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Cognition AI Eyes $40 Billion Valuation From New Funding
Cognition AI is reportedly planning a funding round that could more than double its valuation. The artificial intelligence (AI) coding startup is in discussion with investors about the round, which may lift its valuation to at least $40 billion, Bloomberg News reported late Tuesday (Aug. 11), citing sources familiar with the matter. This comes less than three months…
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Mortgage rates finally stop rising, causing demand to trickle back
Mortgage rates finally eased a tiny bit, but it was enough to bring some demand back to a very beleaguered mortgage market.
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Futures Rise Led By Tech Before Key CPI Report
Futures Rise Led By Tech Before Key CPI Report US: Futures are higher, led by Tech as AI infra earnings boost the theme while the Semis trade was bid overnight led by a surge in Korea’s Kospi. As of 7:45am ET, S&P futures are up 0.2% ahead of today’s CPI report, while Nasdaq futures gain…
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