[Cursor Plans to Raise $2 Billion, Valuation Reaches $50 Billion] Odaily Planet Daily reports that AI programming tool company Cursor is nearing the completion of a new funding round, aiming to raise at least $2 billion with a pre-money valuation of $50 billion. This round is expected to be led by Thrive Capital and Andreessen Horowitz, with strategic investors such as NVIDIA participating, and Battery Ventures potentially joining as a new investor. If successfully completed, the company's valuation would see a significant increase from approximately $29.3 billion six months ago. In terms of revenue, Cursor's annualized revenue as of February this year was around $2 billion, and it is projected to exceed $6 billion by the end of 2026. Meanwhile, the company has achieved positive gross margins in certain business areas through its self-developed models and optimized cost structure. (TechCrunch)