FTX Estate will announce $ 500,000 in investment as a cursor for AI coding platform, which is now worth nearly $ 1,000,000: report report
The FTX bankruptcy liquidators sold their stake in the cursor of the artificial intelligence (AI) coding platform for $ 200,000, which does not have a potential $ 500 million unexpected heat, according to recent reports.
By new report The Financial Times is Anysphere Inc. Developed Cursor has secured $ 9 billion worth of $ 900 million funding because the FTX sold it, supporting outstanding venture capitalist companies.
Cursor AI is a smart coding assistant aimed at improving software development, involving natural language programming, advanced code recommendations and built -in smoothing. Based on the modified version of the Visual Studio code, it aims to provide a deep code analysis, interactive conversation support and automated tools that help developers to effectively write, refine and optimize their code.
It is known that the company earns more than $ 200 million repeated revenue.
The stake was from the FTX trading branch Alameda Research, which invested $ 200,000 in the cursor seminal round in 2022. The liquidators sold the investment at the cost of the investment without being able to foresee the growth potential of the platform.
Sales stand for another sale of undervalued assets by FTX liquidators, who used to sold Sui's block chain contracts for a million dollars, which later achieved an estimation of $ 3 billion.
The inheritance continues to eliminate the liquidation of holdings in order to repay the collapse of the exchange to the clients affected by the collapse, although miscalculations have prevented recovery efforts.
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