The Cursor acquisition shows that it’s possible for these valuations to be justified. But Cursor was more successful and bent the truth much less.

While I wouldn’t expect anything good for Cognition’s fate, it’s a much safer bet than Thinking Machines, SSI, and some others.

Though they’ll be in big trouble if the more talented Chinese labs stop letting them repackage their work.

The cursor acquisition just shows that there’s always a dumber shithead out there. Though vaporizing Elon Musks money is about as pure of a good as there is out there these days.