Generative AI coding startup Magic lands $320M investment from Eric Schmidt, Atlassian and others

Quick Summary:

Magic, an AI startup developing models to generate code and automate a range of software development tasks, says that it’s raised a large tranche of cash from investors including ex-Google CEO Eric Schmidt.

One-click checkout tech company Bolt is still waiting to find out if shareholders will sign off on a proposed funding round with stipulations that founder Ryan Breslow would return as CEO.

Intel has found its first — and perhaps only — cloud customer for its Gaudi 3 AI accelerator chips: IBM Cloud.

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Article Details

Author / Journalist: Kyle Wiggers

Category: StartupsBusiness

Markets: United StatesIndia

Topics: Startups Fundraising Startup Magic Funding Generative AI AI Coding Dev

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 17:37:20 (2 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 833 words

Reading Time: 5 minutes read

Sentences: 60 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22299350

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