tech:

taffy

Magic raises $23M

Magic, a startup working on an AI-based code completion tool for software repositories, has raised a $23 million Series A funding round.

Investors in the round include CapitalG (Alphabet’s Independent Growth Fund), Nat Friedman, Elad Gil, Amplify Partners, Noam Brown, Mehdi Ghissassi, Bryan Pellegrino, Arthur Breitman, 10x Founders, William Tunstall-Pedoe, Adam Jafer, Fredrik Hjelm, Klaudius Kalcher, Roland Boubela, Xavier Sarras, Florian Huber, and Daniel Dippold.

Just in

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.