this post was submitted on 07 Apr 2024
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Artificial Intelligence

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AI startup Cognition Labs, founded in November, seeks $2B valuation (lemmit.online)
submitted 7 months ago by bot@lemmit.online to c/artificial@lemmit.online
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The original was posted on /r/artificial by /u/NuseAI on 2024-04-04 17:26:23.

  • Cognition Labs, a new AI startup, is seeking a $2 billion valuation, despite generating no real revenue yet.
  • Other AI startups like Perplexity and Mistral have also achieved high valuations recently.
  • Some experts are skeptical about the current AI market, comparing it to the tech bubble of the late 1990s.
  • Venture capitalist David Sacks highlighted the challenges faced by AI startups like Cognition Labs in existing code bases.
  • While impressive demos may attract investors, the long-term success of these startups remains uncertain.

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