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Cognition AI in Early Negotiations for Funding at $25 Billion Valuation
On April 24, foreign media reported, citing informed sources, that Cognition AI is in the early stages of negotiations for a new round of funding. The company is experiencing a growing demand for its generative artificial intelligence technology in software development, and this round of funding is expected to more than double its valuation to $25 billion. One insider indicated that the AI coding startup aims to raise hundreds of millions of dollars or more. Negotiations are ongoing, and terms may change.