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The software development world is experiencing its biggest transformation since the advent of open-source coding. Artificial intelligence assistants, once viewed with skepticism by professional developers, have become indispensable tools in the $736.96 billion global software development market. One of the products leading this seismic shift is Anthropic’s Claude.
Claude is an AI model that has captured the attention of developers worldwide and sparked a fierce battle among tech giants for dominance in AI-powered coding. Claude’s adoption has skyrocketed this year, with the company telling VentureBeat its coding-related revenue surged 1,000% over just the last three months.
Software development now accounts for more than 10% of all Claude interactions, making it the model’s most popular use case. This growth has helped propel Anthropic to an $18 billion valuation and attract over $7 billion in funding from industry heavyweights like Google, Amazon, and Salesforce.