Cursor was on track to close a $2 billion funding round this week but chose to halt discussions after SpaceX offered a $10 billion "collaboration fee" and a path to a $60 billion acquisition.
While many startups founded prior to the emergence of ChatGPT are struggling to position themselves for the AI era, Vercel, a 10-year-old dev tool and website hosting platform, is benefiting from the explosion of AI-generated apps and agents.
Last month, Sierra launched Ghostwriter, an agent designed to build other agents. With this βagent as a serviceβ tool, the startup intends to replace traditional click-based web applications with natural language. Users simply describe what they need, prompting Ghostwriter to autonomously create and deploy a specialized agent to execute the task.