SpaceX announced a massive deal to acquire Cursor, the popular AI coding assistant, in one of the largest AI sector acquisitions of the year.
Tag: Billion
India’s PE-VC Deals Total $9.1 Billion in Q1 2026 Despite Global Headwinds
Private equity and venture capital activity remained robust in India with 316 deals in Q1 despite geopolitical uncertainty linked to the Iran war.
Q2 2026 Agentic AI Funding Hits $20 Billion as Investors Bet Big
Agentic AI startups captured $20 billion — nearly half of all AI funding in Q2 2026 — as investors back autonomous workflow systems over chatbots.
Homeowners Tap $47 Billion in Home Equity in First Quarter of 2026
Americans drew record home equity in Q1 2026 as rising property values and persistent inflation prompted cash-out borrowing at historic levels.
SpaceX Acquires AI Coding Tool Cursor for $60 Billion to Compete with Anthropic and OpenAI
SpaceX confirmed its landmark acquisition of AI coding assistant Cursor for $60 billion aiming to revitalise the company’s AI coding efforts and compete with Claude Codex and other rivals.
India’s Private Equity and Venture Capital Investments Hit $25 Billion in H1 2026 Record
India attracted a record $25 billion in private equity and venture capital investment in the first half of 2026 driven by deals in AI fintech and renewable energy sectors.
India Aims to Achieve $350 Billion Textile Export Target by 2030 Driven by Technical Textiles Growth
India’s textile sector reached $190 billion in 2025-26 and the government is counting on growth in technical textiles and stronger export partnerships to hit the 2030 target.
India Exports Rose 16 Percent in April-May 2026 to Touch Record $88 Billion Mark
India’s merchandise export data showed a record high of $88.91 billion for April-May 2026-27 driven by growth across manufacturing pharmaceutical and IT sectors.
Anthropic Paying SpaceX $1.25 Billion Per Month for Access to Colossus 1 Data Center in Memphis
Anthropic confirmed it is paying SpaceX $1.25 billion per month through 2029 to rent GPU capacity from the Colossus 1 data center in Memphis Tennessee.
India Merchandise Exports Hit $88.91 Billion in April-May 2026-27 Up 16 Percent Year on Year
Official data showed India’s merchandise exports rose sharply by 16.09 percent in April-May of FY2026-27 reflecting strong demand from diversified global markets.