Zencoder acquires Machinet to compete with GitHub Copilot, expanding its AI coding assistant capabilities in the JetBrains ecosystem; move highlights trend of industry giants absorbing niche players amid growing market competition.

Zencoder has acquired Machinet to bolster its position in the AI coding assistant arena, challenging GitHub Copilot. This move enhances Zencoder’s reach in the JetBrains ecosystem and underscores the trend of larger firms absorbing niche innovators amid rising competition. Zencoder’s unique features include advanced “Repo Grokking” technology and a multi-agent platform.

Source: venturebeat.com