There's nothing especially remarkable about taking some risk - everything from drug discovery to drilling for oil involves large up-front costs with uncertain returns.
It sounds a bit like Cognition labs can afford to take a few losing bets costing tens of millions (based on $2bn valuation) but investors seem to be speculating that they'll find something which works in the end.
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There's nothing especially remarkable about taking some risk - everything from drug discovery to drilling for oil involves large up-front costs with uncertain returns.
It sounds a bit like Cognition labs can afford to take a few losing bets costing tens of millions (based on $2bn valuation) but investors seem to be speculating that they'll find something which works in the end.