Cursor Valued at $9B, Bryan Johnson Launches AI Religion, ByteDance Cuts VR Jobs, Baidu Buys Huawei Chips, Shein Eyes $90B IPO Amid Legal, Market Hurdles.
AI Coding Assistant Cursor Reportedly Valued at $9 Billion. AI coding tools are attracting massive investment. Cursor reportedly raised $900M led by Thrive, valuing parent Anysphere at $9B, with a16z & Accel joining. Investors are betting big on AI assistants for developers.
Bryan Johnson Wants a New Religion Where Your Body is God Forget just living forever. Bryan Johnson's Don't Die movement is now a religion aimed at a bigger threat: AI. He wants to unite humanity and align AI with our survival before it's too late.
ByteDance Slashes Pico VR Jobs Due to Slow Sales ByteDance's VR ambitions face reality checks. More layoffs hit Pico as headset demand lags behind optimistic forecasts. It's a major restructuring despite big investments, impacting sales & content teams most. Hardware team spared.
Baidu Turns to Huawei for AI Chips Amid US Restrictions Baidu ordered 1,600 Huawei 910B Ascend AI chips, seeking Nvidia alternatives ahead of stricter US export rules. Over 1,000 chips already delivered in the ~$62M deal for its ERNIE model development.
Shein Targets $90 Billion Value for Its Upcoming US IPO. Shein eyes a massive $90B US IPO despite a recent valuation dip to $50B and headwinds like Temu competition and legal issues. Profitability remains strong, projecting $2.5B net income this year.
