The generative artificial intelligence-powered coding startup Magic AI Inc. is reportedly hoping to raise more than $200 million in a new funding round that will bring its value to $1.5 billion. The ...

Magic is building frontier code models to automate software engineering and research. This AI coding assistance startup raised $320 million in a funding round led by former Google CEO Eric Schmidt.

July 2 (Reuters) - Magic, a U.S. startup developing artificial-intelligence models to write software, is in talks to raise over $200 million in a funding round valuing it at $1.5 billion, just several ...