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19 Nov 2025

Luma AI Secures $900 Million Funding to Build World's Largest AI Supercluster in Saudi Arabia

Video generation startup Luma AI raises $900 million in Series C funding led by Saudi AI firm Humain, reaching a $4 billion valuation. The partnership will establish a 2-gigawatt AI supercluster in Saudi Arabia, one of the world's largest compute infrastructure projects.

5 Sources

AI Music Startup Suno Raises $250M Despite Legal Battles with Record Labels

Suno, the controversial AI music generation platform, secures $250 million in Series C funding at a $2.45 billion valuation while facing ongoing copyright lawsuits from major record labels. The company reports $200 million in annual revenue with nearly 100 million users.

4 Sources

Musk's xAI Partners with Saudi Arabia for Massive 500-Megawatt AI Data Center

Elon Musk's xAI announces a landmark partnership with Saudi Arabia's Humain to build one of the world's largest AI data centers, marking a significant expansion of AI infrastructure outside the US and strengthening ties between Silicon Valley and the Kingdom.

10 Sources

AMD, Cisco, and Saudi's Humain Form AI Infrastructure Joint Venture with Luma AI as First Customer

AMD, Cisco, and Saudi AI startup Humain have formed a joint venture to build AI data centers in the Middle East, starting with a 100-megawatt facility in Saudi Arabia. The venture has secured Luma AI as its first customer and plans to develop up to 1 gigawatt of AI infrastructure by 2030.

3 Sources

Gaming Industry Divides Over AI: Indie Developers Push Back as Major Studios Embrace Generative Technology

The gaming industry faces a growing divide as indie developers create 'AI-free' marketing campaigns while major studios like Ubisoft and EA integrate generative AI into production workflows, sparking debates about ethics, quality, and the future of game development.

9 Sources

Saudi Arabia Leads $900M Funding Round in Luma AI as Kingdom Expands AI Ambitions

Saudi Arabia's Humain leads a massive $900 million funding round for Luma AI, valuing the video generation startup at over $4 billion. The deal strengthens US-Saudi AI partnerships and positions the kingdom as a major player in artificial intelligence development.

2 Sources

AI Shopping Wars Heat Up: OpenAI and Perplexity Launch Holiday Shopping Assistants

OpenAI and Perplexity have both launched AI-powered shopping assistants just in time for the holiday season, featuring conversational interfaces and instant checkout capabilities. While specialized AI shopping startups remain confident about their niche advantages, the tech giants are leveraging their existing user bases and major retail partnerships to capture the growing AI-assisted shopping market.

14 Sources

Warner Music Group Settles AI Music Lawsuits, Signs Licensing Deals with Suno and Udio

Warner Music Group has settled copyright lawsuits and signed licensing agreements with AI music platforms Suno and Udio, marking a significant shift in the music industry's approach to artificial intelligence. The deals will allow users to create AI-generated music using WMG artists' voices and compositions, with artists maintaining control over their participation.

28 Sources

Adobe Acquires Semrush for $1.9 Billion to Dominate AI-Driven Search Optimization

Adobe announces $1.9 billion acquisition of SEO platform Semrush to capitalize on the shift from traditional search to AI-powered discovery through chatbots and generative AI tools. The deal positions Adobe to help brands optimize for both traditional SEO and emerging generative engine optimization (GEO).

6 Sources

Nvidia Partners with Menlo Micro to Accelerate AI Chip Testing by Up to 90%

Nvidia collaborates with startup Menlo Micro to develop new switching technology that speeds up AI chip testing by 30-90%, addressing a critical production bottleneck as demand for AI chips continues to soar.

2 Sources

Target Partners with OpenAI to Enable Direct Shopping Through ChatGPT

Target becomes the latest major retailer to integrate with ChatGPT, allowing customers to browse, add items to cart, and complete purchases directly within the AI interface. The partnership launches during Black Friday week as part of the growing trend toward conversational commerce.

7 Sources

PowerBank Partners with Orbit AI to Launch $700 Billion Space-Based AI Infrastructure Initiative

PowerBank Corporation announces partnership with Orbit AI to develop the Orbital Cloud, a space-based infrastructure combining AI computing, blockchain verification, and solar energy systems. The initiative targets the growing orbital satellite market projected to exceed $700 billion over the next decade.

2 Sources

Schneider Electric Secures $2.3 Billion in AI Data Center Deals as Partners Eye Massive Growth Opportunities

Schneider Electric announces major partnerships worth $2.3 billion with U.S. data center operators and unveils AI-powered EcoStruxure platform, while partners report unprecedented growth opportunities in the AI infrastructure boom.

4 Sources

Brookfield Launches $100 Billion AI Infrastructure Program with Nvidia and Kuwait Investment Authority

Brookfield Asset Management has unveiled a massive $100 billion AI infrastructure program in partnership with Nvidia and Kuwait Investment Authority, targeting investments in data centers, power solutions, and compute capacity to support the growing AI industry.

6 Sources

Hugging Face CEO Warns of LLM Bubble Burst While Defending Broader AI Future

Hugging Face CEO Clem Delangue predicts the large language model bubble may burst next year, arguing that specialized AI models will replace general-purpose chatbots. Despite potential LLM market corrections, he maintains optimism for AI's broader applications across industries.

3 Sources

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