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Rani Molla

Meta appoints former Trump adviser Dina Powell McCormick as first-ever president and vice chairman

Meta announced Monday that Dina Powell McCormick, a longtime Goldman Sachs executive who served on Meta’s board for eight months before resigning in late 2025 and was the deputy national security adviser during the first Trump administration, has been appointed the company’s first-ever president and vice chairman.

President Trump congratulated McCormick on Truth Social, calling her appointment a “great choice by Mark Z!!!” and saying she’s a “fantastic, and very talented, person, who served the Trump Administration with strength and distinction!”

CEO Mark Zuckerberg said her “experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth.” That role will include building capital partnerships to help fund Meta’s massive AI infrastructure investments. Powell is married to GOP Pennsylvania Senator Dave McCormick, a former executive at the hedge fund Bridgewater.

President Trump congratulated McCormick on Truth Social, calling her appointment a “great choice by Mark Z!!!” and saying she’s a “fantastic, and very talented, person, who served the Trump Administration with strength and distinction!”

CEO Mark Zuckerberg said her “experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth.” That role will include building capital partnerships to help fund Meta’s massive AI infrastructure investments. Powell is married to GOP Pennsylvania Senator Dave McCormick, a former executive at the hedge fund Bridgewater.

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SpaceX seals right to buy coding startup Cursor for $60 billion

SpaceX said today it is “working closely together” with fast-growing coding startup Cursor “to create the world’s best coding and knowledge work AI.” The post also said SpaceX would have the right to acquire Cursor later this year or make the startup “pay $10 billion for our work together.” The New York Times, citing people familiar with the matter, previously reported that the companies had agreed to an acquisition.

The news comes as SpaceX prepares for a blockbuster IPO and doubles down on AI, with a growing — if still fully aspirational — focus on space-based data infrastructure and computing.

Last month, when SpaceX hired two senior leaders from Cursor, CEO Elon Musk noted that xAI, which SpaceX acquired earlier this year, “was not built right first time around, so is being rebuilt from the foundations up.”

ChatGPT Images 2.0 sample aliens

OpenAI releases new image generation model with complex capabilities

ChatGPT Images 2.0 marks a big leap forward in image generation as OpenAI seeks to distinguish its features from Anthropic’s Claude.

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