Cursor has launched its third-generation programming model, Composer 2, offering significant performance improvements and cost reductions. The standard version is priced at $0.50/$2.50 per million tokens for input/output, marking an 86% decrease from Composer 1.5. A faster version is available at $1.50/$7.50, set as the default option. Composer 2 achieved a 61.7% score on the Terminal-Bench 2.0, surpassing Opus 4.4's 58.0% but behind GPT-5.4's 75.1%. The model also improved on the SWE-bench Multilingual with a score of 73.7%, up from 65.9%, and on CursorBench with 61.3%, up from 44.2%. These advancements are attributed to continued pretraining and reinforcement learning. Composer 2 is exclusively available within Cursor and not as a standalone API. Anysphere, Cursor's parent company, holds a valuation of $29.3 billion.