Cursor 3 Ditches VS Code Editor-First Design for Agent Orchestration Platform — $60B Valuation, $2B ARR

Implicator·high signal

Cursor 3 launched April 2 as a rebuilt agent-orchestration platform in Rust and TypeScript, replacing the code-editor-first VS Code fork with an Agents Window for dispatching and monitoring multiple AI coding agents across local and cloud machines. Anysphere hit $2B ARR (doubling from $1B in just three months) and a $60B valuation. However, early users flag costs — one spent $2,000 in two days — while Claude Code holds 54% of the AI coding market with a flat-rate model. The IDE is now a fallback, not the default.