AI-driven coding assistants have amassed nearly $1bn of funding since the start of last year, a signal that software engineering is becoming the first “killer app” for generative artificial intelligence.
Companies such as Replit, Anysphere, Magic, Augment, Supermaven and Poolside AI raised $433mn so far this year alone, bringing the total since January 2023 to $906mn, according to Dealroom.
The rush to pour money into AI coding assistants is an indication that computer programming is the first job function to be transformed by the latest wave of AI technology.
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