What to understand of this whole story: This is a vibe coded agent that is replicable in little time. There is no value in the technology itself. There is value in the idea of personal agents, but this idea is not new. The value is in the hype, from the perspective of OpenAI. I believe they are wrong (see next points) We will see a proliferation of personal agents. For a short time, the money will be in the API usage…
> Those hypes are forgotten as fast as they are created. Remember Cursor? of course--i use it every day. are you implying Cursor is dead? they raised $2B in funding 3 months ago and are at $1B in ARR...
Who?
> are you implying Cursor is dead? they raised $2B in funding 3 months ago and are at $1B in ARR
That is the problem. It doesn't matter about how much they raised. That $2B and that $1B is paying the supplier Anthropic and OpenAI who are both directly competing against them.
Cursor is operating on thin margins and still continues to losing money. It's now worse that people are leaving Cursor for Claude Code.
In short, Cursor is in trouble and they are funding their own funeral.