Cognition, the startup behind coding agent Devin, just raised more than $1 billion at a $25 billion valuation.
For a while, it looked like OpenAI, Anthropic, and Google would dominate the AI coding market themselves. Instead, investors are still betting there’s room for standalone companies built specifically around developer workflows and enterprise tooling.
Cognition says customers already include Mercedes-Benz, NASA, Goldman Sachs, and Santander, with enterprise usage growing rapidly.
The bigger shift is that AI coding is turning into its own software category, not just another chatbot feature. And right now, investors are throwing massive amounts of money at whoever looks positioned to own that layer.
Supported by Mode Mobile
Apple just secretly added Starlink satellite support to iPhones through iOS 18.3.
One of the biggest potential winners? Mode Mobile.
Mode’s EarnPhone already reaches 490M+ users that have earned over $1B, and that’s before global satellite coverage. With SpaceX eliminating “dead zones,” Mode’s earning technology can now reach billions more in unbanked and rural populations worldwide.
Their global expansion is perfectly timed, and investors like you still have a chance to invest in their pre-IPO offering at $0.50/share.
With their recent 32,481% revenue growth and newly reserved Nasdaq ticker, Mode is one step closer to a potential IPO.
Disclaimer
Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation A+ Offering.
Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.
The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period.
After spending hundreds of billions on AI infrastructure, Meta is officially launching paid subscriptions for Meta AI.
The plans look very similar to ChatGPT and Gemini: pay more, get better reasoning, more image generation, and higher usage limits.
That’s a pretty big shift for Meta. Until now, most of its AI strategy was about improving ads and engagement across Facebook, Instagram, and WhatsApp.
Now it wants a direct AI business too.
The bigger pattern is that almost every major AI company is slowly converging on the same model: subscriptions, agents, and premium AI access layered on top of gigantic infrastructure spending.
A new Microsoft report found people in major U.S. cities are nearly twice as likely to use AI as those living in rural communities.
The gap isn’t just about infrastructure. Trust plays a huge role too, with urban residents far more likely to believe AI will benefit the public.
Microsoft warned this could turn into a much larger economic divide if AI adoption keeps following the same geographic patterns as previous tech waves.
Which is ironic, because some of AI’s strongest use cases, especially around healthcare and education, could actually benefit rural communities the most.
In other developments
Sen. Elizabeth Warren is calling for new taxes on AI companies, billionaires, and data centers to ensure the economic gains from artificial intelligence are shared more broadly across society. The proposal reflects growing political pressure to address AI-driven inequality and potential job disruption.
OpenAI is rolling out new election-focused cybersecurity and misinformation safeguards ahead of major global votes, including partnerships with election officials, live AP vote integrations, and support for AI transparency laws. The move reflects growing concern over how AI-generated content could shape future elections.
ElevenLabs has launched a new AI music model that can switch genres mid-song, edit specific sections of tracks, and generate more complex vocals and compositions. The release highlights how quickly AI music tools are evolving toward professional-grade production and commercial use.
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