HomeArtificial IntelligenceAI coding startup Magic seeks $1.5-billion valuation in new funding round

AI coding startup Magic seeks $1.5-billion valuation in new funding round

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Magic, a U.S. startup, is raising $200 million for AI software development without revenue. Investors are funding coding assistants like GitHub Copilot. Paris-based Poolside AI also trains large language models. Magic’s unique design surpasses transformer models, focusing on long-context windows for data processing.

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