• AI coding startup Cogniton is fielding offers for a new funding round.
• The round could value Cognition between $70 billion and $80 billion, according to people familiar with the matter.
• The new offers come weeks after the company announced a $2 billion round at a $48 billion valuation.

Just weeks after announcing a new round of funding at a $48 billion valuation, AI coding startup Cognition is fielding new investor interest at a much higher price.

The startup has received offers valuing it at between $70 billion and $80 billion and is seriously considering a round before the end of the year, according to sources familiar with the matter.

The talks around the financing are still early, and valuation targets could still change.

Founded in 2023 by Scott Wu, Steven Hao, and Walden Yan, Cognition is best known for Devin, an AI coding agent designed to automate software engineering tasks. The San Francisco-based company's existing investors include a16z, Accel, Founders Fund, Khosla Ventures, Elad Gil, and Pear VC.

Cognition's rapid valuation climb underscores the investor frenzy around AI coding, one of the hottest and most competitive corners of the AI market. As companies race to sell AI coding agents that can take on more of the work engineers do, investors are placing increasingly expensive bets on the few startups they think could emerge as leaders.

A $75 billion valuation wouldn't be so far-fetched, as SpaceX just acquired fellow AI coding giant Cursor for $60 billion a few months ago.

Last month, Cognition was drawn into a public feud with rival Factory AI, which accused Cognition employees of posing as job applicants to seek product information and faulted a former Factory adviser for meeting with Cognition executives. Cognition and the former adviser denied that confidential information was sought or shared.

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• United CEO Scott Kirby says that so far he has found AI most useful for vibe coding.
• "I can read my calendar. I don't need to summarize my day," he told the "Cheeky Pint" podcast.
• Kirby said he had an "epiphany" after vibe-coding a sports-gambling tool.

United Airlines CEO Scott Kirby loves gambling, and now he's using AI as an ace up his sleeve.

Speaking on the "Cheeky Pint" podcast, Kirby said that over the past eight months, he's had an "AI epiphany" about the tech's best uses, which was triggered by one of his favorite pastimes — sports betting.

"Summarizing documents and all that crap, I think it's ridiculous," Kirby said. "I can read my calendar. I don't need to summarize my day."

Instead, he has found vibe coding far more valuable.

Kirby told "Cheeky Pint" host and Stripe cofounder John Collison that he hired a tutor for three hourlong sessions, then used AI to make a webpage for sports gambling.

"I've always been into gambling. For better or worse," Kirby said.

Between sets in a two-and-a-half-hour gym session, he typed prompts on his iPad to vibe-code a page with "four or five" drop-down menus for different sports, dates, and bets. Kirby said it links to four sportsbooks and pulls up the best odds; then he can enter a dollar amount, and it places the bet for him.

"I could do it with three hours of tutoring on my own, could write a program to do that, was an epiphany for me," Kirby said. "I think I called them on that Saturday, our team, and like, 'We're all in on this.'"

His appetite for risk has helped Kirby make bets on airline strategy that have paid off. For example, when carriers around the world retired their airplanes during the pandemic, United instead ordered hundreds of new jets — buoying the airline when travel demand boomed after lockdowns ended.

The United CEO previously spoke about his love for gambling in an April interview with The Wall Street Journal, where he described being kicked out of casinos for counting cards before he started in the airline industry.

He told "Cheeky Pint" that he went back to Las Vegas when the Super Bowl was held there in 2024.

After setting up a credit line to play poker, he had to hand over his ID.

"It was like 15 years ago that I got barred at the Bellagio last time," he said. "The manager comes over, and he's like, 'Mr. Kirby, you're welcome to play any game in the casino, but just so you know, still no blackjack.'"