AI & Enterprise
Coding AI all-out battle as inference-focused AI chip shake-up accelerates
Competition among major players in coding AI is intensifying, with Anthropic’s Claude Code reaching an annualised revenue run rate of $2.5 billion and OpenAI accelerating coding-focused moves. Elon Musk’s xAI is rebuilding to sharpen its coding push. Coding AI startups are also raising funds, including Cursor and Replit, while Lovable posted $100 million in February revenue. Big tech firms are stepping up rivalry around AI inference chips, alongside a range of other AI-related corporate moves.