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Top stories today:
- Cursor maker said to weigh investment offers at $30B valuation
- TSMC Q3 revenue +30% YoY to $32.5B, driven by AI chip demand
- N8n raises $180M at $2.5B valuation, backed by NVIDIA
- Samsung researcher unveils 7M, open-weight Tiny Recursion Model
- NVIDIA gets U.S. nod for some UAE sales in Trump AI diplomacy move
- First pig-to-human liver transplant performed by Chinese surgeons
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Cursor maker, Anysphere, said to weigh investment offers at $30B valuation
Some investors have already purchased existing shares at around that level.
Cursorās ARR jumped 10x to $500M between Nov.-Jun.
Anysphere reportedly turned down $18B-$22B offers this summer.
150+ is the headcount at Anysphere.
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3. TSMC Q3 revenue +30% YoY to $32.5B, driven by AI chip demand
+30% in TSMCās shares this year.
TSMC is the go-to chipmaker for NVIDIA, AMD, and Broadcom.
Oct. 16: the companyās full Q3 results will be released.
4. N8n raises $180M at $2.5B valuation, backed by NVIDIA
