Cognition Secures $48 Billion Valuation as Demand for AI Coding Surges

SpaceX’s acquisition of AI coding startup Cursor could be completed in the coming days. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

For two decades, buying enterprise software meant accepting a vendor’s feature set, paying per seat and hiring specialists to manage the platform. For small businesses, that model often meant paying for capabilities they never used. AI coding tools are changing that calculation. Get the Full...

Uber is limiting its employees to $1,500 in monthly token spending per artificial intelligence coding tool, Bloomberg reported Tuesday (June 2). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

xAI has reminded its employees ahead of a possible acquisition of artificial intelligence coding startup Cursor that the two companies must continue to operate independently until the acquisition is decided upon by xAI and approved by regulators, Bloomberg reported Monday (May 26). Get the Full...