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AI-driven coding assistants have attracted nearly $1b in funding, signaling software engineering as the first "killer app" for generative AI. Despite the enthusiasm, monetizing AI remains challenging, with investors questioning the economic benefits and returns on Big Tech's massive infrastructure investments.
“When using GPT-3, OpenAI’s first major model, we figured out relatively quickly that it was so good at writing code that we could build a product around this,” said Thomas Dohmke, chief executive of GitHub, which was acquired for $7.5bn by Microsoft in 2018. The prototype turned into GitHub Copilot, an AI coding assistant that was launched widely in 2022 and has nearly 2mn paying subscribers. “Now, the model writes better code than the average developer,” Dohmke said. As of April, GitHub’s revenue was up 45 per cent year on year and, according to Microsoft chief executive Satya Nadella, its annual revenue run rate was $2bn at the start of this month. “Copilot accounted for over 40 per cent of GitHub revenue growth this year"
https://www.ft.com/content/4868bd38-613c-4fa9-ba9d-1ed8fa8a40c8
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