How much revenue does Cognition Labs have to justify this valuation?
Even if we forecast this, Devin is using GPT-4. That is going to be very expensive for Cognition Labs for the number of API calls / credits they are doing and it will be a while for them to roll their own model to surpass GPT-4 for Devin to 'replace' developers.
Otherwise, this tells us that we are at the very peak of another VC fuelled AI bubble which will end with lots of losers being unable to generate meaningful revenue and the VCs will push and run this startup into the ground.
Comments
How much revenue does Cognition Labs have to justify this valuation?
Even if we forecast this, Devin is using GPT-4. That is going to be very expensive for Cognition Labs for the number of API calls / credits they are doing and it will be a while for them to roll their own model to surpass GPT-4 for Devin to 'replace' developers.
Otherwise, this tells us that we are at the very peak of another VC fuelled AI bubble which will end with lots of losers being unable to generate meaningful revenue and the VCs will push and run this startup into the ground.