Zed is a high-performance, multiplayer code editor built in Rust with AI integration and real-time collaboration. It handles native speed, multiplayer, ai assist, and vim mode, and it's best suited for developers wanting a fast, collaborative code editor. Launched in 2022, it's a relatively recent entrant that's been gaining traction.

The core product is entirely free. Since it's open-source, you can self-host for free with no user limits. It's designed for small teams, striking a balance between simplicity and collaboration features.