An AI-powered coding app called Cursor is building a fanbase, with everyone from hobbyists to engineers subscribing to the service. The platform reportedly has 30,000 paying customers, among them employees at OpenAI, Midjourney and Perplexity. Referred to as “the ChatGPT of coding,” Cursor uses popular models including GPT-4o and Claude 3.5 Sonnet to automate building apps and other coding tasks. Cursor was launched by two-year-old startup Anysphere, which has raised more than $60 million in Series A funding led by Andreessen Horowitz and Thrive Capital. Continue reading New AI Coding App Cursor Gains Following and $60M in Funds

OpenAI unveiled a $100 million OpenAI Startup Fund to fund early-stage companies pursuing ways that AI can have a “transformative” impact on healthcare, education, climate change and other fields. OpenAI chief executive Sam Altman said the Fund will make “big, early bets” on no more than 10 such companies. OpenAI, with funding from Microsoft and others, will manage the Fund. Selected projects will get “early access” to future OpenAI systems, support from OpenAI’s team and credits for Microsoft Azure. Continue reading OpenAI and Microsoft Introduce $100 Million AI Startup Fund