Generative AI programming startup Magic recently announced a huge financing of US$320 million, led by former Google CEO Eric Schmidt, attracting the participation of many well-known investment institutions including CapitalG and Atlassian. This round of financing pushed Magic's total financing to nearly $465 million, making it one of the most funded companies in the field of AI programming. Magic's core technology lies in its unique "Long-term Memory Network" (LTM), which has a very long context window, can process massive data, greatly improving the efficiency and accuracy of code generation. This financing will further promote Magic's innovation and development in the field of AI programming.
Magic, a startup focused on generative AI programming, has demonstrated strong competitiveness in the field of AI programming with its breakthrough "Long-term Memory Network" (LTM) technology and its collaboration with Google Cloud. . Its latest model, LTM-2-mini, can handle up to 100 million tokens, far exceeding the existing mainstream models in terms of computing efficiency. Magic is committed to automated code writing, auditing and debugging, aiming to improve the work efficiency of software engineers. In the future, Magic will continue to expand its computing capabilities, realize more powerful AI models, and lead the future development of the field of AI programming. Official blog link: https://magic.dev/blog/100m-token-context-windows