Low-key dark still-life of a metronome, a brass date stamp, and a black pawn on dark wood. No people, no logos, no envelopes.
AIMarketsNewsTech

OpenAI proposed a November 12 Cursor cutoff. Sony and Warner sued Anthropic.

Aaron Harme

Saturday into Sunday morning. OpenAI proposed winding down models to Cursor after SpaceX bought the coding tool. Sony Music Publishing and Warner Chappell sued Anthropic, naming the CEO and a cofounder. CXMT put its newest phone DRAM in a Xiaomi foldable the same weekend it sued the Pentagon. The 9th Circuit called Kalshi’s sports contracts bets, not swaps. Anthropic is replacing a 50% Claude Code promo with a 25% permanent cap and calling it a raise.

In this Brief

  • OpenAI/Cursor: proposed November 12 shutoff after the SpaceX change of control
  • Sony and Warner Chappell sue Anthropic, naming Amodei and Mann
  • CXMT LPDDR6 in Xiaomi’s 18 Fold, plus a Pentagon military-list suit
  • 9th Circuit: Kalshi sports contracts are bets, not swaps
  • Claude Code: a 25% permanent “raise” against today’s 50% promo

The cutoff is a change-of-control clause.

Setup: OpenAI says it notified SpaceX it intends to wind down the contract providing models to Cursor, with a proposed shutoff date of November 12, 2026. That is the maximum notice the contract provides.

Cursor is a coding tool. A developer writes in it. The app sends the work to someone else’s model and pastes the answer back. OpenAI was one of those vendors. Cursor rented the models. It did not own them.

Teslarati puts SpaceX’s acquisition of Cursor parent Anysphere at $60 billion: option in April, exercised in June after the SpaceX IPO, closed mid-August. OpenAI’s custom Cursor agreement gave it a limited window to cancel after a change of control. SpaceX buying Cursor is that change. OpenAI is holding cancellation to November 12 “while not providing future models to Cursor,” including the upcoming model Astra.

“This decision was incredibly tough, as we care deeply about our models being broadly available for developers. We are making this choice because we cannot be confident that SpaceX will use our technology within our terms of service, based on our experience with Elon Musk’s companies violating contracts.”

OpenAI says that after Musk acquired Twitter, now part of SpaceX, “the company broke the terms of our contract (alongside many others).” “Under oath earlier this year, Musk admitted that xAI, now also part of SpaceX, had violated OpenAI’s terms of service (terms which are similar to xAI’s own).”

The Business Times, citing Reuters, says Cursor still offers Grok as first-party, plus Anthropic and Google. Michael Truell, Cursor co-founder now a SpaceX executive, said they were speaking with OpenAI to resolve it. Truell puts OpenAI at about 5% of Cursor traffic. That 5% is his figure. Musk said he “couldn’t care less.”

Take: The feud recap is noise. The mechanism is a clause that opens when the customer gets sold.

November 12 is a proposed shutoff, not a signed termination. OpenAI is using the window it wrote, and keeping Astra off the tool in the meantime. Cursor still has other models. Truell’s 5% is not an audit.

I would keep the next model off a customer I no longer chose.

Longer cut: OpenAI is ending its Cursor contract after SpaceX bought the coding tool.

See the full breakdown at Aaron_Harme on X.

The rest of the majors named the founders.

Setup: Music Business Worldwide reports that Sony Music Publishing and Warner Chappell Music sued Anthropic over what the publishers call “one of the largest and most blatant ongoing thefts of intellectual property in history.”

The complaint names cofounder and CEO Dario Amodei and cofounder Benjamin Mann as individual defendants. It was filed Friday, August 28, in the Northern District of California. Universal’s publishing arm, Concord, and ABKCO already sued. BMG and Round Hill have cases too. This is the rest of the building walking in.

Sony and Warner Chappell seek statutory damages of up to $150,000 per work willfully infringed, plus up to $25,000 for each alleged removal of copyright management information. The complaint identifies “tens of thousands” of allegedly infringed compositions. Music Business Worldwide says that characterization would put theoretical statutory exposure in the multi-billion-dollar range.

The filing draws on Bartz v. Anthropic: Mann allegedly torrented at least five million pirated books from Library Genesis in June 2021; Anthropic employees torrented at least two million more from Pirate Library Mirror in July 2022. Another judge in the same district called the conduct “straightforward piracy but at massive scale.” The publishers also lean on Anthropic’s $1.5 billion settlement with book authors in September 2025 over the same torrenting. The $2-trillion valuation in the complaint is attributed to an August 2026 Forbes report on a projected October IPO.

Take: Universal already sued. Sony and Warner put the CEO and a cofounder on the caption.

The multi-billion figure is statutory math, not a claimed damages number in the prayer. $1.5 billion is the books settlement. $2 trillion is a filing citing Forbes, not a close.

I would start with the names on the caption.

The newest phone DRAM and a Pentagon list, same weekend.

Setup: Reuters reports that China’s top memory chipmaker, CXMT, will supply its latest LPDDR6 DRAM chips for Xiaomi’s upcoming 18 Fold. The companies said Saturday the foldable is due in September. CXMT has started mass production of LPDDR6, less than a year after LPDDR5.

Phones need a chip that holds working memory while you use the thing. That chip is DRAM. LPDDR6 is the newest version of it for mobile devices. Xiaomi said this week the folding phone is expected to use a new version of its in-house 3-nanometre processor, Xring O3, which would support LPDDR6.

Friday was CXMT’s first earnings release since listing. First-half revenue was 150.3 billion yuan ($22.36 billion), up 874% from a year earlier. Also Friday, CXMT sued the Pentagon over being placed on a list of companies the US says are aiding China’s military. Filed August 28 in the US District Court for the District of Columbia. There is no ruling. The Pentagon declined to comment.

The Straits Times, citing Reuters, has the complaint: “CXMT is not affiliated with the Chinese military.” “CXMT designs, produces, and sells its DRAM chips for civilian and commercial use, not for military use.” Biden’s Pentagon put CXMT on the list in January 2025. The Trump administration kept it there in a June update. CXMT says the Pentagon published a notice in February 2026 that the company would be removed, then withdrew the notice later the same day.

Take: The company asking a DC judge to treat it as a civilian DRAM vendor put its newest civilian DRAM in a Xiaomi foldable the next morning.

The suit is filed. It has not been won. $22.36 billion and 874% are Reuters first-half prints. The 3-nanometre chip is Xiaomi’s expected processor, not a teardown.

I would start with the notice they pulled the same day.

Longer cut: CXMT will supply Xiaomi’s September foldable as it sues the Pentagon over a military-company list.

See the full breakdown at Aaron_Harme on X.

They called them swaps. The 9th Circuit called them bets.

Setup: Ars Technica reports that a three-judge panel of the 9th Circuit unanimously ruled against Kalshi. Nevada can stop the prediction market from allowing sports bets. The judges were appointed by Trump.

Kalshi sells contracts on whether a game goes a certain way and calls them financial products. Judge Ryan Nelson wrote that the sports event contracts offered on Kalshi are sports gambling, regardless of whether Kalshi calls them swaps. “Placing sports bets, even when called by another name, is still gambling.”

The Nevada Gaming Control Board said the court “emphatically reject[ed] the view that the federal Commodity Exchange Act preempts application of Nevada’s gaming laws to sports-event contracts offered by Kalshi, Crypto.com, and Robinhood.” The 9th Circuit conflicts with the 3rd Circuit’s April ruling against New Jersey, which found sports wagers on prediction markets are swaps. That split increases the likelihood the Supreme Court takes it. The Supreme Court has not taken it.

CNBC reports the court also ruled against Crypto.com and Robinhood injunctive-relief requests. Kalshi spokesperson Dani Lever: still believe CFTC regs as written do not prohibit sports contracts. “We will be seeking further review.”

Take: One appeals court called the contracts bets. Another called them swaps.

The 9th Circuit says existing CFTC rules already prohibit gaming contracts on prediction markets. Kalshi’s listing, on that read, is unlawful even while the agency floats a proposal. Election contracts were remanded. They are, the court said, a fraction of the business.

I would treat the split as the filing.

September 14 is less room, same price.

Setup: The Mac Observer reports that Anthropic is permanently increasing standard weekly usage limits for Claude Code by 25% starting September 14, versus previous standard limits. Users currently have a temporary 50% increase. That promotion stays until September 14, then is replaced by the permanent 25%.

Anthropic, via ClaudeDevs on August 29: “Starting September 14, we’re permanently raising standard weekly limits in Claude Code by 25% for Pro, Max, Team, and seat-based Enterprise plans. Until then, the current 50% increase will be in place.”

The Mac Observer walks Anthropic’s arithmetic. Previous standard: 100%. Current temporary: 150%. Permanent from September 14: 125%. Versus today’s promo, that is about 17% less room. Anthropic has not published a token table. Actual usage still depends on the model, the length of the session, and other features on the same account. For Pro and Max, Claude and Claude Code share the same limits. Prices are not moving.

Anthropic says it landed on the new permanent limits after evaluating how much Claude Code capacity it can sustainably provide. It doubled five-hour rate limits for those plans in May.

Take: From today’s seat, September 14 is less room, same price.

The 17% is Anthropic’s comparison of the new permanent cap against the boost already in the seat, not a new token table.

I would count from the seat I have today.

See the full breakdown at Aaron_Harme on X.

Also noted

The Texas Tribune: Gov. Greg Abbott ordered state agencies to pause funding for Flock cameras. The Tribune was preparing to publish that a state agency devoted at least $30 million to the network via grants to local police. The cameras are still up. The pause is state-agency money, not a statewide unplug.

The Wall Street Journal’s Lindsay Ellis and Amrith Ramkumar, as Political Wire summarizes it: construction unions are warning politicians who oppose data centers that doors and cheques are on the line. Steamfitters UA Local 602 called it “an existential moment.” See the full breakdown at Aaron_Harme on X.

TechCrunch: Omdia estimates US microdrama revenue is expected to reach $1.5 billion this year. James Franco’s “Love, Lies & Frank” is one of the first microseries under SAG-AFTRA’s new verticals agreement.

Saturday’s Brief: a UK-funded observatory counted more than 300 July loss-of-control reports on X, almost double June. Texas skipped the $17 billion Meta table and cut a $1.05 billion side deal. The longer LOC cut.

Sources

Leave a Reply

Your email address will not be published. Required fields are marked *