Canva, Cursor and Watermarks

By the Orchestra editors · 4 min read

TL;DR

Canva slashes $11B from its valuation as AI costs bite, casting doubt on IPO timeline
Cursor launches Origin, bringing code hosting, pull requests and AI agents into one platform
Anthropic will watermark Claude text output using Google's SynthID to comply with EU AI Act
Assistant minister Charlton warns Australia must climb the AI stack beyond data centres

AI · Worldwide

Cursor launches Origin, its GitHub alternative

Cursor has launched Origin, a new code hosting platform built around AI agents. Developers can host repositories, manage and review pull requests, browse code and work with Cursor’s agents without leaving the platform. Existing GitHub repositories can also be synced into Origin, with changes reflected across both services. It’s an ambitious expansion for Cursor, moving it beyond AI coding tools and into the infrastructure developers use to manage and ship software.

Anthropic details Claude text watermarking via SynthID

Anthropic confirmed its upcoming text watermarks will use Google DeepMind's open-source SynthID-Text approach, subtly adjusting wording probabilities to create detectable patterns. The move is driven by EU AI Act compliance and will ship alongside C2PA metadata for Claude-processed images.

ChatGPT launches Computer History on macOS

OpenAI's macOS app now offers an opt-in feature that builds a timeline of your clicks and keystrokes, letting ChatGPT and Codex reference your workflow to suggest automations or resume unfinished tasks. Sensitive apps are auto-excluded and entries can be deleted.

Australian Tech

Canva wipes $11B from valuation, IPO in doubt

Canva has written down its valuation by roughly $11 billion as rising AI infrastructure costs and competitive pressure weigh on the business. The markdown throws cold water on near-term IPO plans for one of Australia's most prominent tech companies.

Charlton says data centres must be a step up the AI stack

Assistant technology minister Andrew Charlton will warn that Australia risks locking itself into low-value infrastructure unless it uses the current data centre buildout to develop higher-order AI capabilities like model training and application development.

NSW fast-tracks data centre approvals with new energy and water rules

New South Wales will assess compliant data centre proposals within 75 days under new guidelines requiring recycled water use, strict noise limits and renewable energy purchasing agreements. Community groups worry the speed may override environmental concerns.