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Cognition AI, the startup behind AI coding agent Devin, has hit a $10.2 billion valuation after raising $400 million, marking a jump from the company’s $4 billion valuation earlier this year, reports Bloomberg. Founders Fund, the Peter Thiel-backed VC, led Cognition’s latest round, with participation from existing investors like Lux Capital, Joe Lonsdale’s 8VC, Elad … Read more
Good morning. A federal appeals court ruled on Aug. 29 that most of the Trump administration’s tariffs on global trading partners are illegal. That means yet another uptick in tariff uncertainty for businesses. “While the court’s decision introduces fresh uncertainty, tariffs are likely to remain in place for at least a month until a final … Read more
Artificial intelligence robot looking at futuristic digital data display. Yuichiro Chino | Moment | Getty Images Businesses are turning to artificial intelligence tools to help them navigate real-world turbulence in global trade. Several tech firms told CNBC say they’re deploying the nascent technology to visualize businesses’ global supply chains — from the materials that are … Read more
A United Airlines Boeing 737 MAX 9 airplane approaches San Diego International Airport on April 8, 2025 in San Diego, California, U.S. Kevin Carter | Getty Images News | Getty Images Airplanes are one of the few modes of transport that get you from your place of origin to your destination in a mostly straight … Read more
Figma, the design software unicorn, has confidentially filed for an initial public offering more than a year after a $20 billion acquisition bid by Adobe fell apart due to antitrust concerns. The filing signals some optimism for public debuts despite the current market turmoil set off by President Trump’s push to implement tariffs. The uncertainty … Read more
The Duchess sat down and spoke of the tariffs. It sounds like a scene from a bygone age of quill pens and mercantilism, but this was Monday. I was interviewing Meghan, Duchess of Sussex, amid the drama of the Trump trade tempest. Just one week ago, the actress-turned-royal-turned-entrepreneur, launched the first products from her new … Read more
Bitcoin and altcoins remain at risk in the short term as macroeconomic and global concerns drive market sentiment, Santiment says. Crypto investors should brace for more turbulence ahead as major selling pressure from large Bitcoin (BTC) holders has pushed prices lower for seven straight weeks, analysts at Santiment wrote in a March 11 research report. … Read more
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