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Bloomberg Tech

AI Funding Frenzy Continues with Cursor, Thinking Machines

Bloomberg Tech

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 14 November 2025

⏱️ 47 minutes

🧾️ Download transcript

Summary

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the latest moves in tech stocks as skepticism grows about whether the Federal Reserve will cut interest rates in December. Plus, Thinking Machines, the AI startup founded by former OpenAI executive Mira Murati, is in talks to raise funding at a $50 billion valuation. And Cursor CEO Michael Truell discusses the AI-coding startup’s latest fundraise at a $29.3 billion valuation.

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Transcript

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0:00.0

For every six Chinese people, there's a Ping'an customer, we have accumulated a massive amount of the customer data, not just on the financial side, but end-to-end across channels thanks to our AI advancements.

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This is the Technology Empowered Growth at Ping-Anne podcast. In our latest episode, Ping-an is utilizing technology to provide integrated and personalized 24-7 support

0:21.8

for China's rapidly growing elderly population.

0:24.6

Now available on Spotify, Apple Podcast, and Pingan's website.

0:30.2

You can get the news whenever you want it with Bloomberg News Now.

0:34.4

I'm Amy Morris.

0:35.5

And I'm Karen Moscow here to tell you about our new on-demand

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news report delivered right to your podcast feed. Bloomberg News Now is a short five-minute audio

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And we don't wait an hour to publish breaking news. When news breaks, we'll have an episode up in your podcast feed within minutes. So you're always getting the latest stories

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1:26.9

or anywhere you listen.

1:30.9

Bloomberg Audio Studios.

1:33.4

Podcasts, Radio, News.

1:39.8

Bloomberg Tech is live from coast to coast, with Caroline Hyde in New York and Ed Lovlo in San Francisco.

1:50.6

This is Bloomberg Tech coming up. Tech stocks whipsaw, as skepticism grows about the Fed, being able to cut interest rates in December.

1:58.4

Plus thinking machines, the AI startup founded by former OpenAI exec, Miramirati,

2:03.2

is in talks to raise funding at $50 billion valuation.

...

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