Observed Signal · Feb 19, 2024 · Funding · Source: Trending Topics · Impact: 3/5 · Sentiment: Positive
Magic's LTM-1 LLM Surpasses GPT-4 and Gemini in Context Window
Magic, the Vienna-founded AI startup led by Eric Steinberger and Sebastian De Ro, announced a $117 million funding round with participation from former GitHub CEO Nat Friedman, his investment partner Daniel Gross, and Alphabet's growth fund CapitalG. The company's goal is to build an AI software developer that can handle complete jobs, not just isolated tasks, and eventually advance toward AGI. Magic's LTM-1 model features a context window of 5 million tokens, far exceeding other leading LLMs: Google's Gemini 1.5 has 1 million, OpenAI's GPT-4 Turbo has 128,000, Anthropic's Claude 2 has 100,000, Mistral's Mixtral has 32,000, and Meta's Llama 2 has 4,096. This large context allows the coding assistant to process an entire code repository. Interested users can join a waitlist for the alpha version.
The 5 million token context window is a significant technical milestone in LLM development, with potential downstream benefits for AI-powered business and advertising tools, though it is not an AdTech-specific event.
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Key Takeaways & Evidence Grounding
- Magic raised $117 million in a funding round announced in February 2024.
- Investors include Nat Friedman, Daniel Gross, and Alphabet's CapitalG.
- Magic's LTM-1 LLM provides a context window of 5 million tokens.
- LTM-1's context window exceeds Gemini 1.5, GPT-4 Turbo, Claude 2, Mixtral, and Llama 2.
- Magic aims to build an AI software engineer capable of completing full jobs, seen as a path toward AGI.
Connected Companies & Entities
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“Former GitHub CEO Nat Friedman is mentioned as an investor in Magic....”
“Google's Gemini 1.5 model has a context window of 1 million tokens, compared to Magic's 5 million....”
“OpenAI's GPT-4 Turbo has a context window of 128,000 tokens....”
“Anthropic's Claude 2 has a context window of 100,000 tokens....”
“Meta's Llama 2 has a context window of 4,096 tokens....”
“Mistral AI's Mixtral 8x7B has a context window of 32,000 tokens....”
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