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Microsoft Corp. (NASDAQ:MSFT) had been reportedly eyeing AI coding startup Cursor before SpaceX made headlines with its $60 billion acquisition option of the company.
The Satya Nadella-led company’s interest in Cursor was part of its strategy to expand its artificial intelligence tools in the rapidly growing AI market.
However, the tech giant ultimately chose not to move forward with a bid, CNBC reported on Wednesday.
Microsoft and Cursor did not immediately respond to Benzinga‘s request for comments.
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