FTX ESTATE 500,000,000 dollars flounder of investment as an artificial intelligence coding platform now valued at approximately $ 1,000,000,000: Report
FTX bankruptcy has sold its share in the AII Coding Platform (AI) for $ 200,000, and has lost a possible $ 500 million, according to recent reports.
According to a new a report From The Financial Times, Cursor – which was developed by Anysphere – got $ 900 million of financing for $ 9 billion since its sale by FTX, with the support of prominent capitalist companies.
Cursor AI is an intelligent coding assistant aimed at promoting software development by integrating natural language programming, advanced software suggestions, and correcting compact errors. Based on a modified version of the Visual Studio symbol, it aims to provide a deep symbol analysis, interactive chat support, and automatic tools to help developers write, refine them and improve them efficiently.
According to what the company was born, more than $ 200 million of repeated annual revenues.
The share arose from the FTX trading arm, Alameeda Research, which invested $ 200,000 in the founding seed tour in 2022. The candidates sold cost investment, and they failed to expect the podium growth capabilities.
The sale represents the sale of assets of less than its value by FTX LIQUIDATORS, who previously sold Sui Blockchain contracts for a million dollars later reached an evaluation of $ 3 billion.
The property continues to liquidate the holdings to pay off customers affected by the stock exchange collapse, although poor appreciation has hindered the recovery efforts.
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