Cognition hits $48B valuation, signaling investors believe AI coding is far from a winner-take-all market
Cognition's valuation multiple is higher than Cursor's was before selling to SpaceX.

OpenAI is cutting off the AI coding tool Cursor after SpaceX acquired the company, citing Elon Musk's track record of breaking contracts. Cursor co-founder Michael Truell downplays the move, saying OpenAI models account for just five percent of the tool's AI traffic.
The article OpenAI cuts off Cursor after SpaceX acquisition, citing Musk's history of breaking contracts appeared first on The Decoder.