Windsurf faces acquisition by Cognition AI. This follows a collapsed deal with OpenAI. Google hired Windsurf's CEO Varun Mohan and co-founder Douglas Chen. Google DeepMind also secured a license to Windsurf's tech for $2.

Bay Area tech companies are battling to build popular, useful artificial intelligence — and the fight just ripped apart a startup. Windsurf, an AI company based in Mountain View, began last week as a reported $3 billion acquisition target for OpenAI.

Cognition said the deal structure eliminates existing vesting cliffs and provides accelerated vesting for current staff members, recognizing their contributions to building Windsurf's business foundation.

Microcap Cognition Therapeutics (NASDAQ:CGTX) has skyrocketed 35% in Thursday trading after stating the company had a positive end-of-phase 2 meeting with the U.S. FDA for the oral Alzheimer's asset zervimesine and sees a path forward for a phase 3 program.

Goldman Sachs just hired its first AI coder: Goldman is the first major bank to try out Cognition's agentic AI coder, Devin, signaling a seismic shift in how finance works alongside software https://t.co/5CEvbmAPWX pic.twitter.com/Yngj54XCyF — Quartz (@qz) July 11, 2025