AI-Powered Coding Secures Nearly $1 Billion, Emerges as 'Killer App' in Software Engineering

AI-powered coding has attracted nearly $1 billion in funding, positioning itself as a 'killer app' for generative AI. This surge in investment highlights the transformative potential of AI in software engineering, with coding assistants leading the charge. The influx of funds suggests that computer programming could be the first job significantly altered by this wave of AI technology. Developers are reportedly slashing years of work to days using generative AI tools, although there is debate over whether the excitement is genuine or driven by marketing strategies. Recent funding news includes $60 million for an AI-assisted code editor, $6 million to build an AI agent for business travel, and $2.75 million seed for an AI B2B sales companion.