alt Hacker NewsSo a stable company like JetBrains, which sells developer tools and has extensive experience in compilers, ended up with a net financial loss. Meanwhile, Cursor—a startup only a few years old, founded by students, built on a VS Code fork, and primarily powered by OpenAI's API—was valued at $60 billion.
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AIblemblio • today at 1:40 PM
By Musk, from a company who was doing an IPO and has to deliver flashy things fast.
Don't overestimate the relevance to this.
This financial loss is a report at a point in time about that point in time. A company's valuation is also reported at a point in time but it represents an aggregation of how much profit the company might generate across time (please forgive the layman's understanding). They are apples and oranges.