Sources: Cognition is raising around $1B at a ~$47B valuation, up from $26B in May; Cognition received nearly $10B in investor interest (Bloomberg)

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Bloomberg:

Sources: Cognition is raising around $1B at a ~$47B valuation, up from $26B in May; Cognition received nearly $10B in investor interest — Artificial intelligence coding startup Cognition AI Inc. is set to close a new round of funding that would vault its valuation to about $47 billion, according to people familiar with the efforts.