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Bloomberg
12 minutes ago
- Bloomberg
Anysphere CEO on Cursor Being Valued at $9.9 Billion
Anysphere, the company behind AI coding assistant Cursor, has raised its valuation to $9.9 billion, as some call the three-year-old startup the fastest-growing software company. Michael Truell, CEO of Anysphere, joins Caroline Hyde and Ed Ludlow on 'Bloomberg Technology.' (Source: Bloomberg)
Forbes
16 minutes ago
- Forbes
Microsoft Issues Critical Windows Update—Do Not Delete This
You have been warned — do not hit delete. NurPhoto via Getty Images You won't like this. If you're at risk from this Windows security vulnerability, the fix is a nightmare unless you're a fairly expert user. That's not ideal, and it's all down to an update quietly installed on your PC without explanation in April. You may recall the awkward saga of the 'inetpub' folder and 'Microsoft's confusing messaging on deleting or not deleting this mysterious folder on your PC that could leave you and your PC at risk.' Plenty of users deleted the folder that suddenly turned up. 'After installing this update or a later Windows update,' Microsoft later explained, the new folder will appear on your device. 'This folder should not be deleted.' This empty folder, Windows Latest explains, 'is typically associated with Internet Information Services (IIS), which is a native Windows service that allows developers to host websites or apps on Windows 11.' The empty folder appeared without explanation. 'Some of us assumed that it's a bug with the cumulative update and deleted the folder.' Now we have news of an actual fix. 'If you deleted the 'inetpub' folder, created after Windows April 2025 updates,' Windows Latest warns, 'you need to immediately bring it back.' You can turn on the IIS service or 'use a new PowerShell script.' Only after all those deletions did the explanation come. The 'inetpub' folder 'is created as part of a security patch for CVE-2025-21204,' Windows Latest says, 'and it doesn't matter whether IIS is turned on or not. It'll show up, and you're not supposed to delete it, and if you deleted it, please bring it back, according to Microsoft.' You can turn on IIS, 'however, that's something most people don't want to do because IIS also creates additional folders, which are not required unless you're a developer. Instead you can run Microsoft's newly released PowerShell script. First ensure you're logged in as an Administrator, then you can follow Windows Latest's instructions: Mostly users are unlikely to go through this, which will leave them at risk. 'As per Microsoft, without the folder and its correct ACLs (Access Control Lists), you remain exposed to potential privilege escalation or unauthorized access.'
Forbes
16 minutes ago
- Forbes
The U.S. Government Is Stuck With SpaceX. But Trump Can Still Hurt It.
Donald Trump and Elon Musk arrive for a test launch of SpaceX's Starship rocket on November 19, 2024, in Brownsville, Texas. In the barrage of attacks that President Donald Trump and Elon Musk fired at each other Thursday, one stood out: Trump's threat to cancel federal contracts with companies owned by the world's richest man. The primary target: SpaceX, which has received at least $21 billion in government contracts, with about $13 billion still outstanding. Musk probably doesn't have much to fear. Legally, the Trump administration would likely enmire itself in lengthy legal disputes if it appeared to cancel contracts out of spite. Moreover, as the world's No. 1 launch provider and maker of low-Earth orbit satellites, SpaceX may have made itself indispensable. 'The [U.S. government] is simply too locked in to cut them off over a social media meltdown,' said Kimberly Siversen Burke, director of government affairs at the consultancy Quilty Space. Nonetheless, there are some types of contracts that could be vulnerable for cancellation, and ways the government could lessen its dependence on SpaceX going forward. The 134 rockets SpaceX launched last year accounted for 83% of all satellites put into orbit worldwide. With its reliable, partially reusable Falcon 9, the company has come to dominate U.S. national security launches. Its chief competitor, United Launch Alliance, a joint venture of Boeing and Lockheed Martin, has struggled to keep up, with multiyear delays in developing its new Vulcan rocket. The U.S. government may have more options to carry its military satellites to space going forward. Vulcan is now operational and Blue Origin, the space company founded by Musk's billionaire rival Jeff Bezos, pulled off a successful first launch of its New Glenn rocket in January. In the latest round of contracts awarded by Space Force, SpaceX won 28 launches from 2027 through 2032, a little more than half, with ULA getting 19 and Blue Origin seven. But ULA and Blue Origin have their hands full scaling up, said Todd Harrison, a defense and space analyst with the American Enterprise Institute. 'There's no replacing SpaceX. You just do not have the capacity in our other launch options.' SpaceX has also become a major supplier of national security satellites. The National Reconnaissance Office is depending on SpaceX to build out a multibillion-dollar network of hundreds of spy satellites in low-Earth orbit based on the company's Starshield platform. For delivering cargo and astronauts to the International Space Station, NASA has also had to rely on SpaceX, as Boeing has struggled to fix defects in its Starliner spacecraft. But there are some relatively small-dollar SpaceX contracts that could be vulnerable, said Burke. The government could lower its exposure to SpaceX by looking for early phase development programs that don't have a contractor locked in yet. For example, SpaceX has won roughly $140 million in contracts on an Air Force program to test whether commercial satellite services can be integrated into tactical military communications, Burke said. Another way Trump could hurt Musk, as well as Ukraine, would be to cancel or reduce a $537 million contract to provide Starlink satellite communications services to the Ukrainian military. But rather than targeting existing contracts, where the administration could make a greater impact is by steering new business to others and reorienting its plans. The Commerce Department could backtrack on a revamp announced in March to a $42 billion program to expand rural broadband access that was expected to make Starlink eligible to compete for grants. Till now the program has only included telecom companies laying fiber-optic cables. Trump could also pull back from the support he promised in his inaugural address for Musk's ultimate ambition: to reach Mars. 'Where Trump can single handedly harm SpaceX in a significant way is redirecting the mission goals for NASA,' Harrison said. Given how mercurial Musk has proven to be, perhaps diversifying away from SpaceX isn't a bad idea. Burke worries, however, that the bad blood will undo years of work to convince the Pentagon and other national security agencies that they can rely on any commercial companies. 'Elon's antics are threatening to rewind the tape,' she said. MORE FROM FORBES
