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Eric Schmidt-backed Augment, a GitHub Copilot rival, launches out of stealth with $252M
Augment, a startup developing an AI-powered platform similar to GitHub's Copilot, has launched out of stealth valued at nearly $1 billion.
In 2022, Ostrovsky and Guy Gur-Ari, previously an AI research scientist at Google, teamed up to create Augment’s MVP. Overruns related to training and serving models forced generative AI coding startup Kite to shut down in December 2022. But that hasn’t stopped coders from filing class action lawsuits over what they allege are open licensing and IP violations.
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