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Story summary
- Factory AI CEO Matan Grinberg terminated board observer Chris Degnan over alleged talks with Cognition.
- Degnan said he resigned, will become Cognition chief revenue officer, and denied conflict claims.
- Cognition CEO Scott Wu denied his team posed as candidates to obtain Factory’s confidential data.
- Vinod Khosla called Factory a struggling second-tier competitor acting out of desperation.
- Keith Rabois said interviewing a rival while on the board is unethical.