August 12, 2026 News

2026-08-12 18:19 [Industry Trend] [SRC↗]

Cognition Reportedly Seeks $40B Valuation as Devin Coding Agent Revenue Doubles

Cognition, the maker of the AI coding agent Devin, is reportedly in talks with investors for a new round at a valuation of at least $40 billion, up from $26 billion in May. The talks follow a reported jump toward a $1 bi...

[Devin] [Enterprise Adoption] [AI coding agents] [venture funding] [cognition]

Risk: [+0.03% ↑] [0 days]

AGI: [+0.01% ↑] [0 days]

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2026-08-12 17:51 [Industry Trend] [SRC↗]

Hinton, Li, and Ng Debate Open Weights and Concentration of AI Power at Ai4

At the Ai4 conference in Las Vegas, Geoffrey Hinton, Fei-Fei Li, and Andrew Ng each argued against letting a handful of labs gatekeep AI, while disagreeing on how open model weights should be. Hinton distinguished open-s...

[AI Governance] [Andrew Ng] [Fei-Fei Li] [open-weight models] [Geoffrey Hinton]

Risk: [+0.02% ↑] [0 days]

AGI: [0%] [0 days]

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