The rapid rise, and very uncertain future, of a $30 billion AI company
- 4 days ago
- 1 min read
FORTUNE — It’s a story distinctly of the AI era: Cursor is four years old but already has an innovator’s dilemma, arguably outgunned by newer products in the market it popularized. Every AI startup fears OpenAI or Anthropic releasing a product directly in competition with theirs. It’s the nightmare scenario, and Cursor is living it, more quickly than Truell and his team ever expected.
“I’ve been building some form of software for 27 years now,” says Aaron Levie, Box CEO and Cursor customer. “Every single friend I have says the same thing: The sheer rate of change is unlike anything we’ve ever seen.”
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