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The big bet of Scott Wu at Cognition

Poucos Homo sapiens têm a capacidade de cálculo de Scott Wu. O fundador da Cognition – a startup por trás do “engenheiro de programação” Devin – se tornou uma lenda viva ainda na infância, quando começou a enfileirar medalhas em olimpíadas de matemática e competições de programação nos EUA; e hoje é um dos players […] The post O grande cálculo de Scott Wu na Cognition appeared first on Brazil…

Translated from Portuguese Read in Portuguese

Scott Wu, founder of Cognition, a startup behind the AI-powered programming engineer Devin, is navigating the challenges of rapid growth in the AI sector. Despite being a relatively new player, Cognition has achieved a valuation of $48 billion and annual revenue of $900 million. However, the company's computational costs are also soaring, expected to reach $800 million this year.

Wu has denied reports that Cognition is for sale, saying the company is focused on continuous innovation to stay ahead of competitors like OpenAI and Anthropic. Cognition has recently expanded to São Paulo, with clients including Itaú, Nubank, and Mercado Livre.

Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at braziljournal.com →

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