Free · No account

Create your own personal news briefing

A daily PDF of the news that moves your tickers — summaries and market impact, delivered an hour before the open.

Back to The Tape

Business Insider

07 Jul 2026, 23:22 UTC · 2h ago

Perplexity is quietly building an AI coding tool to take on Cursor and Claude Code

NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.

ShareX LinkedIn

Perplexity is quietly building an AI coding tool to take on Cursor and Claude Code

What the story claims

3 claims · each scored for market impact

What matters in this story

1
Perplexity has developed an internal AI coding tool codenamed 'Teammate' designed for long-horizon engineering work and project ownership. — Expanding into AI coding increases Perplexity's total addressable market and creates direct competition with high-growth tools like Cursor and Claude Code.
+0.40
2
The 'Teammate' tool is model-agnostic, meaning it is not reliant on one specific underlying chatbot model. — Model-agnosticism reduces platform dependency and allows the company to pivot to the most efficient LLM as the technology evolves.
+0.20
3
Perplexity has not yet publicly launched the tool and it remains unclear when or if a public release will occur. — The lack of a firm launch date limits the immediate commercial impact and revenue potential of the development.
-0.10

Which stocks this story touches

6 related stories

The Motley Fool
1h ago
SpaceX Borrowed $25 Billion and Is Buying Up AI Companies. Here's What That Means for Every Tech Stock in Your Portfolio.
- ai
- GOOGL
Read

Perplexity is quietly bu… — GOOGL -0.20 | NewsImpactScreener

Perplexity is quietly building an AI coding tool to take on Cursor and Claude Code

What matters in this story

SpaceX Borrowed $25 Billion and Is Buying Up AI Companies. Here's What That Means for Every Tech Stock in Your Portfolio.

Perplexity is quietly building an AI coding tool to take on Cursor and Claude Code

What matters in this story

SpaceX Borrowed $25 Billion and Is Buying Up AI Companies. Here's What That Means for Every Tech Stock in Your Portfolio.

How each ticker is affected

Track these names every morning.

Impact by category

Biggest drivers

Most positively impacted

Most negatively impacted

Anthropic Launches Mobile Access for Claude Cowork

Zoom: Buying Before The Market Prices In The Anthropic Stake (Upgrade)

GTM INVESTOR ALERT: Faruqi & Faruqi, LLP Reminds ZoomInfo Investors of Securities Class Action Lawsuit Deadline on August 24, 2026

Meta Launches New Image Generation Tool for Consumers and Businesses

Kalshi traders see slim odds U.S. government will take a stake in OpenAI this year

Perplexity is quietly building an AI coding tool to take on Cursor and Claude Code

What matters in this story

Next reads from the same story arc

SpaceX Borrowed $25 Billion and Is Buying Up AI Companies. Here's What That Means for Every Tech Stock in Your Portfolio.

Perplexity is quietly building an AI coding tool to take on Cursor and Claude Code

What matters in this story

Next reads from the same story arc

SpaceX Borrowed $25 Billion and Is Buying Up AI Companies. Here's What That Means for Every Tech Stock in Your Portfolio.

How each ticker is affected

Track these names every morning.

Impact by category

Biggest drivers

Most positively impacted

Most negatively impacted

Anthropic Launches Mobile Access for Claude Cowork

Zoom: Buying Before The Market Prices In The Anthropic Stake (Upgrade)

GTM INVESTOR ALERT: Faruqi & Faruqi, LLP Reminds ZoomInfo Investors of Securities Class Action Lawsuit Deadline on August 24, 2026

Meta Launches New Image Generation Tool for Consumers and Businesses

Kalshi traders see slim odds U.S. government will take a stake in OpenAI this year