However, the use of AI in code generation has legal implications, as seen with Microsoft, GitHub, and OpenAI being sued for allegedly violating IP law with their AI tool, Copilot. It's unclear how Laredo Labs handles potential IP issues. Despite the legal challenges and competition, Laredo Labs has raised $8.5 million in seed funding and plans to expand its team.
Key takeaways:
- Developers are increasingly embracing AI tools for code generation, with 77% feeling positive about using AI in their workflows, according to a survey by Stack Overflow.
- Laredo Labs, co-founded by Mark Gabel and Daniel Lord in 2022, is developing an AI-driven platform for code generation that can write, edit, and delete code based on high-level natural language commands.
- Generative coding tools like Laredo's can be legally risky, as they may inadvertently use copyrighted code. It's unclear what Laredo's policy is in this regard.
- Laredo Labs has raised $8.5 million in a seed round co-led by Radical Ventures and Horizons Ventures and plans to expand its team from eight to ten by the end of the year.