Tuesday, 27 May, 2025

AI-Powered Coding Agents Spark Intense Competition Among Tech Giants and Startups

A fierce competition is emerging in the AI sector as major tech companies like Google, Microsoft, and OpenAI, along with startups such as Cursor and Bolt, race to develop advanced AI coding agents. These tools, utilizing languages like Python and Rust, are transforming software development by automating code generation and bug fixes. With AI now contributing to a significant portion of codebases, the AI coding tool market is projected to reach $12.6 billion by 2028.