Cursor, Claude and CGT

By the Orchestra editors · 4 min read

TL;DR

SpaceX is spending $60B of its fresh IPO stock on AI coding tool Cursor
Anthropic pauses Claude Agent SDK billing change and remains locked in a model-access fight with the White House
AU startup and investor groups still waiting on detail for the proposed CGT innovation carve-out
Melbourne healthtech Everlab raises $65M Series A led by Airtree

AI · Worldwide

SpaceX buys Cursor for $60B in post-IPO AI push

Days after going public at a $2.6T valuation, SpaceX confirmed it will acquire the AI coding platform Cursor for $60 billion in stock. The deal is meant to jumpstart SpaceX's lagging AI division and put it in competition with Anthropic and OpenAI in the enterprise developer tools space.

ChatGPT market share dips below 50% for the first time

OpenAI's chatbot still leads with 1.1 billion monthly users, but competitors are gaining ground. Gemini sits at 662 million users and Claude at 245 million, marking the first time ChatGPT's share has fallen below half the market.

Critical Copilot vulnerability exposed 2FA codes

A flaw dubbed SearchLeak let attackers steal two-factor authentication codes from Microsoft Copilot users. Researchers say the exploit highlights persistent, systemic weaknesses in how the industry secures LLM-powered products.

Australian Tech

Startup CGT carve-out details still missing

Peak bodies including the Tech Council and private capital groups told a Senate inquiry they have no visibility on when Treasury's consultation paper on a proposed innovation carve-out from capital gains tax changes will land, or what it will contain.

Everlab raises $65M to tackle healthcare fragmentation

Melbourne healthtech Everlab closed a $65 million Series A led by Airtree Ventures. The preventative healthcare platform plans to use the funds to expand into international markets.

Defence deepens Starlink use despite cyber warnings

The Department of Defence has extended and expanded its SpaceX Starlink contracts for aircraft internet, even as two federal cyber agencies have flagged security concerns about the satellite provider.