Cursor, an AI coding startup co-founded by Pakistani-born Sualeh Asif, is reportedly set for a potential $60 billion acquisition deal with Elon Musk’s SpaceX.
The company, known for its AI-powered code editor, has rapidly grown, attracting millions of developers and major enterprise users. SpaceX has secured rights to acquire Cursor later this year or pay $10 billion for collaboration.
Asif, originally from Karachi and an MIT alumnus, represents a new wave of Pakistani tech talent. His success highlights innovation-driven entrepreneurship, earning praise as a role model for youth beyond traditional wealth paths.
Disclaimer: Image is AI generated and just for reference
🇷🇺 Russia just "PASSED" the crypto regulation bill to allow businesses and companies to use crypto as payment for cross-border and foreign trade settlements, even under sanctions.
$BTC and $ETH are expected to be the first assets approved under the framework
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🚨 US DOLLAR PROBLEM IS GETTING OUT OF CONTROL And this is due to 6 major reasons. 1) DEFICITS The US is expected to run over $22 trillion in deficits in the next 10 years. This means constant borrowing just to maintain current spending, which is unsustainable. 2) DEBT That borrowing has already pushed total debt above $39 trillion, over 120% of GDP. The debt is expected to hit $64 trillion over the next decade. The system is now heavily dependent on debt to function. 3) INTEREST COST The US is paying more than $1.2 trillion per year in interest. A large share of tax revenue is going only toward servicing debt, not reducing it. And with debt going up, this is going to get a lot worse. 4) INTEREST RATES The Fed moved rates from near zero to above 5% and is now getting hawkish again. This constant change shows how difficult it is to manage inflation and growth together. Also, the US now seems to be entering a period of Stagflation, which will only make things more difficult. 5) BOND YIELDS Long-term yields are rising despite Fed rate cuts. This means investors are demanding higher returns to hold US debt, increasing borrowing costs further. When this happens, it's a sign that investors are not confident. 6) MARKET SIGNAL Gold is rising, and central banks are buying more Gold. This usually happens when confidence in currency weakens. Also, central banks around the world are reducing dollar exposure. When you connect all of this: More deficits → more debt More debt → higher interest cost Higher cost → more money creation → more devaluation And the data is backing this too. If you had $100 in 2021, it's worth only $80 today. This is the worst 5-year dollar performance in 20+ years. And with everything happening, this will only accelerate. The only way to protect is to get out of fiat and opt in Bitcoin.