| Mobile Web

Search results for Bloomberg News

AI & Enterprise

AI coding startup CognitionAI seeks additional funding at $25 billion valuation

AI coding assistant startup CognitionAI is in talks to raise additional funding at a valuation of $25 billion, Bloomberg News reported on April 24, citing people familiar with the matter. The target amount has not been disclosed, but the company is aiming to raise at least several hundred million dollars. The discussions are ongoing and terms may change. CognitionAI introduced its AI coding agent Devin in March 2024.

AI & Enterprise

Why some Google employees use Claude Code despite Gemini

Concern is growing inside Google that it is falling behind Anthropic in the race for AI coding tools, Bloomberg News reported on April 21, citing current and former employees familiar with internal matters. Google is working to unify coding initiatives, but Gemini coding capabilities are spread across more than six products under different brands, raising concerns about consistency. Some Google engineers prefer Anthropic\'s Claude Code, sources said.

AI & Enterprise

AI coding startup Cursor nears $2 billion funding at $50 billion valuation

AI coding startup Cursor is in talks to raise more than $2 billion in new funding at a $50 billion valuation, Bloomberg News reported, citing four people familiar with the matter. Existing investors Thrive and Andreessen Horowitz are expected to lead the round. Battery Ventures may participate, and Nvidia is also expected to invest. Bloomberg said the round is already oversubscribed, but final terms are not set.