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Funding2026-07-04

Cursor Maker Anysphere Raises $900M at $9B Valuation

Anysphere, the company behind AI code editor Cursor, has closed a $900 million Series C round at a $9 billion valuation. The round was led by Thrive Capital with participation from a16z and Accel.

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Policy2026-07-04

Alibaba Classifies Claude Code as High-Risk, Bans Internal Use

Alibaba has reportedly banned its employees from using Claude Code, classifying Anthropic's AI coding tool as high-risk software. The move signals growing corporate anxiety around agentic coding tools with deep codebase access.

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Policy2026-07-04

Midjourney Demands Hollywood Studios Disclose Their Own AI Use

Midjourney is using its ongoing legal battle with three Hollywood studios to compel them to disclose how they themselves use AI tools — a move that could expose industry-wide hypocrisy around AI adoption. The discovery request cuts both ways: studios suing over AI training data may be quietly using the same category of tools they're fighting against.

Funding2026-07-04

Harvey AI Hits $5B Valuation in Latest Legal AI Funding Round

Legal AI startup Harvey has closed a new funding round at a $5 billion valuation, backed by Google and Sequoia, as enterprise demand accelerates for AI tools in contract review, litigation research, and regulatory compliance. The round signals continued investor conviction that vertical AI built for high-stakes professional services can command premium valuations.

Funding2026-07-04

Magic.dev Raises $320M to Build Long-Context Code Models

Magic.dev has closed a $320M Series C led by Sequoia Capital, valuing the company at $1.5B, to accelerate its long-context software engineering models capable of reasoning over entire codebases.

Launch2026-07-04

OpenAI Operator Expands Globally, Opens Computer-Use API to Enterprise

OpenAI's Operator browser agent is now live in 30 additional countries, and the underlying Computer-Use API is being opened to enterprise API customers so they can build their own browser automation agents.

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