A new study published by METR, a non-profit AI research organisation, has found that using AI-powered coding tools may actually slow down experienced developers despite expectations that such tools would speed up software development.

Two years after ChatGPT kickstarted the generative AI revolution, one area stands out for actually making money — writing code. A wave of AI startups is racing to reshape software development by automating the grunt work of programming, and investors are pouring in billions to back the early frontrunners.