OpenAI has agreed to buy Windsurf, an AI-powered coding assistant, in a deal worth about $3 billion. If completed, this will be OpenAI’s biggest acquisition so far. The deal will boost OpenAI’s strength in the growing market for AI coding tools and improve the coding features inside ChatGPT.
Windsurf, once called Exafunction and later Codeium, builds tools that help developers write, fix, and improve code using plain language. OpenAI’s move shows how serious it is about helping software developers become faster and more productive with AI.
The new deal comes at a time when developers are turning to AI to speed up software projects. OpenAI has already powered GitHub Copilot, one of the most popular AI coding tools used today. By buying Windsurf, OpenAI aims to take coding support in ChatGPT to the next level.
Before this, Windsurf raised $150 million in August 2023 at a value of $1.25 billion, with backing from firms like General Catalyst and Kleiner Perkins. The startup had recently discussed raising more funds at a $3 billion value—the same figure OpenAI is now paying.
This deal follows OpenAI’s earlier purchase of Rockset, a search and analytics company, in a major stock deal. OpenAI is trying to grow in areas beyond text, especially in tools for business users. Its active user base is also growing fast. In February, it hit over 400 million weekly users, up from 300 million in December.
However, OpenAI faces financial pressure. It expects to spend about $28 billion in 2025 while bringing in only $12.7 billion. To manage this, the company is looking to earn more and expand its services. Reports say OpenAI may raise to $40 billion in a new round of funding, with support from SoftBank. If successful, this could raise its value to $300 billion.
The market for AI coding assistants is booming. Experts predict it will grow from $4.3 billion in 2023 to $12.6 billion by 2028. That’s a growth rate of 24% every year. This growth is fueled by demand for faster, smarter software development.
Big tech firms are betting big on this trend. Microsoft has GitHub Copilot, while Amazon, IBM, and Google are also building AI coding tools. Startups like Anysphere, the maker of Cursor, have raised lots of money too. Since early 2023, companies in this space have raised nearly $1 billion.
By buying Windsurf, OpenAI is putting itself at the front of this trend, aiming to become the leader in AI software development.
The report noted that “Nigeria contributed 4 percent of all global new Web3 developers—the highest from any African country.” This growth not only marks a milestone for the local tech scene but positions Nigeria as a central force in the continent’s blockchain evolution.
Microsoft announced the decision earlier this year, citing Teams’ enterprise-ready tools and broader collaboration features as key drivers of the move. Designed with remote work in mind,
Unity Bank Plc has launched GenFi, a new digital banking app that helps children and teenagers in Nigeria learn how to manage money. The bank unveiled the app at a ceremony in Lagos. GenFi is designed for users aged 8 to 18 and aims to teach them how to save, budget, and spend wisely, while […]
Naspers and its European-listed subsidiary, Prosus NV, have appointed Nico Marais as their permanent Chief Financial Officer (CFO). This decision, backed by both companies’ boards, comes after Marais served as interim CFO since December 2024, following Basil Sgourdos’ retirement. Marais, 51, brings more than 25 years of experience at Naspers. He has played major roles […]
Maasai Technologies has launched a new mergers and acquisitions (M&A) platform to help African startups find buyers and plan smart exits. This tool supports founders who want to sell their companies or merge with others when growth slows or funding dries up. This launch comes at a key moment for Africa’s tech space. According to […]
OpenAI has agreed to buy Windsurf, an AI-powered coding assistant, in a deal worth about $3 billion. If completed, this will be OpenAI’s biggest acquisition so far. The deal will boost OpenAI’s strength in the growing market for AI coding tools and improve the coding features inside ChatGPT. Windsurf, once called Exafunction and later Codeium, […]
Starlink’s direct-to-cell (D2C) service is shaking up the telecom market and pushing mobile network operators (MNOs) to rethink their strategies or risk falling behind. Elon Musk’s satellite internet company launched its D2C technology globally between 2024 and 2025. This service lets users with regular 4G and 5G smartphones connect directly to Starlink satellites for texting, […]
According to financial results published on the Nigerian Exchange Limited (NGX), the company recorded a total revenue of N1.06 trillion in Q1 2025 — a 40.5% surge compared to N752.96 billion in Q1 2024. Profit before tax stood at N202.55 billion, a striking reversal from the N390.67 billion loss posted in the previous year.
Following the rollout, President Bola Ahmed Tinubu ordered all Ministries, Departments, and Agencies (MDAs) to adopt the platform for verification and authentication purposes.
Ikwudinma stepped into the top risk role in 2022, after joining the Ecobank Group in 2019. For the past three years, he has led the bank’s risk management strategy, helping it weather significant macroeconomic headwinds.
The report noted that “Nigeria contributed 4 percent of all global new Web3 developers—the highest from any African country.” This growth not only marks a milestone for the local tech scene but positions Nigeria as a central force in the continent’s blockchain evolution.
Microsoft announced the decision earlier this year, citing Teams’ enterprise-ready tools and broader collaboration features as key drivers of the move. Designed with remote work in mind,
Unity Bank Plc has launched GenFi, a new digital banking app that helps children and teenagers in Nigeria learn how to manage money. The bank unveiled the app at a ceremony in Lagos. GenFi is designed for users aged 8 to 18 and aims to teach them how to save, budget, and spend wisely, while […]
Naspers and its European-listed subsidiary, Prosus NV, have appointed Nico Marais as their permanent Chief Financial Officer (CFO). This decision, backed by both companies’ boards, comes after Marais served as interim CFO since December 2024, following Basil Sgourdos’ retirement. Marais, 51, brings more than 25 years of experience at Naspers. He has played major roles […]
Maasai Technologies has launched a new mergers and acquisitions (M&A) platform to help African startups find buyers and plan smart exits. This tool supports founders who want to sell their companies or merge with others when growth slows or funding dries up. This launch comes at a key moment for Africa’s tech space. According to […]
OpenAI has agreed to buy Windsurf, an AI-powered coding assistant, in a deal worth about $3 billion. If completed, this will be OpenAI’s biggest acquisition so far. The deal will boost OpenAI’s strength in the growing market for AI coding tools and improve the coding features inside ChatGPT. Windsurf, once called Exafunction and later Codeium, […]
Starlink’s direct-to-cell (D2C) service is shaking up the telecom market and pushing mobile network operators (MNOs) to rethink their strategies or risk falling behind. Elon Musk’s satellite internet company launched its D2C technology globally between 2024 and 2025. This service lets users with regular 4G and 5G smartphones connect directly to Starlink satellites for texting, […]
According to financial results published on the Nigerian Exchange Limited (NGX), the company recorded a total revenue of N1.06 trillion in Q1 2025 — a 40.5% surge compared to N752.96 billion in Q1 2024. Profit before tax stood at N202.55 billion, a striking reversal from the N390.67 billion loss posted in the previous year.
Following the rollout, President Bola Ahmed Tinubu ordered all Ministries, Departments, and Agencies (MDAs) to adopt the platform for verification and authentication purposes.
Ikwudinma stepped into the top risk role in 2022, after joining the Ecobank Group in 2019. For the past three years, he has led the bank’s risk management strategy, helping it weather significant macroeconomic headwinds.
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