<\/p>\n
FTX bankruptcy liquidators sold its stake in the artificial intelligence (AI) coding platform Cursor for $200,000, missing a potential $500 million windfall, according to recent reports.<\/p>\n
According to a new report<\/a> from the Financial Times, Cursor \u2013 developed by Anysphere Inc. \u2013 has secured $900 million in funding at a $9 billion valuation since being sold off by FTX, with backing from prominent venture capitalist firms.<\/p>\n Cursor AI is a smart coding assistant that aims to enhance software development by incorporating natural language programming, advanced code suggestions, and built-in debugging. Based on a modified version of Visual Studio Code, it aims to provide deep code analysis, interactive chat support, and automated tools to help developers efficiently write, refine, and optimize their code.<\/p>\n The company reportedly generates more than $200 million in annual recurring revenue.<\/p>\n The stake originated from FTX\u2019s trading arm, Alameda Research, which invested $200,000 in Cursor\u2019s seed round in 2022. Liquidators sold the investment at cost, failing to anticipate the platform\u2019s growth potential.<\/p>\n The sale represents another undervalued asset sale by FTX liquidators, who previously sold SUI blockchain contracts for $1 million that later reached a $3 billion valuation.<\/p>\n The estate continues liquidating holdings to repay customers affected by the exchange\u2019s collapse, though the miscalculations have hampered recovery efforts.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" FTX bankruptcy liquidators sold its stake in the artificial intelligence (AI) coding platform Cursor for $200,000, missing a potential $500 million windfall, according to recent reports. According to a new report from the Financial Times, Cursor \u2013 developed by Anysphere Inc. \u2013 has secured $900 million in funding at a $9 billion valuation since being […]<\/p>\n","protected":false},"author":2,"featured_media":391474,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-391472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=391472"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391472\/revisions"}],"predecessor-version":[{"id":391477,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/391472\/revisions\/391477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/391474"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=391472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=391472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=391472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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