Magic has announced that it has raised $320 million in funding to develop an artificial intelligence coworker for AI research and code generation.

The mentioned funds were received from a group of investors, which includes former Google chief executive officer Eric Schmidt. The information was published on the Magic blog last Thursday, August 29.

The total amount of investment raised by the company is currently at $465 million. In addition to Eric Schmidt, the firm’s latest round of funding also included Jane Street, Sequoia, and Atlassian.

A post published on the Magic blog notes that the company believes that the most promising path to safe artificial general intelligence is to automate AI research and generate code to improve models and solve alignment more reliably than humans can alone. The firm’s blog also contains information about Magic’s intention to build its next two supercomputers on Google Cloud.

In February, Magic raised $23 million in Series A funding. At that time, the company said the funding would accelerate its journey to build a true AI colleague for software engineering.

It is worth noting that during the period of active development and intensive scaling of the process of using artificial intelligence, the issue of cybersecurity becomes more relevant. In this context, it is worth noting that fraudsters also have access to AI, which makes their activities more sophisticated. Against the backdrop of this threat, personal awareness of users is important. For example, a request in the Internet search system such as how to know if my camera is hacked will allow anyone to get information about signs of unauthorized access to the device.