Magic AI, a startup developing AI-powered coding tools, is hoping to score $200 million in a new funding round.
This would boost the company's value to $1.5 billion, a huge jump from its previous valuation.
Magic AI hasn't released a product yet, but investors are excited about its potential to revolutionize software development by using AI to automate coding.
The company's technology promises to make it easier and faster for developers to create apps and programs by using natural language to describe what they want.
