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AI Startups Revolutionize Coding Industry, Leading To Sky-High Valuations
Wednesday June 4, 2025. 02:00 PM , from Slashdot
![]() These 'vibe coding' platforms allow users to write software using plain English commands, attempting to fundamentally change how code gets written. Cursor went from zero to $100 million in recurring revenue in under two years with just 60 employees, though both major startups spend more money than they generate, Reuters reports, citing investor sources familiar with their operations. The surge comes as major technology giants report significant portions of their code now being AI-generated -- Google claims over 30% while Microsoft reports 20-30%. Meanwhile, entry-level programming positions have declined 24% as companies increasingly rely on AI tools to handle basic coding tasks previously assigned to junior developers. Read more of this story at Slashdot.
https://developers.slashdot.org/story/25/06/04/0820246/ai-startups-revolutionize-coding-industry-lea...
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