Cognition AI is in early-stage talks with investors for a new round of funding, a deal that could boost its valuation by over 50% to at least $40 billion. According to sources familiar with the matter, Cognition's current annualized revenue is approaching $1 billion, nearly double the publicly disclosed figure from its previous funding round. The current funding round is expected to exceed $1 billion, although the company may ultimately decide not to proceed with the financing or opt for alternative funding options.