AI editor Cursor has raised $2.3 billion in a new funding round, bringing the company's valuation to $29.3 billion (Jinshi Data APP).

Odaily Planet Daily reports that AI startup Cursor (which helps engineers write code) has raised $2.3 billion in a new funding round, bringing its valuation to $29.3 billion. Cursor can analyze a programmer's actions and suggest the next few lines of code. It also offers a chatbot where users can ask questions related to code. This valuation is staggering for a startup valued at less than $10 billion just months ago, highlighting the continued and strong investor interest in all things AI-related. Advances in generative AI have driven up the valuations of a generation of coding companies utilizing the technology, such as Replit, Sweden's Lovable, and Cognition. But the challenge they face, like many AI products, is cost. AI coding companies must pay to build or access AI models to power their applications. Some venture capitalists expect these costs to decrease and customers to accept paying a premium for AI applications that deliver more value. (Jinshi)