Good Morning, Builders.
The AI gold rush is printing new valuations at breakneck speed: Cursor is in talks for a $50B raise while Atlassian fires 1,600 engineers to fund its own pivot. Nvidia dropped a free 120B-parameter model for anyone building agents, Microsoft crossed the aisle to back Anthropic in a landmark Pentagon fight, and Oracle's earnings just confirmed that AI infrastructure demand is locked in for years.
Let’s get to work.
The Headlines
1. Cursor Is Worth More Than Most Automakers Now
AI coding tool Cursor is in late-stage talks for a new funding round at roughly $50 billion, nearly double its valuation from last fall. The company hit $2 billion in annualized revenue in February, a number that doubled in just three months, with 60% coming from enterprise customers. Talks are still preliminary, but the trajectory signals the market may be pricing in a winner-take-most dynamic in the AI coding wars. (Bloomberg)
2. Atlassian Fires 1,600 To Fund The AI Future
Atlassian is cutting 1,600 employees, roughly 10% of its global workforce, in a restructuring the CEO says is designed to "self-fund further investment in AI and enterprise sales." The move will cost $225-236M in severance and office exits, with its CTO also stepping down effective March 31. If you're running a software company and haven't done the AI staffing math yet, Atlassian just handed you a case study. (CNBC)
3. Nvidia’s New Open Model Runs 5X Faster & Costs A Fraction
Nvidia released Nemotron-3 Super, a 120B-parameter open-source model purpose-built for agentic workflows like software development and cybersecurity. The hybrid architecture activates only 12B parameters during inference, delivering 5x the throughput of prior models at significantly lower cost. It's available today on Hugging Face, Google Cloud, and a dozen inference providers: frontier-class reasoning, no data center required. (NVIDIA)
4. Uber, Nissan & Wayve Are Taking On Tokyo’s Toughest Roads
Uber, Nissan, and British AI startup Wayve announced a Tokyo robotaxi pilot by late 2026, with Nissan Leaf EVs running Wayve's self-driving software hailed on the Uber platform. Tokyo is notoriously difficult: dense traffic, narrow lanes, rigorous safety standards. Wayve, backed by SoftBank and Nvidia, is already targeting 10+ global cities with London next in line. If this works in Tokyo, it works anywhere. (Yahoo Finance)
5. Microsoft Backed Its Biggest AI Rival in Court
Microsoft filed a legal brief supporting Anthropic in its court fight against the Pentagon, arguing the military's "supply chain risk" designation sets a dangerous precedent for the entire AI industry. Microsoft told the court that "AI should not be used to conduct domestic mass surveillance or put the country in a position where autonomous machines could independently start a war." When your fiercest competitor shows up in court for you, the stakes are bigger than one contract. (Federal News Network)
6. Amazon's Robotaxi Is Coming to Texas and Arizona
Amazon's Zoox is expanding robotaxi testing to Phoenix and Dallas, pushing its footprint to 10 U.S. cities after logging more than 1 million autonomous miles and serving 300,000+ riders. A new command hub opens in Scottsdale with hundreds of jobs on the way. Waymo still leads in commercialization, but Zoox has Amazon's balance sheet, and it's accelerating. (CNBC)
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To the Arena,
- Founders Daily Brief Team
