AI programming startup Cognition seeks to raise approximately $1 billion, with a potential valuation of $47 billion.

According to Bloomberg, AI programming startup Cognition AI Inc. is nearing the completion of a new funding round, planning to raise approximately $1 billion, with the company's valuation expected to reach around $47 billion. People familiar with the matter said that due to investment demand exceeding expectations, the final fundraising amount could surpass $1 billion; the company has already received nearly $10 billion in investment commitments. Negotiations are still ongoing, and specific terms may still be adjusted.