Cognition has launched a new low-cost plan for its AI programming tool Devin, reducing the entry price to $20, with a pay-as-you-go option. Despite initial praise and claims of improved performance in Devin 2.0, the tool still struggles with complex tasks and has faced criticism for introducing bugs and security issues in its code output.

Lovable Labs Inc., a Swedish AI startup, has secured $200 million in funding, bringing its valuation to $1.8 billion. The company specializes in "vibe coding," an AI-assisted development method enabling rapid website and app creation through natural language instructions, and has already amassed over 180,000 paying subscribers within seven months of operations.