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Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market
Cognition, maker of Devin, raised $2 billion at a $48 billion valuation led by a16z, Accel, and Founders Fund, with revenue at $900M annualized.
Cognition raised $2 billion at a $48 billion valuation, four months after a $26 billion round, led by Andreessen Horowitz, Accel, Founders Fund, General Catalyst, and Avenir. Its annualized run-rate revenue grew from $492 million to $900 million since May, with projected $4-5 billion by end of 2026, while compute costs could push 2026 burn to $800 million. The startup, founded by Scott Wu, counts Mercedes-Benz, NASA, Goldman Sachs, and Citi as customers and is training its own model to cut reliance on OpenAI and Anthropic.
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Introducing WeatherNext 3, our most advanced and accurate global weather AI model
Google DeepMind launches WeatherNext 3, an AI weather model delivering hourly 5-km forecasts from live satellite data, now integrated across Google products.
WeatherNext 3 ingests live geostationary satellite mosaics and station observations through a Functional Generative Network (FGN) mesh transformer, producing hourly forecasts at 5-km surface resolution versus WeatherNext 2's 25-km, 6-hour grid. Independent live evaluations by Brightband rate it the most accurate global weather model to date. It adds renewable-energy variables such as 100-meter turbine-height wind speeds and solar radiation, and is integrated across Search, Gemini, Maps, Google Maps Platform, and Cloud.
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5G Open Innovation Lab recruiting start-ups focused on enterprise innovation and 5G-enabled services
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