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Other breakthroughs abounded. Cursor, founded in 2022 by a group of MIT grads, became one of the world’s fastest-growing startups ever off the strength of its AI coding tool, achieving $1 billion in annual revenue. “I would guess that one of the biggest stories over the next year or two will be the real productivity gains within software engineering and coding [becoming] more horizontally applied” to other sectors of the economy, says Cursor CEO Michael Truell. Meanwhile, a concerted push across the industry was driving up the efficiency of AI models, leading to an increase in total usage. “I think there is near infinite demand for intelligence,” says Turley, the head of ChatGPT.
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