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Jul 13, 2026
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Happy Monday! Vinod Khosla and his family reached a deal to buy the Seattle Seahawks. California and other states are nearing a lawsuit to block the Paramount acquisition of Warner Bros. Discovery. And Elon Musk is encouraging Tesla staffers to use Grok over other AI models.
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Venture capitalist Vinod Khosla and his family announced an agreement on Saturday to purchase the Seattle Seahawks NFL team from the estate of Microsoft co-founder Paul Allen. While the Seahawks didn’t disclose the purchase price, multiple publications reported that the Khosla family was paying $9.6 billion for the franchise, a record price for an NFL team. The previous record was investor Josh Harris’s purchase of the Washington Commanders in 2023 for just over $6 billion. The Seahawks have won two Super Bowls, including in 2026. “Excited to be part of this great franchise,” Vinod Khosla said in a message on X. The Seattle Times reported that Vinod Khosla’s wife, Neeru, will be the controlling owner of the Seahawks. The couple’s son, Neal, who is CEO and co-founder of health startup Curai, is also expected to have a major role in the ownership group, the Times reported. The sale still needs to be approved by the NFL.
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A group of states, led by California and including New York, Washington, and Connecticut, is planning to sue to block Paramount’s $111 billion acquisition of Warner Bros. Discovery, The New York Times reported. The lawsuit, which is expected to argue that the deal would harm competition for blockbuster movies, would represent one of the last major hurdles to the acquisition after the U.S. Department of Justice said last month that it wouldn’t block the deal. As regulators under President Donald Trump have given greenlight to many mergers, states have started to take a more aggressive stance on antitrust enforcement The bid for Warner Bros. Discovery is an effort by Larry Ellison, the Oracle billionaire, and David Ellison, his son and Paramount’s CEO, to create a new media and entertainment giant. It has faced significant pushback from Hollywood professionals concerned about reduced content spending. Paramount remains confident, citing the need to compete with streaming giants and planning for a third-quarter closing.
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Tesla CEO Elon Musk told staff at the carmaker to move to using Grok, the AI model from SpaceXAI, according to a memo sent to staff on Friday. Musk told staff that they should make the change when possible given Grok 4.5’s lower token costs as compared to competitors, the memo said. Musk also asked engineers to directly email him with feedback on the model, it said. The move follows Tesla setting a $200 weekly limit on employee’s AI spending on Monday. Tesla staff have been testing beta versions of Grok models over the past few months, while SpaceXAI’s product lead Andrew Milich has also been working closely with staff at Tesla on troubleshooting any issues with Grok. SpaceXAI released Grok 4.5 on Wednesday jointly with Cursor, the coding startup it is set to acquire in a deal valuing Cursor at $60 billion. SpaceXAI has said the model is geared toward engineering tasks, as well as basic office work. Tesla did not immediately respond to a request for comment. Musk posted on X Friday night, saying that staff “should continue to use other AI models if those models outperform Grok.”
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Cursor is building a general purpose AI agent designed to compete directly with Anthropic’s Claude Cowork, The Information reported. Cursor began working on the product after it started leasing compute from SpaceX’s AI unit in April, two people familiar with the project said. Last month, SpaceX agreed to acquire Cursor in a transaction that values the company at $60 billion and the two companies jointly released Grok 4.5 on Wednesday. Cursor’s new product is internally referred to as Sand and is in the process of being tested by Cursor staff. It’s part of a broader push at the company to expand its offerings outside of coding. Cursor is one of several companies working on a general purpose AI agent. OpenAI announced an AI agent, called ChatGPT Work, on Thursday, that it says can automate presentations and perform research.
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Online fashion retailer Shein received Chinese regulatory approval to list in Hong Kong, capping off the e-commerce platform’s tumultuous two-year quest to float its shares. The China Securities Regulatory Commission said in a statement on Friday that it had approved Shein’s application to sell not more than 341.6 million shares on the Hong Kong stock exchange. The approval is valid for 12 months. If Shein doesn’t list in 12 months, it must submit an updated application. Before the bid to list in Hong Kong, China-founded Shein first sought to go public in New York in 2024, then London. Both attempts failed amid mounting controversies over the company’s labor practices, allegations of copyright infringement and other thorny issues.
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