Summer of Code AI: $1.6b raised, 1 usable product
Code + AI is emphasized as a key modality in AI engineering, highlighting productivity and verifiability benefits. Recent major funding rounds include Cognition AI raising $175M, Poolside raising $400M, Codeium AI raising $150M, and Magic raising $320M. Magic announced their LTM-2 model with a 100 million token context window, boasting efficiency improvements over Llama 3.1 405B by about 1000x cheaper in sequence-dimension algorithm and drastically lower memory requirements. Magic's stack is built from scratch with custom CUDA and no open-source foundations, partnered with Google Cloud and powered by NVIDIA H100 and GB200 GPUs, aiming to scale to tens of thousands of GPUs. Google DeepMind revealed updates to Gemini Advanced with customizable expert "Gems." Neural Game Engines like GameNGen can run DOOM in a diffusion model trained on 0.9B frames. The content also references LLM quantization research by Rohan Paul.