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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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I Think the Military Commissary Freezers Were Hacked
Refrigeration failures at six-plus US military commissaries prompt speculation of a cyber attack on DeCA's remote monitoring systems; Pentagon acknowledges possible disruption.
The author documents near-simultaneous freezer and refrigeration failures at confirmed installations including Fort Huachuca, F.E. Warren AFB, Fort Irwin and Travis AFB on August 26-27, with freezers entering defrost mode that heated and spoiled food. DeCA's Remote Monitoring Control System controls defrost across roughly 182 locations, and an unverified comment attributed the Fort Huachuca failure to a network issue. Stars and Stripes and Military Times independently reported the multi-base failures, and the Pentagon acknowledged a 'possible refrigeration disruption,' though no evidence of hacking has been confirmed.
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Week in review: Compromised Zimbra servers, previously patched Citrix NetScaler flaw exploited
Help Net Security's weekly digest highlights 274 compromised Zimbra servers, Gitea and Citrix NetScaler KEV additions, a PaperCut zero-day, and a suspected Iran-linked power plant attack.
The roundup reports at least 274 internet-facing Zimbra instances compromised via CVE-2026-73570, critical Gitea CVE-2026-60004 added to CISA's KEV catalog after exploitation began, and previously patched Citrix NetScaler flaw CVE-2026-8452 exploited in the wild. It also covers PaperCut NG/MF zero-day attacks, a suspected Iran-linked shutdown of a UK power plant, an FBI seizure of domains tied to a China-linked group that hit NASA, DOJ and the Senate, a cyberattack disrupting Boston Scientific, and the Manchester Airports Group breach. Additional items include Chameleon SEO poisoning phishing, Android car head unit proxy botnet malware, ReliaQuest social engineering by ShinyHunters, fake OpenAI Codex macOS malware, and AI-related workforce and supply chain interviews.
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Risky Bulletin: Two TeamPCP members arrested in Australia
Australian Federal Police arrested two alleged TeamPCP members behind supply-chain worm attacks that stole over 500,000 credentials from compromised open-source libraries.
The AFP arrested alleged TeamPCP leader Ruben Thomson, 21, and Louis Gaebler, 23, near Perth; both were charged and remain in custody. The group inserted a self-spreading credential-stealing worm into open-source projects including Trivy, KICS, LiteLLM, and Telnyx, harvesting more than 500,000 credentials used for network access, ransomware, extortion, and sales. About 78,000 tokens and secrets from nearly 2,200 organizations leaked online last month, and the FBI supported the investigation that began in April.
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White House bans foreign-made equipment for power generation over cyber backdoor concerns
Trump executive order bans acquisition of foreign-made bulk-power system equipment over cyber backdoor and supply-chain concerns for US electricity infrastructure.
The White House issued an executive order declaring foreign-made bulk-power system electric equipment an "unusual and extraordinary threat," banning its acquisition or installation in the US. The order covers technology managing transmission lines rated at 69,000 volts or higher, substations, control rooms, power generating stations, reactors, and associated remotely accessible software and firmware. It follows recent cyberattacks on water utilities in at least 12 states, malicious activity targeting over 100 internet-exposed water and wastewater systems, and an NSA/FBI advisory on an AI-powered threat to operational technology. The Defense, Commerce, and Energy Departments have 120 days to create rules, identify countries warranting scrutiny, and inventory at-risk equipment.
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Officials disrupt Chinese espionage operation that hit multiple federal agencies
FBI and DOJ seized QTFY infrastructure, disrupting a Chinese state-sponsored group that compromised federal agencies and critical infrastructure since 2018.
Authorities seized three domains powering QScan and QTRouter, the hacking suite of QTFY, a Chinese government-funded group operating through front company Nanjing Xinjiuwei Network Technology. Targets include the Departments of Energy, Justice, and Health and Human Services, the Federal Reserve, NASA, NIH, financial institutions, defense contractors, utilities, telecoms, and hospitals; the group exploited zero-days in Ivanti, Pulse Secure, Fortinet, Citrix, and others, intruding three DOE national labs in September 2024. QScan carried over 200 proof-of-concept exploits and processed more than two million scanning tasks in a single day in 2024.
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FBI Seizes China-Linked Hacking Platforms QScan and QTRouter Used Against Critical Infrastructure
FBI seizes China-linked QScan and QTRouter hacking platforms used by QTFY to obfuscate intrusions against US federal agencies.
The DOJ and FBI seized domains hard-coded into QScan and QTRouter, two platforms operated by China-based Nanjing Xinjiuwei Network Technology Company on behalf of state-sponsored group QTFY. QScan automatically infected thousands of IoT devices which were added to QTRouter, an obfuscation network routing malicious traffic through compromised and proxy devices outside China. Targets included NASA, the Federal Reserve, Departments of Energy, Justice, and HHS, NIH, and the US Senate, exploiting flaws in Fortinet SSL-VPN, Citrix ADC, Microsoft Exchange, F5 BIG-IP, Log4j, and others.
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5G Open Innovation Lab recruiting start-ups focused on enterprise innovation and 5G-enabled services
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