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AI & Enterprise

Coding AI all-out battle as inference-focused AI chip shake-up accelerates

Competition among major players in coding AI is intensifying, with Anthropic’s Claude Code reaching an annualised revenue run rate of $2.5 billion and OpenAI accelerating coding-focused moves. Elon Musk’s xAI is rebuilding to sharpen its coding push. Coding AI startups are also raising funds, including Cursor and Replit, while Lovable posted $100 million in February revenue. Big tech firms are stepping up rivalry around AI inference chips, alongside a range of other AI-related corporate moves.

Finance

KOSPI tests support at 5,000, with FOMC, U.S. PPI and Nvidia GTC in focus

South Korean stocks are expected to focus this week on Middle East-driven geopolitical risks that may lift short-term volatility, alongside the U.S. Federal Open Market Committee meeting, the U.S. producer price index and Nvidia’s GPU Technology Conference. The KOSPI ended last week down 1.75 percent at 5,487.24 and the Kosdaq fell 0.15 percent to 1,152.96. Investors will also watch Micron earnings and China data and an LPR decision.

AI & Enterprise

Cursor seeks additional funding at $50 billion valuation

AI coding startup Cursor is discussing raising additional funding at a valuation of about $50 billion, according to reports. Bloomberg News said the talks are at an early stage and may not lead to a final investment deal. Cursor raised $2.3 billion in November from Accel, Thrive, Andreessen Horowitz, Coatue Management, Nvidia and Google, valuing it at $29.3 billion. The company develops AI coding tools for developers.