June 16, 2026

TechCrunch Top 3

SpaceX to acquire Cursor for $60B in stock, days after blockbuster IPO: The deal is supposed to help SpaceX's struggling AI division. The company told IPO investors it sees a $26 trillion addressable market in AI. Read More

The US government's Anthropic models ban was never about an AI jailbreak: The Trump administration's decision that forced Anthropic to pull its latest cybersecurity models could be reactionary, retaliatory, or both, but the message is clear: The AI industry isn't immune from U.S. government interference. Read More

Sundar Pichai faces boos, walkout at Stanford graduation ceremony over Google's Israel, ICE ties: AI is once again at the heart of a college graduation protest — this time for the technology's use in Google's defense contracts. Read More

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Morning Must-Reads

SpaceX passes Amazon as valuation balloons to $2.7T: SpaceX's valuation has increased by $1 trillion since its shares started trading on Friday. Read More

These are the countries moving to ban social media for children: Australia was the first country to issue a ban in late 2025, aiming to reduce the pressures and risks that young users may face on social media, including cyberbullying, social media addiction, and exposure to predators. Read More

ChatGPT's market share slips below 50% for first time: The chatbot still remains the most popular AI assistant worldwide with over 1.1 billion monthly users, followed by Gemini with 662 million and Claude with 245 million. Read More

This startup's super metals could soon be in military drones, luxury watches, and chef’s knives: Instead of heating metals, Foundation Alloy beats them into submission. The startup has raised $22 million to scale up production of its alloys. Read More

Cybersecurity vets protest 'dangerous' US government ban on Anthropic's most powerful models: A group made up of dozens of cybersecurity experts urged the White House to remove export-control restrictions on Anthropic’s Fable and Mythos models, arguing that the order is going to limit the ability of cybersecurity defenders to secure their software and products. Read More

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Last but Not Least

Meta's new ‘AI Mode’ on Facebook pulls from public info across its platforms: Meta announced Monday that it's rolling out a wave of new AI features on Facebook, the latest sign of the company's effort to catch up in the AI race and keep users more engaged on the platform. Read More