SpaceX Buys Cursor for $60B, Z AI's Open Model Rivals the Frontier, Meta's AI Morale Crisis
Today we're covering the biggest AI stories of June 17th, 2026. SpaceX officially closed its $60 billion all-stock acquisition of Cursor — funded almost entirely by a post-IPO rally that doubled the company's value in under a week — with Cursor CEO Michael Truell teasing that their next model will be "generally intelligent," trained from scratch, and Opus-sized, giving Elon Musk a serious coding platform for his entire AI stack just as Grok Build launches. Chinese AI lab Z AI released GLM-5.2, an open-weights model with a 1 million token context window that beats GPT-5.5 on real-world coding…
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