Gate News message, April 24 — Cognition AI, an AI coding startup, is in early-stage negotiations for a new funding round that would more than double its valuation to $25 billion, according to sources familiar with the matter. The company aims to raise hundreds of millions of dollars or more as demand for generative AI technology in software development continues to grow.
The funding discussions are ongoing, and deal terms remain subject to change.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hong Kong-Listed MiniMax-W Falls Over 14%, Zhipu Drops Over 6% on DeepSeek Model Launch
Gate News message, April 27 — Hong Kong-listed MiniMax-W fell over 14% intraday, while Zhipu dropped over 6% during the same session.
The decline followed DeepSeek's release of a new model on Friday and its announcement of limited-time promotional offers on
GateNews2m ago
Gentrace Co-Founders Doug Safreno and Vivek Nair Join Anthropic Following AI Evaluation Tool Shutdown
Gate News message, April 27 — Doug Safreno, co-founder and CEO of AI evaluation and observability platform Gentrace, announced on X that he has joined Anthropic. Gentrace, which helped enterprises test and monitor LLM output quality, secured $8 million in Series A funding led by Matrix
GateNews24m ago
A California court will hear Elon Musk’s lawsuit against OpenAI, and the CEO of Microsoft will testify in court.
Elon Musk filed a lawsuit over OpenAI’s alleged betrayal of its nonprofit founding commitments, and on April 27 launched jury selection in a California court. The presiding judge is Yvonne Gonzalez Rogers. According to court documents, Microsoft CEO Satya Nadella is listed as a witness who will testify during the trial, with a final ruling to be issued before mid-May.
MarketWhisper47m ago
Samsung SDS Secures Rights to Sell OpenAI's ChatGPT Edu in South Korea
Gate News message, April 27 — Samsung SDS, the IT services arm of Samsung Group, announced it has secured rights to sell OpenAI's ChatGPT Edu. The company is running a proof of concept with the National Korea Broadcasting and Communications University, covering approximately 90,000 students,
GateNews52m ago
India Launches $650M AI City Project in Bengaluru Targeting 25,000 Researchers by 2030
Gate News message, April 27 — India is developing a $650 million AI city in Bengaluru, featuring a 500,000-square-foot facility designed to serve as the world's first physical laboratory for agentic AI. The project offers 400 Gbps connectivity to four major AI cloud providers and plans to
GateNews1h ago
Sam Altman Outlines OpenAI's Five Operating Principles, Signals Possible Future Model Capability Restrictions for Safety
Gate News message, April 27 — OpenAI CEO Sam Altman released five operating principles for the company under his personal signature, signaling that OpenAI may restrict user access to model capabilities in certain periods to prioritize safety. In the statement, Altman described a potential future
GateNews2h ago
