Investors are placing a lot of money into the idea of an AI-made technology. An example of this is Replit, a company that is creating a program called Ghostwriter, which is an AI-powered code generator. This week, Replit managed to raise nearly $97.4 million, at a post-investment value of $1.16 billion.
Andreessen Horowitz was the main investor in the Series B extension, and other investors included Khosla Ventures, Coatue, SV Angel, Y Combinator, Bloomberg Beta, Naval Ravikant, ARK Ventures, and Hamilton Helmer.
Amjad Masad, the founder and CEO of Replit, declared that they have a goal to support one billion computer engineers and that the recently obtained funding, which puts their total raised to past $200 million total, will be used to upgrade the primary product, broaden Replit’s cloud services, and further progress artificial intelligence.
Masad asserted that AI has made the future come nearer and they anticipate extending their services for expert developers.
Located in San Francisco, Replit was established in 2016 by coders Amjad Masad, Faris Masad, and artist Haya Odeh. Before they put together Replit, Masad had taken on engineering tasks at Yahoo and Facebook, there he created softwares for development.
However, the most outstanding quality is Ghostwriter, a set of criteria powered by an AI which is educated using the code which is made available to the public. Ghostwriter – much like GitHub’s Copilot – offers proposals and rationalizes the code; taking into recognition what the users type in addition to other data from their accounts, for example, the programming languages they are employing.
It appears that the AI program Ghostwriter has driven the recent vast expansion of Replit, resulting in a collaboration with Google Cloud and greater than 22 million coders. However, this tool, as with other generative AI technologies, carries risks, as well as potential legal repercussions which still haven’t been fully explored in a court setting.
Microsoft, GitHub, and OpenAI are the subjects of a class action case claiming that they breached copyright regulations by giving Copilot the capacity to reproduce parts of sanctioned codes without giving acknowledgment. Some attorneys have asserted that AI like Copilot could put firms in danger should they inadvertently include protected material from the tool into their operational software.
It is uncertain whether Ghostwriter was programmed with licensed or proprietary code. However, Replit states that the language Ghostwriter recommends might have “wrong, offensive, or otherwise unacceptable” parts.
An investigation conducted by Stanford found that programmers who incorporate AI-powered code generators into their projects are more likely to introduce security issues into applications. Though the focus of this study was not on Replit, it is likely that users of this platform could be among those affected by these security issues.
Replit certainly has a large task ahead of them.