Cognition plans to raise funds at a valuation of $40 billion, with annualized revenue approaching $1 billion

According to Bloomberg, AI programming company Cognition plans to raise a new round of funding at a valuation of at least $40 billion, with an expected amount of over $1 billion. Cognition was valued at $26 billion when it completed its financing at the end of May, with an annualized revenue of $492 million at the time. Currently, the company's annualized revenue is approaching $1 billion.