of the most widely used AI-powered coding agents in the developer community. The deal is valued at approximately $60 billion and is expected to close in mid-2026. What Anysphere

Chinese AI Firm DeepSeek Closes $7 Billion Funding Round with Unusual Structure

Chinese AI startup DeepSeek has closed a funding round exceeding $7 billion, according to a report by The Information. The deal structure has been described as unusual, though specific details about the arrangement have not been publicly disclosed. DeepSeek has emerged as a notable player in the AI sector, gaining

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SpaceX's $85.7 Billion IPO: What the Largest Share Sale in History Tells Us About Private Market Dynamics

SpaceX's initial public offering has reached $85.7 billion in total capital raised after underwriters exercised their option to purchase additional shares, cementing the offering as the largest in the company's history and one of the most significant share sales in the broader technology and aerospace

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Xbox Announces Studio Closure and Executive Departures Amid 'Reset'

Microsoft's Xbox division is facing significant turmoil as it moves forward with studio closures and internal restructuring. According to reports, Xbox plans to shut down Compulsion Games, the studio behind the action-adventure game South of Midnight. The closure comes after Xbox boss Asha Sharma sent a memo to

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Salesforce Acquires AI Customer Service Platform Fin for $3.6 Billion

Salesforce Acquires AI Customer Service Platform Fin for $3.6 Billion Salesforce has announced the acquisition of Fin, an AI customer service platform, in a deal valued at $3.6 billion. The company intends to leverage Fin's team and technology to enhance Agentforce, its existing enterprise platform that

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SpaceX's IPO Reaches $85.7 Billion in Historic Fundraising Round

SpaceX's initial public offering has reached a new milestone, with the total amount raised growing to $85.7 billion. The increase came after the IPO's underwriters chose to max out their share purchases, adding to what was already a historic amount of capital raised. The exercise