According to new research released Wednesday by Gartner, spending on AI coding tools is expected to rise so sharply that, by 2028, the average cost of AI-assisted software development could surpass ...

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...

SpaceX will acquire AI coding tool Cursor for $60 billion in an all-stock transaction, the companies announced today. The deal is expected to close in the third quarter. It comes just two days after ...

SpaceX has announced the $60 billion acquisition of AI coding assistant Cursor to aggressively bolster Elon Musk’s xAI division and challenge market rivals OpenAI and Anthropic. Cursor, a pioneer in ...

The move comes as Musk works to improve the coding capabilities of his Grok family of AI models. Musk recently combined his AI company, xAI, with SpaceX to form a mega-sized firm, which he took public ...

TOKYO, JAPAN - FEBRUARY 3: Open AI CEO Sam Altman speaks during a talk session with SoftBank Group CEO Masayoshi Son at an event titled "Transforming Business through AI" in Tokyo, Japan, on February ...

AI coding agent startup Niteshift has raised a $7 million seed round led by Greylock’s Jerry Chen. That’s a modest sum by AI standards, but the startup, founded by two former early Datadog engineers, ...

Postgres database startup Supabase Inc. has closed on a $500 million late-stage investment that brings its valuation to a cool $10.5 billion, it revealed today. The company, which provides ...

Uber Technologies Inc. has set usage caps on some artificial intelligence-powered tools used by its staff, a move meant to manage costs after the company blew through its AI budget earlier this year.

Uber Technologies Inc. has set usage caps on some artificial intelligence-powered tools used by its staff, a move meant to manage costs after the company blew through its AI budget earlier this year.

Coding tools are becoming an increasingly big target for Google and Microsoft as they try to catch Anthropic and OpenAI in the red-hot market. Microsoft is gearing up for coding-related announcements ...

I recently built a retirement-planning app. Today’s artificial-intelligence coding assistants allow a single person to build software that used to require a team. I’m an economist, not a programmer. I ...