Monday, June 1, 2026
Devin hits $492M revenue as Cognition raises $1B
Cognition just raised a cool $1B at a $26B valuation with Devin hitting nearly $500M in revenue (wild), while Mistral's exploring custom chip design to cut costs and take on OpenAI directly. Meanwhile, a startup is literally offering free apartment cleaning in exchange for robot training data, and Biohub dropped an open platform that can design functional protein therapeutics in days instead of years. Would you trade a spotless kitchen for your household data?
Top Stories
A German startup is offering free cleaning services to NYC residents in exchange for recording camera footage to train household robots, raising privacy concerns about data anonymization and whether participants can request deletion of their home videos from training datasets.
Biohub
Biohub released an open-access AI platform that predicts protein structures and designs functional therapeutic binders in days instead of years, achieving 36-88% success rates in lab validation. The system, trained on 2.8 billion protein sequences, represents the largest AI application to protein biology and is freely available to accelerate drug discovery worldwide.
Cognition AI
Cognition AI raised $1B at a $26B valuation as its AI software engineer Devin reaches $492M run-rate revenue, with major enterprises like Mercedes-Benz and Goldman Sachs achieving dramatic productivity gains through autonomous software development.
CNBC
Mistral AI is exploring designing its own chips to reduce costs and increase infrastructure control while investing €4 billion in European data centers and launching an enterprise agent platform, as it seeks to compete with better-funded U.S. rivals OpenAI and Anthropic.
The article points to research advocating for AI agent architectures that go beyond traditional RAG pipelines to enable more sophisticated reasoning and autonomous capabilities as agent technology matures.
Keep Reading
Industry Voices
David Silver
Founder and UCL Professor at Ineffable Intelligence
The mind behind AlphaGo and AlphaZero is now building Ineffable Intelligence to crack general reinforcement learning beyond games.
Tim Rocktäschel
Founder at Recursive Superintelligence
Leading DeepMind alumnus betting on self-improving AI systems that can recursively enhance their own reasoning capabilities.
Arthur Mensch
Chief Executive Officer at Mistral AI
Steering Europe's fastest-growing LLM challenger with a focus on efficient architectures and open-weight models that rival GPT-4.
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