Sources: Cognition is generating ~$900M in annualized revenue, up more than 3x since the start of the year, and executives project it will end 2026 with $1.5B+ The Information 2026-08-28 Related Coverage Warsh's Big Test New York Times Discussion @ivan_bezdomny Nikolai Yakovenko on x What would the acquisition price be for Cognition in this environment? $100B? $150B? 100x revenue at least right?