AI startup Cognition just raised $2 billion, catapulting its valuation to $48 billion—up from $26 billion just four months ago. Backed by Andreessen Horowitz and Accel, the company’s annualized revenue has surged from $500M to $900M since May, signaling massive market demand for AI coding tools. While Cursor was valued at $50B before being acquired by SpaceX for $60B, Cognition is now commanding a higher revenue multiple. With compute costs soaring—hundreds of millions annually on Nvidia servers—Cognition is building its own AI model to cut dependency on pricey third-party models and aim for $4–5B in revenue by 2026. Even with high burn rates, this move could pave the way to profitability—and it’s especially intriguing that A16z, a major Cursor investor, is now backing their rival.

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Last chance to host a side event at TechCrunch Disrupt—deadline is tonight at 11:59 PM PT. Don’t miss this golden opportunity to connect with founders, investors, and customers, build your brand, and unlock real business opportunities. Submit your application now—approval isn’t guaranteed, but getting in means featured promotion and access to the conference’s biggest energy. This is it—no more extensions.

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MS NOW is reimagining cable news by turning viewers into superfans—offering exclusive, paid access to anchors like Rachel Maddow and Jen Psaki, with weekly Q&As and community engagement. After a year of research with thousands of viewers, the network’s president Rebecca Kutler is building a digital-first “fandom” that bridges TV and online platforms, aiming to outcompete legacy networks on YouTube and beyond—all while staying rooted in reliable journalism for a healthier democracy.

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