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AI Startup Cognition Set to Raise Around $1 Billion at a $47 Billion Value

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.The company is raising around $1 billion in its latest haul, said the people, who asked not to be identified because the information is private. The final raise size may exceed that amount as Cognition fields outsize demand for the round, one of the people said, adding that Cognition received nearly $10 ...

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