Cognition Labs, a new AI startup, is seeking a $2 billion valuation, despite generating no real revenue yet.
Other AI startups like Perplexity and Mistral have also achieved high valuations recently.
Some experts are skeptical about the current AI market, comparing it to the tech bubble of the late 1990s.
Venture capitalist David Sacks highlighted the challenges faced by AI startups like Cognition Labs in existing code bases.
While impressive demos may attract investors, the long-term success of these startups remains uncertain.
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