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Cognition, which developed an autonomous AI software engineer named Devin, has raised more than $1 billion at a pre-money valuation of $25 billion ($26 billion post-money valuation), the company announced Wednesday. That’s a big jump from its $10.2 billion post-money valuation when it closed a $400 million funding round just eight months ago in September. The round was led by Lux Capital, General Catalyst, and 8VC, with participation from existing investors Elad Gil, Soma Capital, Omri Casspi, Founders Fund, and many others. New investors also participated in this round, including Ribbit Capital, Atreides, and Layer Global. This is a huge…
CNBC’s Jim Cramer said Wednesday that investors should stop worrying about how much stocks have already gone up and instead focus on how much upside they still have left. “Don’t worry about where the stock price was. Concentrate on where the stock price is going,” the “Mad Money” host said. “That’s becoming my watchword for this exploding market.”His comments come as many of the market’s biggest winners, particularly artificial intelligence and data center stocks, continue to rise after posting strong gains already this year. Cramer said one of the biggest mistakes investors make is assuming a stock is “too expensive”…
Eight staff members at a backpacker hostel in Laos have been detained by local authorities during an investigation into the deaths of six foreign tourists from suspected methanol poisoning, according to Southeast Asian state media. The deaths of two Australian teenagers, a British woman, an American man and two Danish women, as well as reports of other infections, prompted warnings from Western countries last week that consuming alcohol contaminated in Laos could have deadly consequences. The employees of Nana Backpacker Hostel in the northern town of Vang Vieng, all Vietnamese nationals aged between 23 and 44, were arrested by local…
Cynthia Erivo isn’t discouraged by rumors about her friendship with Ariana Grande. The Tony Award winner cleared the air amid speculation that Grande’s “really conscious decision” to start a relationship was just a sham, as she was incredibly close to the “Thank U, Next” singer during the press tour for Wicked in November 2024. “I don’t think people believed that we were actually friends,” Erivo, 39, explained in an interview with Variety on May 27. “But it’s also because people don’t know me very well. If I’m a friend, I’m a friend. If I’m not a friend, I’m not a…
Micron has joined the multi-trillion dollar valuation club, but according to multiple metrics, Micron is the black sheep of it all. While giants like Alphabet, Amazon, Nvidia, Microsoft, and Apple reached the $1 trillion mark with the backing of promoter CEOs and ubiquitous brand recognition, Micron’s rise as a parts maker owes much to its position in the rapidly changing technology supply chain amidst the explosive artificial intelligence boom. Micron isn’t the only company rising. South Korean memory chip makers SK Hynix and Samsung have also recently been valued at trillions of dollars as the overall importance of the sector…
Meta is doubling down on subscription services. On Wednesday, the social networking giant announced it would roll out consumer subscription plans for its flagship apps Instagram, Facebook, and WhatsApp globally and begin testing new subscriptions for businesses, creators, and Meta AI users. Consumers who subscribe to Instagram Plus ($3.99 per month), Facebook Plus ($3.99 per month), or WhatsApp Plus ($2.99 per month) will be able to access additional features such as profile customization, super reactions, and story insights for a few dollars per month. Naomi Gleit, head of product at Meta, said in the announcement that “even more fun features”…
sales force CEO Marc Benioff has laid out a strategy to weather the sharp downturn in stock prices, focusing on delivering strong products to customers and continuing to buy back shares.”We remain focused on the success of our customers,” Benioff said Wednesday on “Mad Money.” “We intend to continue to grow our revenues and provide significant cash flow.”Salesforce stock has struggled this year amid growing concerns that generative AI platforms from companies like Anthropic and OpenAI could disrupt traditional software providers. Despite the better-than-expected earnings, the stock fell another 1.5% in after-hours trading on Wednesday as investors focused on softer-than-expected…
An Australian teenager has become the sixth foreign tourist to die in a suspected mass methanol poisoning in Laos, as a growing list of countries warn that consuming contaminated alcohol in the Southeast Asian country can have deadly consequences. A British woman, another Australian teenager, an American and two Danish nationals have also been killed in recent days in a spate of suspected poisonings in the popular backpacker destination of Vang Vieng, authorities said. Holly Bowles, 19, remained on life support in critical condition for several days in neighboring Thailand after evacuating from Laos after a night out, CNN affiliate…
Every summer, it seems like the effortless, rippling, beachy, signature beauty look makes a comeback. And in 2026, relaxed hairstyles will officially become popular again. Featuring soft bends, airy textures, and an intentionally loose finish, beach waves have become a warm-weather beauty staple thanks to their balance of sophistication and manageability. Although this trend feels timeless now, its roots go back decades. This look first became popular in the late ’90s and early 2000s, when surf-inspired aesthetics and relaxed California style began to dominate pop culture. Sun-kissed highlights, bronzed skin, and wind-swept textures quickly became the ultimate cool-girl aesthetic. By…
White House Chief of Staff Stephen Miller speaks with reporters outside the West Wing of the White House on August 29, 2025 in Washington.Andrew Caballero-Reynolds | AFP | Getty ImagesThe US national debt rose by more than 100% of gross domestic product (GDP) last month, putting the country on track to break the record of 106% of gross domestic product (GDP) set in 1946 after World War II. The nonpartisan Congressional Budget Office predicts the record will be broken at a pace around 2029, when President Donald Trump’s term ends. White House Deputy Chief of Staff Stephen Miller has identified…