According to filings with the U.S. Securities and Exchange Commission, Magic AI dba Magic is raising up to $320,749,651.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Eric Steinberger played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Magic AI dba Magic
Magic is working on frontier-scale code models to build a coworker, not just a copilot. We believe the most promising path to safe AGI is to automate AI research and code generation to improve models and solve alignment more reliably than humans can alone. Our approach is to combine frontier-scale pre-training, domain-specific reinforcement learning, ultra-long context, and inference-time compute to achieve this goal. To support our mission, we have 8,000 H100s and raised $515 million from Nat Friedman, Daniel Gross, CapitalG, Elad Gil, Sequoia, Jane Street, Eric Schmidt and others. We are a small group of engineers and researchers working to solve a short list of fundamental research problems on a direct path to AGI. If this sounds interesting, we would love to hear from you.

To learn more about Magic AI dba Magic, visit http://magic.dev/
Magic AI dba Magic Linkedin Page: https://www.linkedin.com/company/magicailabs/

Contact:
Eric Steinberger, Chief Executive Officer
628-345-8299
https://www.linkedin.com/in/ericsteinb/

SOURCE: http://www.intelligence360.io
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