AI coding startup Cognition raised $2B at a $48B valuation, up from $26B in May, and says its run-rate revenue grew from $492M in May to ~$900M (Samantha Oltman/Bloomberg)

Cognition announced a $2 billion financing round that lifted its valuation to $48 billion and pushed its annualized revenue run-rate from $492 million in May to roughly $900 million. OpenAI claimed an internal model, described as far more capable than GPT-6 Astra, solved the Navier-Stokes Millennium Prize problem using 10,000 concurrent agents over 88 hours, a result contested by mathematician Tristan Buckmaster, who says OpenAI may have leveraged his and Anthropic researcher Levent Alpöge’s work.