anysphere
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Company #Anysphere Inc, which created an artificial intelligence-based tool for programming automation called Cursor, raised $2.3 billion. As a result of the funding round, the coding tool developer was valued at $29.3 billion, reports the Wall Street Journal.
The leaders in financial contributions were the Accel and Coatue funds, with participation from Thrive Capital and DST Global. According to Anysphere's CEO Michael Truell, companies #Google and #Nvidia were also invited to participate "to deepen strategic partnerships".
For the tech giant, this was the largest funding round in the company's history, founded in 2022.
The startup is developing an AI environment that analyzes the actions of a programmer and suggests the next lines of code. The tool also includes a chatbot that answers programming questions. The platform's interface is built on the Visual Studio Code from corporation #Microsoft .
#AI
The leaders in financial contributions were the Accel and Coatue funds, with participation from Thrive Capital and DST Global. According to Anysphere's CEO Michael Truell, companies #Google and #Nvidia were also invited to participate "to deepen strategic partnerships".
For the tech giant, this was the largest funding round in the company's history, founded in 2022.
The startup is developing an AI environment that analyzes the actions of a programmer and suggests the next lines of code. The tool also includes a chatbot that answers programming questions. The platform's interface is built on the Visual Studio Code from corporation #Microsoft .
#AI
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FTX 'Sells Hastily' Stake in Anysphere: Losing Hundreds of Millions USD When Valuation Reaches 9 Billion USD?
FTX Estate revealed a potential loss of hundreds of millions of USD when selling its stake in Anysphere for 200,000 USD in 2023, while the valuation of this company currently stands at 9 billion USD. Could this be FTX's biggest mistake? Let's analyze in detail.
FTX Sells Stake in Anysphere: A Wrong Decision
In April 2023, #FTX Estate sold its stake in Anysphere owned by Alameda Research (through Clifton Bay Investments LLC) for 200,000 USD, exactly the same amount invested in 2022, to raise funds to pay debts. However, Anysphere – the company developing Cursor, an AI programming assistance application – is now valued at 9 billion USD, making the value of FTX's stake previously estimated at 500 million USD, resulting in a potential loss of hundreds of millions USD.
FTX Sells Stake in Anysphere: A Wrong Decision
In April 2023, #FTX Estate sold its stake in Anysphere owned by Alameda Research (through Clifton Bay Investments LLC) for 200,000 USD, exactly the same amount invested in 2022, to raise funds to pay debts. However, Anysphere – the company developing Cursor, an AI programming assistance application – is now valued at 9 billion USD, making the value of FTX's stake previously estimated at 500 million USD, resulting in a potential loss of hundreds of millions USD.
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