Citing 528btc, Anysphere, the developer of AI coding assistant Cursor, has no plans for an IPO and is instead focusing on new feature development. The company has achieved $1 billion in annualized revenue and is valued at up to $29.3 billion. CEO Michael Truell stated that the company uses both external LLM models and its own proprietary models, comparing competitors' products to 'concept cars.' After shifting to a usage-based pricing model, Cursor is developing enterprise cost management tools and working on complex end-to-end tasks like bug fixing, while expanding team-oriented features.
Cursor CEO Explains Why OpenAI and Anthropic Competition Won't Undermine Startup
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