AI startup Poolside raises $500M as AI coding market booms

AI startup Poolside has raised a whopping $500mn — and it still hasn’t even launched a product.
Despite the barren release schedule, the company has become an investors’ darling. The new Series B round brings Poolside’s total funding to $626mn. Its valuation now stands at a cool $3bn.
The cash magnet is a AI-powered coding. Poolside has developed its own language model, which promises to accelerate software development.
The company also boasts two eye-catching co-fou...

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