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      AI coding startup Cognition to raise about $1 billion at $47 billion valuation

      PANews reported on September 2, according to Jin10, citing people familiar with the matter, that the AI programming startup Cognition AI is close to completing a new round of financing, which will send its valuation soaring to about $47 billion. The people familiar with the matter said the company’s latest funding round is around $1 billion. One of the people said that because demand for Cognition’s round far exceeded expectations, the final financing size could exceed $1 billion. The person added that Cognition has already received nearly $10 billion in investment interest. The people familiar with the matter said negotiations are still ongoing and specific details could still change.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud