Ray Blanco:

SpaceX To Buy AI Coding Assistant Cursor for $60 Billion

SpaceX, fresh off its blockbuster initial public offering last week, said on Tuesday that it is buying the artificial coding assistant Cursor for $60 billion in stock, according to a securities filing.

Elon Musk's space exploration and satellite company said Cursor, developed by San Francisco-based startup Anysphere, will become a wholly owned subsidiary upon closing the deal in the third quarter of 2026.

This high-priced acquisition underscores the immense demand for AI-based coding, a sector currently transforming the software industry.

"We are excited to share that SpaceX has exercised their option to acquire Cursor in an all-stock transaction with the goal of building the world's most useful AI models," Cursor CEO Michael Truell said in a statement shared with CBS News. "We look forward to working closely with the SpaceX team to advance our frontier AI capabilities and continue to work closely with our customers and partners."

SpaceX did not immediately respond to a request for comment. In a social media post on Tuesday, the company said it has been jointly training an AI model with Cursor and will release it soon.

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Enrique Abeyta:

This Cop Scanned A Woman's License Plate 179 Times And Somehow That Was Allowed

A Milwaukee police officer resigned after investigators found he had used automated license plate reader technology to track a woman he was dating nearly 180 times in the span of two months. What looked at first like a single ugly misconduct case is now pulling back the curtain on a much larger problem with how vehicle surveillance gets used in this country. For anyone who drives, this one lands fast and it lands hard.

The Milwaukee case surfaced because the woman did something most drivers never think to do. She checked a public website called Have I Been Flocked, a transparency tool that lets people see whether automated plate readers have scanned their vehicle. What she found laid bare just how closely one officer had been watching where she went.

Automated license plate readers have spread across the United States at a rapid pace over the last decade. They sit on police cruisers, traffic poles, bridges, and roadways, snapping plate data off passing vehicles and storing it alongside the time and the location.

Police agencies say the cameras are essential for recovering stolen vehicles and tracking wanted suspects. Critics have warned for years that the same setup hands law enforcement enormous surveillance power with very little oversight watching the watchers.

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Greg Guenthner:

Bitcoin and Ethereum Prices: Highest Opening Values in Two Weeks

Bitcoin (BTC) opened at $66,287.48, up 0.9% from yesterday's opening price. The price of bitcoin rose in early trading to $66,433.15 at 7:30 a.m. ET.

Ethereum (ETH) opened at $1,794.94, up 4.1% from yesterday's open. The price of ethereum held pretty steady in early trading, shifting to $1,791.95 at 7:30 a.m. ET.

Both bitcoin and ethereum prices posted their strongest opening levels in about two weeks following news that the U.S. and Iran are making meaningful strides toward a permanent peace deal that would reopen the Strait of Hormuz.

While details of the deal remain murky, and inflation concerns are still rampant thanks to the months-long war, there is enough optimism among crypto traders to push prices higher.

The Fed is set to meet today to kick off its two-day policy-setting meeting, which will give us more insight into how they view current inflation levels and whether the pending resolution will be enough to call off potential rate hikes later in the year.

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