Observed Signal · Aug 30, 2024 · Product Launch · Source: Trending Topics · Impact: 4/5 · Sentiment: Positive
Magic launches AI model with 100M token context window
Vienna-founded AI startup Magic announced the launch of its in-house AI model LTM-2 mini (Long-Term Memory), featuring a context window of 100 million tokens, far surpassing all existing models. The model can process roughly 750 novels or 10 million lines of code at once. The company also raised $320 million from investors including former Google CEO Eric Schmidt, and revealed a major partnership with Google Cloud and Nvidia to build two supercomputers, one using Nvidia H100 chips and the next using emerging Blackwell B200 chips. Magic claims LTM-2 mini is around 1,000 times cheaper per token than Meta's Llama 3.1 405B model, and can automatically generate a functional calculator app or login system. Huge context windows could reduce the need for costly pre-training, address copyright and privacy concerns, and lower usage costs.
Magic's 100M token context window represents a major leap in AI model capability, with significant implications for AI infrastructure and application development across the broader tech ecosystem.
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Key Takeaways & Evidence Grounding
- Magic launched LTM-2 mini, an AI model with a 100 million token context window.
- Magic raised $320 million from investors including former Google CEO Eric Schmidt.
- The context window is 50x larger than Google's Gemini 1.5 Pro and 780x larger than OpenAI's GPT-4o.
- Magic announced partnerships with Google Cloud and Nvidia to build two supercomputers using H100 and Blackwell B200 chips.
- Magic claims token pricing is about 1,000 times cheaper than Meta's Llama 3.1 405B.
Connected Companies & Entities
9 Entities mapped“the in Vienna founded startup Magic presented a new in-house AI model LTM-2 mini...”
“Google hat seinem aktuell stärkstem AI-Modell Gemini 1.5 Pro ein Kontextfenster von bis zu 2 Millionen Token gegeben...”
“Magic hat auch eine große Partnerschaft mit Google Cloud verkündet, um in Partnerschaft mit Nvidia gleich zwei große Supercomputer zu bauen....”
“um in Partnerschaft mit Nvidia gleich zwei große Supercomputer zu bauen...”
“bei OpenAIs Topmodell GPT-4o derzeit bei 500 Dollar nur für den Input...”
“Llama 3.1 ist in Sachen Open Source derzeit State of the Art und wurde von Meta Platforms im Sommer vorgestellt....”
“Seitens Anthropic hieß es etwa beim Launch von Claude 2.1...”
“In the comparison table of AI models, Mistral AI is listed with Large 2, Large, Medium, and Mixtral variants....”
“In the comparison table of AI models, Cohere is listed with Command R+ and Command R variants....”
Ontology Mapping & Concepts
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