Technology

Cursor AI Coding Startup Reports $2 Billion Revenue

Cursor, an AI coding startup, reported an annualized revenue exceeding $2 billion in February, reflecting a significant increase in demand for its artificial intelligence coding assistant. The company's revenue run rate has doubled in the past three months, with large corporate clients now accounting for approximately 60% of total revenue, indicating a strategic shift from individual developers to enterprise customers.

European Parliament Questions Meta on Privacy Violations

European Parliament legislators have questioned the European Commission regarding reports that Meta's Ray-Ban smart glasses are recording users in intimate situations without their consent. The inquiry highlights concerns about compliance with the EU's General Data Protection Regulation (GDPR), particularly as personal data from these recordings is sent to a contractor in Kenya for AI training. MEPs from various political groups across 17 countries are seeking clarity on the Commission's actions to address these privacy issues and whether further impact assessments will be conducted on proposed changes to digital policy that could affect individual privacy.

Democrats to Challenge Trump's Ban on Anthropic AI

Congressional Democrats, led by Ron Wyden, the top Democrat on the Senate Finance Committee, are preparing to challenge President Donald Trump's ban on the artificial intelligence company Anthropic PBC, which prohibits its use by federal agencies and Pentagon contractors. This ban comes as the Pentagon has secured a new agreement with rival OpenAI to deploy its AI models on classified networks, following months of negotiations that left Anthropic sidelined due to its refusal to comply with certain national security demands.

Reflection AI seeks funding to surpass $20 billion valuation

Reflection AI, a start-up backed by Nvidia, is in discussions for new funding that could elevate its valuation to over $20 billion, aligning with the Trump administration's initiative to bolster U.S. competition against China's DeepSeek. This move comes as Nvidia prepares to unveil a dedicated inference processor at its upcoming GTC developer conference, aimed at enhancing AI model efficiency.

Anthropic enhances Claude with memory feature for users

Anthropic has introduced a memory function for its AI chatbot Claude, allowing users to import past conversations from rival platforms like ChatGPT and Gemini, which is available to both free and paid subscribers. This feature aims to enhance user experience by enabling Claude to recall context across conversations, contributing to its recent rise in popularity as it became the top free iPhone app in the United States. Meanwhile, Meta is testing a shopping research tool within its AI chatbot to compete with offerings from OpenAI and Google.