This Week in Startups

Magic.dev CEO Eric Steinberger on making developers bionic | E1744

May 17, 2023

Eric Steinberger, CEO and Co-founder of Magic.dev, shares insights on transforming development with AI-powered code generation tools. He demonstrates how their technology drastically reduces coding time, opening new doors for entrepreneurs. The conversation also touches on the societal impacts of rapid AI advancements and how these innovations could revolutionize developer productivity, effectively doubling efficiency within a year. Steinberger discusses the importance of trust in AI-generated code and the future potential of augmented intelligence.

57:28

Creator website

Episode guests

Eric Steinberger

Highlights

AI Chapters

Episode notes

A Privacy-Focused Version of AI with Private Cloud Solutions

01:08

Predicting the Time Frame for AI Doubling Efficiency of Developers

00:57

Building a thing that surpasses civilization

00:59

Using a Large Code Base for Enhanced Auto-Completion

01:02

Intro

3min

Revolutionizing Code Completion with AI

8min

Overcoming Technical Challenges in Startups with Innovative Solutions

3min

The Future of Coding with AI

6min

Advancements in AI: Empowering Developers and Non-Developers Alike

5min

Automation and the Future of Development

11min

Evolving Technology and the Developer Dilemma

4min

Technological Advancements and Employment Impact: A Generational Perspective

2min

Navigating the Exciting Yet Risky Landscape of AI Advancement

4min

10.

Navigating AI Responsibility

11min

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Today’s show:

Jason is joined by Magic.dev CEO and Co-Founder Eric Steinberger to discuss how his startup makes developers more efficient with AI by auto-generating code. The first portion of the interview features Eric demoing his software. Then, Jason and Eric dive into the impact that these rapid AI advancements will have on society (31:28), how their tools have the potential to significantly minimize coding time and what that means for entrepreneurship (13:55), and much more!

Time stamps:

(00:00) Eric Steinberger joins Jason

(1:44) Eric and Jason explain what Magi.dev is

(3:43) Eric Demos Magic.dev

(9:13) What makes this AI model unique

(11:02) Crowdbotics - Get a free scoping session for your next big app idea at ⁠http://crowdbotics.com/twist⁠

(12:11) Magic.dev's motivation behind building their own language model

(13:55) The efficiency gains achieved with Magic.dev

(17:32) Exploring reinforcement learning and grounding the AI model

(19:45) Microsoft for Startups Founders Hub - Apply in 5 minutes for six figures in discounts at http://aka.ms/thisweekinstartups

(21:19) The two parallel paths unfolding

(23:57) How close we are to developing more capable AI systems