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AI & Enterprise

Uber, Microsoft move to control AI costs as \'model mixing\' gains ground

Companies are moving away from simply increasing artificial intelligence use and are adopting cost-control strategies that assign different AI models by task. The approach, known as “model mixing,” is gaining attention as AI spending rises. Executives and users describe choosing cheaper models for routine work and reserving top-tier systems for complex tasks. Model-routing software that automatically assigns requests to suitable models is also drawing interest, as firms seek to balance performance and costs.

AI & Enterprise

Microsoft dropped consideration of acquiring AI coding startup Cursor

Microsoft considered acquiring AI coding startup Cursor but later dropped the idea, CNBC reported. The company reviewed the deal to bolster its AI tools but decided not to bid. Microsoft has built a position in the developer market with GitHub Copilot, while the AI coding market is led by Cursor, Anthropic and OpenAI. CNBC said SpaceX has signed a contract giving it the right to buy Cursor for $60 billion this year.

AI & Enterprise

AI coding startup Cursor nears $2 billion funding at $50 billion valuation

AI coding startup Cursor is in talks to raise more than $2 billion in new funding at a $50 billion valuation, Bloomberg News reported, citing four people familiar with the matter. Existing investors Thrive and Andreessen Horowitz are expected to lead the round. Battery Ventures may participate, and Nvidia is also expected to invest. Bloomberg said the round is already oversubscribed, but final terms are not set.