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Cognition Just Hit a $48 Billion Valuation as Devin Nears $900 Million in Run-Rate Revenue — But One Number Shows How Expensive the AI Race Could Become
ASIA

Cognition Just Hit a $48 Billion Valuation as Devin Nears $900 Million in Run-Rate Revenue — But One Number Shows How Expensive the AI Race Could Become

SAN FRANCISCO, Sept. 9, 2026 — Cognition, the artificial intelligence startup behind the Devin autonomous software-engineering agent, has raised more than $2 billion in Series E funding at a $48 billion valuation, marking another extraordinary jump for a company founded only in 2024. The round was led by new investors
5 min read
Singaporean Malone Lam Pleads Guilty in Massive Crypto Heist — But His US$569,000 Nightclub Bill Was Only Part of the Story
ASIA

Singaporean Malone Lam Pleads Guilty in Massive Crypto Heist — But His US$569,000 Nightclub Bill Was Only Part of the Story

WASHINGTON — A 22-year-old Singaporean accused of helping build an international cryptocurrency theft operation has pleaded guilty in the United States, bringing prosecutors a major victory in a case involving hundreds of millions of dollars in stolen digital assets, luxury cars, multimillion-dollar watches and extraordinary nightclub spending. Malone
4 min read