At Fortune’s AI Brainstorm conference, Cursor co‑founder and CEO Michael Truell said the company has no near‑term IPO plans and is instead concentrating on expanding its product suite. He highlighted the rollout of home‑grown large language models, a shift to a usage‑based pricing model that passes API fees directly to customers, and new cost‑management tools for enterprises. Truell also outlined future priorities, including more complex agentic functions such as automated bug fixing and a deeper focus on serving whole development teams. He positioned these moves as a way to stay competitive amid growing AI coding‑assistant rivals. Read more →