AI Coding Startup Cognition Hits $1 Billion in Annualized Revenue

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Cognition AI Inc. is on track to generate annualized revenue of $1 billion based on its performance this month, according to a person familiar with the matter, roughly doubling the artificial intelligence coding startup’s run rate from about four months prior.The company said in September that its run-rate revenue, which is a projection of a company’s annual sales based on a shorter period of time, topped $900 million, fueled by demand for its Devin AI coding software. It had previously generate