Cognition’s valuation doubled in 15 weeks. So did its revenue, and the multiple barely moved.
Artificial Intelligence
Reid Hoffman joins Mosaic Ventures as an advisory partner
Artificial Intelligence
Google’s map of every possible DNA typo could speed up rare disease research
Artificial Intelligence
Latest news
ARTIFICIAL INTELLIGENCE
Ineffable Intelligence names six cofounders, Fortune reports
David Silver has named six new Ineffable Intelligence cofounders, four of them from Google DeepMind, at a company that is ten months old and has no product. Three worked on AlphaStar with him. Fortune reported the hires, which the six confirmed by quietly updating LinkedIn.
ARTIFICIAL INTELLIGENCE
Cognition’s valuation doubled in 15 weeks. So did its revenue, and the multiple barely moved.
The company went from $26bn to $48bn since May. Run-rate revenue went from $492m to almost $900m, which leaves the price at roughly 53 times revenue in both rounds.
ARTIFICIAL INTELLIGENCE
Google and Accenture are putting 1,000 engineers inside client offices
Accenture and Google Cloud have formed a unit that will train up to 1,000 forward-deployed engineers to install Gemini Enterprise inside client companies. It is the fifth version of the same bet this year, after Microsoft, AWS, Anthropic and TCS all concluded that AI returns need people on site.
ARTIFICIAL INTELLIGENCE
Qualcomm hands Amazon $4B of warrants to build custom silicon for AWS
The deal ties multiple generations of custom silicon to AWS, while Europe's own data centre processor is still in bring-up and headed for a supercomputer
Work with us
