AI programming startup Cognition is reportedly negotiating a new round of financing, with a valuation that may reach $40 billion.

According to informed sources, Cognition AI is in early discussions with investors for a new round of financing, which could increase the valuation of this artificial intelligence programming startup by more than 50%, reaching at least $40 billion. The sources mentioned that potential investors have begun to gather around the company less than three months after it raised $1 billion at a valuation of $26 billion, seeking to invest in one of the hottest players in the industry. The sources also indicated that the company's annualized revenue run rate is nearing $1 billion, roughly twice the figure disclosed during its last round of financing. One of the sources stated that Cognition expects to raise more than $1 billion in this round of funding. However, the sources cautioned that the company might still decide against financing or seek funding under different terms.