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💻 Development: AI Code-Gen Firms Reach Stratospheric Valuations

2025-06-06 Category: News Briefs Views(93)

Companies automating code creation are raking in capital. Industry leader Cursor closed a $900 million round valuing it at $10 billion, while rivals report similar investor fervor. These platforms convert plain-English prompts into production-ready code, enabling developers to offload routine tasks to AI copilots and focus on higher-level design.

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