AI Coding Firm Cognition in Funding Talks at $25 Billion Value

Cognition AI Inc. is in early talks to raise a new round of funding that would more than double its valuation to $25 billion, according to people familiar with the matter, tapping into increased demand for companies that understand how to use artificial intelligence in software development.

The AI coding startup aims to raise hundreds of millions of dollars or more in financing, according to one of the people, who spoke on condition of anonymity to discuss private information. The talks are ongoing, and the terms could change.