OpenAI's Codex: Performance in software engineering

May 20, 2025

Hey there!

Welcome back to The Pulse, where we dive into interesting AI stories and trends backed by data, all presented through simple visuals.

> OpenAI launched new AI coding agent Codex based on o3 - optimized for software engineering

> can perform multiple tasks in parallel - writing code, debugging, answering database questions, etc.

> currently only available to Pro, Enterprise, and Team users & operates offline

> takes ~1-30 mins to complete tasks + can link to GitHub repositories

> although beats o3 at coding tasks, is slightly less safe according to OpenAI's tests

> most startups focus on clinical documentation, followed by medical coding

> current estimated valuations:

  • Abridge: $2.75B (after raising another $250M in Feb 2025)

  • Ambience Healthcare: ~$300M

  • Suki: ~$500M

  • Regard: $350M

> genAI healthcare market: expected $3.3B in 2025, projected to reach $39.8B by 2035

> cloud computing company currently has 250,000 GPUs in 32 datacenters, with Microsoft being the biggest customer (62% of revenue in 2024)

> first reported revenue since IPO beat expectations: $853M expected vs $981.6M in Q1 '25

> 737% revenue growth in 2024; projected 363% in 2025 at $4.9B-$5.1B

> signed $4B contract + five-year agreement worth $11.9B with OpenAI, who gets $350M in stock