Founded in 2022 by Eric Steinberg and Sebastian De Ro, Magic is driven by a deep passion for AI and computer science.

Recently, Magic raised $320 million in a funding round led by prominent investors, including former Google CEO Eric Schmidt, bringing its total funding to $465 million.

This substantial investment positions Magic among the well-funded generative coding startups, alongside competitors like Anysphere and Codeium.

Magic specializes in AI-driven tools designed to assist software engineers, effectively acting as an automated pair programmer.

The company's latest model, LTM-2-mini, features an impressive 100 million-token context window, the largest available in commercial models.

This extensive context capability allows LTM-2-mini to implement advanced features, such as a password strength meter and a custom UI framework calculator.

Magic is also focused on training a larger version of its model to further enhance its capabilities.

Co-founder and CEO Eric Steinberg expressed enthusiasm about their new partnership with Google and Nvidia, highlighting the advantages it brings to their AI models.

As part of this collaboration, Magic is developing two AI supercomputers: the Magic-G4, which utilizes Nvidia H100 GPUs, and the upcoming Magic-G5, based on Nvidia's Blackwell chips.

The company plans to scale the Magic-G5 cluster to tens of thousands of GPUs, aiming for improved efficiency in AI model training and inference.

Overall, Magic's innovations and partnerships position it as a leader in the AI space, pushing the boundaries of what is possible with generative coding.