DMR News

Advancing Digital Conversations

Business

  • Home
  • SpaceX to Acquire Cursor in $60 Billion All-Stock Deal

SpaceX to Acquire Cursor in $60 Billion All-Stock Deal

SpaceX has agreed to acquire Anysphere, the company behind AI coding platform Cursor, in an all-stock transaction valued at $60 billion. The agreement comes four days after SpaceX began trading…

ChatGPT’s AI Assistant Market Share Falls Below 50% as Gemini and Claude Gain

ChatGPT remains the world’s most widely used AI assistant, but its market share fell below 50% for the first time as users increasingly divided their activity among Google Gemini, Anthropic…

Respond.io Raises $62.5 Million to Expand AI Messaging Platform Globally

Respond.io has raised $62.5 million in Series B funding as the Malaysia-based company expands its AI-powered customer conversation platform into North America and Europe. Camber Partners led the round, with…

Softstar Shoes Transfers Ownership to Employees as US Founders Prepare to Retire

Oregon-based Softstar Shoes has transferred ownership of the company to its approximately 30 employees as former owner Tricia Salcido begins planning for retirement. The shoemaker completed the transition through an…

Starbucks Korea to Close Stores Early for History Training After ‘Tank Day’ Campaign

Starbucks Korea will close all its stores early on June 22 so employees can attend mandatory training on South Korean history and social sensitivity. The action follows public criticism of…

Anthropic Executives to Meet US Officials Over Fable 5 and Mythos 5 Restrictions

Anthropic executives are expected to meet senior US Commerce Department officials in Washington on Monday after the government restricted foreign access to the company’s latest AI models. CEO Dario Amodei…

Companies Target the Moon as Demand for Helium-3 Grows

Companies are developing ways to extract helium-3 from the Moon as demand rises from quantum computing, scientific research, and possible nuclear fusion applications. The rare gas currently comes mainly from…

Stanford Graduates Walk Out During Sundar Pichai’s Commencement Speech

Around 200 Stanford University graduates reportedly walked out as Google and Alphabet CEO Sundar Pichai delivered the university’s commencement address on Sunday. Students also booed and displayed signs criticizing Google’s…

SpaceX IPO Raises $85.7 Billion After Underwriters Buy Additional Shares

SpaceX has increased the amount raised through its initial public offering to $85.7 billion after the offering’s underwriters exercised their option to buy the maximum number of additional shares. The…

Salesforce to Acquire Fin for $3.6 Billion to Strengthen Agentforce

Salesforce has agreed to acquire AI customer service company Fin for approximately $3.6 billion, bringing Fin’s customer support agent technology and development team into its Agentforce business. The companies expect…

Sarvam Raises $234 Million at $1.5 Billion Valuation

Indian artificial intelligence company Sarvam has raised $234 million in the first close of a planned $300 million Series B round, valuing the Bengaluru-based company at $1.5 billion. The funding…

Fox to Acquire Roku in $22 Billion Cash-and-Stock Deal

Fox Corporation has agreed to acquire streaming company Roku in a cash-and-stock transaction valued at about $22 billion. The deal combines Fox’s news, sports, and streaming operations with Roku’s connected…

Orbio Raises $21 Million To Expand AI Agents For Frontline Workforce Management

Orbio has raised $21 million in Series A funding to expand its AI agents for recruiting, onboarding, and managing frontline employees. Dawn Capital led the round, bringing the enterprise startup’s…

Convicted Frank Founder Charlie Javice Reportedly Seeks Trump Pardon

Charlie Javice, the convicted founder of financial aid startup Frank, is reportedly seeking a presidential pardon while appealing her conviction for defrauding JPMorgan Chase in a $175 million acquisition. People…

KPMG Withdraws Agentic AI Report After Organizations Dispute Its Claims

KPMG has withdrawn a report about agentic AI after several organizations said descriptions of their AI use were false or misleading. Research group GPTZero said many of the report’s citations…

FBI Uses Replica Town To Train Investigators For Real-World Cyberattacks

The FBI has revealed a 22,000-square-foot replica town in Huntsville, Alabama, where investigators train to respond to cyberattacks involving homes, businesses, hospitals, vehicles, and critical infrastructure. Known as the Kinetic…

Aurigny CEO Questions Break-Even Target After Airline Records £6.3 Million Loss

Aurigny chief executive Nico Bezuidenhout has questioned whether Guernsey’s publicly owned airline should still be required to break even when about 70% of its operations now involve essential lifeline services.…

UK Watchdog Investigates Ryanair Fees For Parents Sitting With Children

The UK’s competition watchdog is investigating whether Ryanair unfairly charges parents to sit beside their children on flights. The Competition and Markets Authority said the airline’s mandatory family seat typically…

India’s Wild Agave Creates New Income And Production Opportunities

Wild agave growing across India’s Deccan Plateau is becoming a source of income for farmers and a raw material for the country’s small but growing agave-based drinks industry. Masapalli Venkatesh…

World Cup Advertisers Turn Commercials Into Star-Studded Mini-Movies

Nike and other major brands are releasing lengthy, celebrity-filled campaigns around the 2026 FIFA Men’s World Cup, with commercials increasingly presented as entertainment rather than conventional product advertising. Nike’s six-minute…