Magic, a startup focused on generative AI programming, has announced the completion of $320 million in funding, bringing its total financing to nearly $465 million. This round of funding was led by former Google CEO Eric Schmidt, with participation from several well-known investors. Magic's core technology, the Long-Term Memory Network (LTM), can handle vast amounts of data and avoid bias when generating code. Its latest model, LTM-2-mini, can process 100 million tokens, equivalent to 10 million lines of code or 750 novels. In partnership with Google Cloud, it plans to establish two '