Magic AI and Codeium, two startups using artificial intelligence to help developers work faster, have both secured major investments to fuel their growth.
Magic, which focuses on AI models specifically designed for programming tasks, raised $320 million, while Codeium, known for its AI-powered code editor, raised $150 million.
Both companies are using AI to automate repetitive tasks for developers, but they are taking different approaches to achieve this.
These investments demonstrate the strong belief in AI's potential to revolutionize software development and increase developer productivity.
