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Wellfunded

OpenAI

Can Cursor Stay Model-Agnostic After the SpaceX Deal?

Jul 2, 2026

Can Cursor Stay Model-Agnostic After the SpaceX Deal?

SpaceX's $60 billion deal to acquire AI coding startup Cursor raises a critical question for the industry: will Anthropic and OpenAI continue supplying their models to a tool owned by Elon Musk? The answer could reshape competitive dynamics across the entire AI developer tools market.

Acquisitions

AI coding

Anthropic

Anthropic in Talks With Samsung to Develop Custom AI Chip

Jul 2, 2026

Anthropic in Talks With Samsung to Develop Custom AI Chip

Anthropic is reportedly in discussions with Samsung to co-develop a custom AI chip, positioning the Claude maker as the latest AI lab to pursue silicon independence. The news follows OpenAI's announcement of its own custom chip built in partnership with Broadcom.

AI chips

Anthropic

Custom Silicon

Global Startup Funding Hit a Record $510B in H1 2026

Jul 2, 2026

Global Startup Funding Hit a Record $510B in H1 2026

Venture funding shattered records in the first half of 2026, reaching $510 billion — more than all of 2025 combined. OpenAI and Anthropic alone accounted for 43% of that total, while IPOs and M&A activity hit their strongest levels since the 2021 boom.

Venture Capital

AI Funding

Startups

OpenAI Reportedly Offered Trump a 5% Equity Stake

Jul 2, 2026

OpenAI Reportedly Offered Trump a 5% Equity Stake

OpenAI CEO Sam Altman has floated giving the US government a 5% ownership stake in the company — worth over $42 billion at current valuation — as a strategy to ease tensions with the Trump administration and soften public resistance to AI. The proposal would make American citizens indirect financial beneficiaries of the AI boom.

AI investment

AI policy

equity

OpenAI's Codex Lead on How AI Is Reshaping Product Work

Jul 1, 2026

OpenAI's Codex Lead on How AI Is Reshaping Product Work

Andrew Ambrosino, who leads the Codex desktop app at OpenAI, argues that AI has fundamentally inverted the product development process. Nearly 100% of OpenAI employees now use Codex weekly — and the implications for PMs, designers, and engineers are profound.

OpenAI

Codex

AI Tools

GPT-5.6 Exists, But You Can't Use It Yet

Jul 1, 2026

GPT-5.6 Exists, But You Can't Use It Yet

OpenAI's GPT-5.6 is real, but US government restrictions are keeping it out of most hands for now. In parallel, AI inference chip startup Etched is emerging from stealth with $800M raised, a $1B+ order backlog, and first-try silicon success on TSMC 4nm.

AI inference

AI tools

Chips

LastPass Hit by a Breach via a Third-Party AI Vendor

Jul 1, 2026

LastPass Hit by a Breach via a Third-Party AI Vendor

LastPass customers are dealing with yet another data breach, this time stemming from a compromise at AI business intelligence firm Klue. Meanwhile, Europol and Microsoft disrupted major infostealer operations, Australia revealed nation-state hackers lurking in critical infrastructure, and John Bolton pleaded guilty to mishandling classified data.

Anthropic

ASIO

Cybersecurity

Tapestry VC Closes $80M Fund to Back Repeat Founders

Jul 1, 2026

Tapestry VC Closes $80M Fund to Back Repeat Founders

California-based Tapestry VC has launched an $80M fund doubling down on its 'repeat founder flywheel' thesis across Europe and the UK. The firm is betting that seasoned operators — many with OpenAI-era experience — will drive the next wave of European tech. A new London office signals its long-term commitment to the region.

Venture Capital

European Tech

OpenAI

Claude Sonnet 5 Undercuts GPT-5.5, Gemini on Agent Cost

Jun 30, 2026

Claude Sonnet 5 Undercuts GPT-5.5, Gemini on Agent Cost

Anthropic has launched Claude Sonnet 5, a model designed to deliver stronger agentic capabilities at a lower price point than rivals like GPT-5.5 and Gemini Pro. The release positions Sonnet 5 as a cost-efficient alternative to Anthropic's own Opus tier for teams running AI agents at scale.

Anthropic

Claude

AI Agents

Meta, OpenAI Alumni Target $400M for Stealth Lab Aire

Jun 30, 2026

Meta, OpenAI Alumni Target $400M for Stealth Lab Aire

A trio of veterans from Meta and OpenAI are raising $400 million for a new AI research lab named Aire. The startup is focused on 'AI assistants' and research & development, and is already drawing comparisons to other well-funded European AI labs.

AI funding

AI research

European AI

OpenAI Teases Codex-Branded Hardware with Work Louder

Jun 29, 2026

OpenAI Teases Codex-Branded Hardware with Work Louder

OpenAI is dropping a Codex-themed hardware device on July 15th, built in partnership with macro pad maker Work Louder. The compact, button-laden gadget promises to bring AI coding shortcuts into the physical world — and it's not the Jony Ive project.

OpenAI

Codex

AI Hardware

Apple's Vision Pro VP Paul Meade Is Heading to OpenAI

Jun 27, 2026

Apple's Vision Pro VP Paul Meade Is Heading to OpenAI

Paul Meade, Apple's vice president overseeing the Vision Pro headset, is reportedly departing the company to join OpenAI's growing hardware division. The move signals OpenAI's continued ambition to compete in the physical computing space.

Apple

OpenAI

Vision Pro

OpenAI's GPT-5.6 Is Ready, White House Decides Next

Jun 27, 2026

OpenAI's GPT-5.6 Is Ready, White House Decides Next

OpenAI has confirmed it's delaying the public release of GPT-5.6 at the request of the Trump administration. The government will pre-approve which customers can access the models first, in what OpenAI calls a temporary — but frustrating — arrangement.

OpenAI

GPT-5.6

AI Policy

The AI Race Has Outgrown the Anthropic vs. OpenAI Story

Jun 27, 2026

The AI Race Has Outgrown the Anthropic vs. OpenAI Story

AI models have advanced far beyond a simple two-horse race. Their capabilities now carry real political weight — and navigating the fallout will demand coordinated action across industries and governments.

AI governance

AI policy

Anthropic

Trump Admin Eases Restrictions on Claude Mythos 5

Jun 27, 2026

Trump Admin Eases Restrictions on Claude Mythos 5

The US government has eased export controls on Anthropic's most powerful AI model, Claude Mythos 5, allowing over 100 US organizations to regain access. The move follows weeks of tense negotiations between Anthropic and the Trump administration, though broader restrictions — including those on the consumer-facing Claude Fable 5 — remain in place.

Anthropic

AI Policy

Claude

Claude Code Comes to Slack, Gemini Gets Computer Use

Jun 26, 2026

Claude Code Comes to Slack, Gemini Gets Computer Use

Anthropic's Claude Tag brings shared AI agent access directly into Slack workflows, while Google adds computer use to Gemini 3.5 Flash and Figma drops a wave of AI-powered design tools at Config. Here's what's shipping this week.

AI agents

Anthropic

Claude Code

White House Pressures OpenAI to Delay GPT-5.6

Jun 26, 2026

White House Pressures OpenAI to Delay GPT-5.6

The Trump administration has reportedly asked OpenAI to hold back its latest model, GPT-5.6, from a broad public launch. Instead, OpenAI plans to share the model with a limited group of select partners while it navigates the White House's safety concerns.

OpenAI

GPT-5

AI Safety

Claude Is Quietly Stealing ChatGPT's Paying Customers

Jun 25, 2026

Claude Is Quietly Stealing ChatGPT's Paying Customers

Anthropic's Claude is making serious inroads among paid AI subscribers — a segment long dominated by OpenAI's ChatGPT. New data suggests consumers willing to open their wallets are increasingly choosing Claude over the market leader.

AI subscriptions

Anthropic

ChatGPT

OpenAI's First Custom Chip: Jalapeno, Built With Broadcom

Jun 25, 2026

OpenAI's First Custom Chip: Jalapeno, Built With Broadcom

OpenAI has unveiled its first custom inference chip, codenamed Jalapeno, developed in partnership with Broadcom. The move signals OpenAI's push to reduce dependence on Nvidia and take greater control of its AI infrastructure stack.

AI chips

Broadcom

Custom Silicon