This Week in Startups is presented by: Crowdbotics. Great ideas can change the world, and Crowdbotics is the fastest way to turn those ideas into code. Get a free scoping session for your next big app idea at http://crowdbotics.com/twist. The Microsoft for Startups Founders Hub helps all founders build a better startup, at a lower cost, from day one. Startups get up to $150K in Azure credits, access to free OpenAI credits, free dev tools like GitHub, technical advisory, access to mentors and experts, and so much more. There is no funding requirement, and it only takes minutes to join. Sign up today at http://aka.ms/thisweekinstartups. Release. Large enterprises pose unique challenges for SaaS startups. Unlock customers with unique needs for private and single-tenant hosting without the toil of DIY with Release Delivery. Get your first month free at https://release.com/twist. * 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 (31:28) The impact of Moore's Law on technology and society (37:34) Release - Get your first month free at ⁠https://release.com/twist (39:03) Alternative perspectives on the pace of AI advancement (43:14) The origins of Eric's positive outlook on AI (47:49) Thought's on AI regulation and choke points * Read LAUNCH Fund 4 Deal Memo & Apply for Funding Buy ANGEL Great recent interviews: Brian Chesky, Aaron Levie, Sophia Amoruso, Reid Hoffman, Frank Slootman, Billy McFarland, PrayingForExits, Jenny Lefcourt Check out Jason’s suite of newsletters: https://substack.com/@calacanis * Follow Jason: Twitter: https://twitter.com/jason Instagram: https://www.instagram.com/jason LinkedIn: https://www.linkedin.com/in/jasoncalacanis * Follow TWiST: Substack: https://twistartups.substack.com Twitter: https://twitter.com/TWiStartups YouTube: https://www.youtube.com/thisweekin * Subscribe to the Founder University Podcast: https://www.founder.university/podcast

Eric Steinberger, co-founder and CEO of Magic.dev, shares his innovative journey from string theory to AI. He discusses creating a software engineer co-pilot that rivals a colleague’s capabilities. The conversation dives into defining an ideal AI assistant, the importance of long context windows for accuracy, and how to navigate the path toward AGI. Eric also emphasizes balancing computational resources with user experience, hiring talented individuals in AI, and the societal implications of AGI as it evolves.

Eric Steinberger, the founder and CEO of Magic.dev, shares his journey from a young AI prodigy to an AGI innovator. He discusses the necessity of training proprietary models for success and why he believes value lies beyond applications. Eric emphasizes the importance of collaboration between AI agents and humans, and how self-managing AI can enhance productivity. He also unveils Magic's groundbreaking 100M token context window model and critiques traditional evaluation methods in AI, advocating for a focus on contextual understanding.