Scott Wu Says AI Won’t Replace Coders and He’s Right
Cognition CEO Scott Wu says AI coding agents aren’t built to replace human developers. Most fintech executives are misreading the data and making cuts they’ll regret. Here’s what the numbers actually say and what smart operators are doing instead.
Cognition AI Raises $1B at a $25B Valuation
Cognition closed a $1 billion funding round at a $25 billion pre-money valuation in 2026. The market is repricing software engineering labor at scale, and the companies that adapt first will carry a permanent cost advantage over everyone else.
Oracle Cuts 491 Jobs in Washington as AI Bills Hit Tech
Oracle cut 491 Washington jobs on March 31, 2026, with zero warning to fund AI infrastructure. Part of 25,000 global cuts as companies trade human capital for data centers in the AI gold rush.