Magic AI is a San Francisco-based startup developing advanced artificial intelligence systems to automate software development. Founded in 2022 by Eric Steinberger and Sebastian De Ro, the company has raised over $145 million from top investors like CapitalG, Nat Friedman, and Elad Gil. Magic's platform allows developers to describe requirements in natural language, and the AI generates the corresponding code - acting as a collaborative partner capable of understanding context, suggesting improvements, and identifying potential issues.

The founders envision Magic's AI as a stepping stone towards artificial general intelligence (AGI). Central to this ambition is the company's novel Long-term Memory Network architecture, enabling massive context windows up to 5 million tokens to comprehend entire codebases. With thousands of GPUs already deployed, Magic is actively recruiting a team united by technical excellence and a drive to create transformative AI tools that could accelerate global progress.

However, demonstrating superior performance and securing widespread adoption will be critical challenges amid stiff competition from established players like GitHub Copilot and well-funded AI coding startups. Magic must differentiate itself through continued innovation and a keen focus on real-world usability for its AI software engineer.