Scoop w/ @rachelmetz & @RebeccaTorrenc5: Cursor in advanced talks to raise $2 billion at a $50 billion pre-money valuation, co-led by A16z with Thrive, Nvidia, others participating. https://www.bloomberg.com/...
Scoop: a16z and Thrive investing in Cursor $2B+ round. Other details are that Cursor is finally slightly gross-margin positive. The company is expecting to reach over $6B in annual run rate by end-of the year. https://techcrunch.com/...
Where is all this money coming from? I know investors, but what are they not investing in now that they would otherwise be? Because an awful lot of the money going towards AI is getting burned [embedded post]