Delaware’s attorney general is hiring an investment bank to advise on OpenAI’s for-profit conversion, the Wall Street Journal reported on Wednesday. The independent evaluation could prolong the transition, or gum up OpenAI’s plans even further. OpenAI’s conversion will help it attract new investment and eventually go public, but first, the startup needs to secure approvals […]
Cursor’s Anysphere nabs $9.9B valuation, soars past $500M ARR
Anysphere, the maker of AI coding assistant Cursor, has raised $900 million at a $9.9 billion valuation, Bloomberg reported. The round was led by a returning investor Thrive Capital, with…