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Cognition raised more than $1 billion at a $26 billion valuation as Devin usage and revenue surged, tightening the race for AI coding agents across enterprise software teams.
The post AI Coding Startup Cognition Hits $26B Valuation After Massive $1B Raise appeared first on eWEEK.
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Anthropic raised $65 billion in new fund-raising that put its value at $900 billion, ahead of OpenAI's last valuation of $730 billion, as the companies duel for A.I. dominance.
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The chip maker said its profit in its most recent quarter jumped 211 percent from a year earlier thanks to extreme demand from other big technology companies.
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With custom chips and billions in investment, this high-stakes infrastructure battle could shape the future of AI.
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