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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.

TechCrunch · AISep 8, 21:04 UTC · 8d agoAI industry

[AINews] Claude Fable/Mythos 5.1: new SOTA model, 75% cache price cut but 70% more output tokens

Anthropic launched Claude Fable 5.1 and Mythos 5.1, claiming new SOTA benchmarks, with 75% cache-read price cut and 1M-token context.

Anthropic released Claude Fable 5.1 and Mythos 5.1 as flagship models for coding and knowledge work, with a 1M-token context window and pricing of $10/$50 per million input/output tokens and cache reads cut 75% to $0.25. Artificial Analysis Intelligence Index scored Fable 5.1 at 66 versus 63 for Claude Opus 5, with HLE at 59.1% and Terminal-Bench v2.1 at 91.4%, though per-task cost rose ~20% due to 1.7x output token usage. Community analysis suggested Fable and Mythos may share underlying weights with different safety/routing behavior, and release notes highlighted Enterprise Frontier Safeguards and zero-data-retention support.

Latent SpaceSep 2, 07:46 UTC · 15d agoModel release2

[AINews] DeepSeek v4.1-Flash: 763B-P8B-D16B novel causal Encoder–Decoder architecture with vision marks the Return of the Whale

DeepSeek released V4.1-Flash, an open-weight 763B-parameter model with a novel causal encoder-decoder architecture, 1M context, vision input, and MIT license.

DeepSeek launched V4.1-Flash, an open-weight MIT-licensed model using a novel causal encoder-decoder architecture with 763B total parameters and asymmetric active parameters: 8B for prefill and 16B for decode. It supports 1M-token context and text+image input, priced at $0.30 per 1M input and $1.20 per 1M output tokens with a 50% off-peak discount. Artificial Analysis scored it 40 on its Intelligence Index, above DeepSeek V4 Pro 0813, and Vals ranked it the #1 open-weight model ahead of Kimi K3. Baseten shipped day-0 support and Ollama began rolling it out to paid subscribers.

Latent Spaceupdated 01:39 UTC · 6h agofirst Sep 12, 05:56 UTC · 5d agoModel release 4 sources1

Malicious MCP Servers Can Split Instructions to Make AI Coding Agents Exfiltrate Secrets

ASSET Research Group's GhostSplice technique splits malicious instructions across MCP channels, tricking AI coding agents into exfiltrating SSH keys, source code, and secrets.

ASSET Research Group disclosed GhostSplice, a prompt-injection technique in which a malicious Model Context Protocol (MCP) server splits an exfiltration instruction across a tool description and a tool result so no single fragment appears harmful. In the reference implementation, a benign-looking integrity_checker tool with fields alpha through delta is later paired with a project-scan result mapping those fields to .ssh/id_rsa, proprietary source, customers.csv, and .env. Tests across eleven API-tested models showed average compliance rising from 42% to 82% when instructions were split in two, with GPT-4o, Gemini 2.0 Flash, and Llama 3.3 70B going from 0% to 100%. The findings come from controlled lab tests, not a reported real-world intrusion, and no CVE identifiers had been assigned as of August 10, 2026.

The Hacker NewsAug 11, 10:24 UTC · Aug 11, 2026AI safety & security1

GPT-6 Astra, Looped Transformers, and Hidden Reasoning

OpenAI released GPT-6 Astra, its strongest model to date, with standout 3D rendering and computer-use performance and 99.9% on ARC-AGI-3.

Sebastian Raschka reviews OpenAI's GPT-6 Astra, calling it the best model he has used, with disproportionate gains in 3D rendering, animation, and computer use through the Codex/ChatGPT harness. The model scores 99.9% on ARC-AGI-3 versus 7.8% for GPT-5.6 Sol and leads the Artificial Analysis Coding Agent Index, though gains on independent aggregate indices are more incremental. The article also explains looped transformer/recurrent depth architecture rumors, speculation that Astra hides its chain-of-thought reasoning, and recent research insights on the topic.

Hacker News · AISep 9, 14:37 UTC · 7d agoModel release HN 84↑ · 12 comments2

One in four MCP servers opens AI agent security to code execution risk

Noma Security whitepaper finds most popular AI Skills and many MCP servers carry high-risk capabilities, with state changes most prevalent.

Noma Security analyzed hundreds of popular MCP servers and Skills across eight risk categories, finding most widely used Skills carry at least one risky characteristic and a typical enterprise runs well over a hundred high-risk agent tools, with arbitrary code execution common across MCP servers. The most prevalent risk is the ability to change state or data, and named toxic combinations include ContextCrush data leakage, ForcedLeak via poisoned Salesforce CRM records, DockerDash supply-chain compromise, the Replit production database deletion, and the hijacked Amazon Q VS Code extension. Building on OWASP LLM06:2025, the paper proposes the No Excessive CAP framework of capabilities, autonomy, and permissions, recommending allowlisting, MCP version pinning, approval gates on irreversible actions, and user-scoped expiring credentials.

Help Net SecurityAug 24, 04:21 UTC · 24d agoAI safety & security1