Replit CEO details path to artificial developer intelligence, raises new $20M investment

VentureBeat Presents: AI Unleashed An Exclusive Executive Program for Enterprise Data Leaders. Typically the only way for those shares to become liquid or cashable is if the company is acquired or has an initial public offering (IPO). The company is now preparing to expand new efforts to help developers become even more productive, with the power of AI supporting them.One thing we try to make clear to the world, to ourselves and to our employees, is that we are not in the business of selling AI, OpenAI, Anthropic and those types of companies can focus on that, Amjad Massad, CEO of Replit, told VentureBeat. Were in the business of selling a dream, with the aim of making the software of your dreams more accessible and programming more accessible.An exclusive invitation-only evening of insights and networking, designed for senior enterprise executives overseeing data stacks and strategies.Why did Replit create its own LLM for Code?Replits coding LLM technology competes against several rival technologies such as GitHub Copilot, Amazon CodeWhisperer, and open source efforts such as StarCoder and the Code Llama project.Massad emphasized that Ripples approach is somewhat different because his company has an entire platform. And so it will be necessary to learn to code to understand whats happening behind the scenes to catch those cases.The Path to Agents and Artificial Developer Intelligence (ADI)Replit is now preparing for its next developer day event on November 14, where the company will detail progress so far and outline a vision for the future.One of the things Replit will talk about is the companys approach to what are commonly known as AI agents, which are becoming an increasingly popular way of automating various tasks and extending AI.That agent approach could include providing LLMs access to tools used by humans so they can install software packages, manage application runtimes, and automatically deploy code.