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AI coding assistant Cursor raises massive $2.3 billion funding round at $29.3 billion valuation, tripling its value in just five months. The company reports over $1 billion in annualized revenue as competition intensifies in the AI development tools market.
Anysphere releases Cursor 2.0 featuring Composer, their first in-house coding model that completes tasks in under 30 seconds. The update introduces multi-agent parallel workflows and native testing capabilities for enhanced developer productivity.
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