Apple's new CEO, and why Elon Musk wants to buy Cursor for $60B

This episode of Equity dives into the latest high-stakes developments in the tech world, beginning with the growing scrutiny around Anthropic's AI model Mythos, which appears to be more widely used than initially claimed—raising questions about its supposed secrecy and safety claims. The podcast unpacks the $5 billion Amazon investment in Anthropic, framing it as a strategic, circular deal with massive AWS spending commitments, and contrasts it with OpenAI’s criticism, calling it 'pot calling the kettle black.' The conversation then shifts to SpaceX’s surprising $60 billion option to acquire Cursor, a move seen as a strategic play to bolster AI capabilities post-IPO, despite SpaceX’s own underperforming XAI division. The episode examines the rationale behind the option structure, including a $10 billion breakup fee, and speculates on Elon Musk’s calculated timing to avoid IPO delays. On public markets, the show explores whether 2026 could be the 'year of the IPO,' spotlighting Revolut’s potential $200 billion valuation and Cerebris’s high-growth, high-valuation AI infrastructure play. Finally, the discussion turns to Apple’s leadership transition, with Tim Cook stepping down as CEO in September and John Ternus taking over. The hosts analyze the stability of Apple’s business model, the challenges of maintaining innovation without a Steve Jobs-style visionary, and the future of the App Store under new leadership, especially amid regulatory pressure and AI disruption.