Cursor is mostly an IDE / coding-agent harness company.
So it probably makes sense for them not to train their own base model, but instead license something like Kimi and fine-tune it for their own harness and workflows.
Their moat looks pretty thin. A VSCode fork with an open-source LLM fork on top. In the fast-moving coding-agent market, it’s not obvious they keep their massive valuation forever.
Their moat looks pretty thin. A VSCode fork with an open-source LLM fork on top. In the fast-moving coding-agent market, it’s not obvious they keep their massive valuation forever.