Cursor released the third-generation programming model Composer 2 on March 20, with prices significantly reduced to $0.50 per million input tokens and $2.50 per million output tokens, while launching a fast version. Composer 2 outperforms its predecessor on multiple benchmarks, but falls short of GPT-5.4, with improvements primarily coming from continued pre-training of the base model and reinforcement learning. The model is exclusively available for internal use within Cursor, and its parent company Anysphere has a valuation of $29.3 billion.