Richard Nieva / Forbes:
Replit raised a $400M Series D led by Georgian Partners at a $9B valuation and says it's on track to hit annual recurring revenue of $1B by the end of the year  —  Amjad Masad's Replit allows users to build apps together like they're doodling on a white board.  It also made the Jordanian immigrant a billionaire along the way.

CNBC:
Atlassian is cutting 10% of its workforce, or ~1,600 jobs, to fund investment in AI and enterprise sales; filing: the cuts will incur $225M-$236M in charges  —  Atlassian said on Wednesday that it's eliminating 10% of its workforce, or about 1,600 jobs, as the company restructures following …

Tom Dotan / Newcomer:
Sources: Cursor is in early talks to raise billions in a new funding round at a post-money valuation of up to $60B; one source puts the round size at $5B  —  Very early discussions involve a $5 billion raise at a valuation of up to $60 billion  —  Can a company be declared both passé and the next big thing?

Michelle Chan / Financial Times:
Sources: investors demanded steep concessions in Salesforce's $25B bond deal to fund a share buyback; it sold debt at a significant premium in borrowing costs  —  Software group sold debt at significant premium in borrowing costs in sign of Wall Street jitters over AI disruption

Akash Sriram / Reuters:
Nuro says it has begun testing its self-driving tech on public roads in Tokyo, marking the US-based company's first international autonomous deployment  —  U.S.-based startup Nuro said on Wednesday its self-driving vehicles are now operating on public roads in Tokyo with safety operators present …