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Economy

Cursor raises $900M at $10B valuation as AI coding tools command sky-high prices, but mounting energy costs and economic reality suggest consumers will foot the bill for this expensive bubble.

5 min read

AI Coding Startups Hit $10B Valuations

Picture of Writing Team Writing Team: Jun 4, 2025 8:00:00 AM

Cursor just raised $900 million at a $10 billion valuation for building AI that writes code. Meanwhile, the energy required to power these systems is...

Startup Economy AI news
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The New York Times licenses content to Amazon for AI training while simultaneously suing OpenAI for copyright violation.

4 min read

New York Times Signs AI Deal With Amazon While Suing OpenAI

Picture of Writing Team Writing Team: May 30, 2025 8:00:00 AM

There's something beautifully absurd about The New York Times announcing its first AI licensing deal with Amazon on the same day their lawyers are...

News Business Economy
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Anthropic CEO Dario Amodei warns AI could eliminate half of entry-level white-collar jobs within 5 years. Meanwhile, Trump burns coal and Congress sleeps. The reckoning is coming.

4 min read

Anthropic CEO Warns AI Could Eliminate Half of Entry-Level White-Collar Jobs Within Five Years

Picture of Writing Team Writing Team: May 30, 2025 8:00:00 AM

There's something deliciously dystopian about Dario Amodei standing on stage last week, demonstrating his latest AI model's ability to code at...

News AI Jobs Economy
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