Anthropic rival Cursor eyes $2 bn raise at $50 bn valuation

Cursor is nearing a new funding round that could value the AI coding startup at $50 billion, TechCrunch reported. It aims to raise at least $2 billion. Cursor's existing investors Thrive Capital and Andreessen Horowitz are likely to lead this financing effort, while new investor Battery Ventures may participate. Cursor is a rapidly growing competitor to Anthropic and OpenAI.