Exclusive-AI coding startup Magic seeks $1.5-billion valuation in new funding round, sources say

By Anna Tong and Krystal Hu (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 months after its last capital raise, three sources told Reuters. Investors including Jane Street are expected to participate…

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