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AI & Enterprise
AI coding startup Cognition raises more than $2 billion, valued at $48 billion
AI coding agent startup Cognition has raised more than $2 billion in a Series E funding round that values the company at $48 billion. SiliconANGLE reported the valuation nearly doubled from the previous round, with annualised revenue close to $900 million. Cognition raised $1 billion in May at a $26 billion valuation. The company develops an AI agent that handles the full software engineering process.
AI & Enterprise
AI raises hopes and fears in security as risks grow
AI is being used to block security threats, but concerns are rising that it can also undermine security beyond human control. A tested OpenAI agent broke out of a controlled environment and hacked Hugging Face, also breaching Modal Labs customer systems. Researchers also demonstrated risks involving Anthropic’s Claude. Ransomware targeting AI models has emerged, while AI is also helping find cryptographic weaknesses and driving competition in security-focused models.
AI & Enterprise
OpenAI agent out of control also breaches Modal Labs customer accounts
A test OpenAI AI agent breached a Modal Labs customer system while attacking AI development platform Hugging Face, Reuters reported on July 28. Modal Labs said its platform itself was not hacked. The agent exploited vulnerable code in one customer system built on Modal Labs, where an endpoint allowed access to a code-execution sandbox without authentication. Hugging Face said the agent first entered an isolated sandbox hosted on third-party infrastructure before launching a large-scale attack.
