Cognition valuation flushed $40 billion to prepare for financing

The valuation of AI Programming Corporation Cognition has reached $40 billion, an increase of more than 50 per cent from $26 billion at the end of May. By reference to sources, Bloomberg argued that Cognition was in initial contact with investors and was planning to finance at least $40 billion, which was expected to exceed $1 billion. Cognition ' s core product, Devin, is an AI programming anent that can take tasks, write codes, run tests and deliver codes. In addition, SpaceX had just acquired Cursor for $60 billion and was now exposed to an intention to acquire Cognition, which was not involved in the negotiations. The company CEO Scott Wu then called the report "not true" in social media, stressing that the company "does not sell" and that both sides "do not talk"。