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21 Nov 2025

Physical Intelligence Raises $600M to Develop Universal AI Robot Brains

Robotics startup Physical Intelligence secures massive funding round led by Alphabet's CapitalG to develop general intelligence systems for robots. The company aims to create AI algorithms that can power any type of robot across diverse applications.

2 Sources

Insurtech Startup Pibit.AI Raises $7 Million Series A to Accelerate AI-Powered Underwriting Platform

San Francisco-based insurtech startup Pibit.AI has secured $7 million in Series A funding led by Stellaris Venture Partners to enhance its AI-powered underwriting platform CURE, which streamlines insurance risk assessment processes.

2 Sources

Coverbase Raises $16M Series A to Scale AI-Powered Procurement Platform

San Francisco-based Coverbase secured $16 million in Series A funding to expand its AI-native procurement platform that automates vendor onboarding and risk management. The startup, founded in 2024, serves major clients including Okta, Coinbase, and Nationwide.

2 Sources

20 Nov 2025

Perplexity Launches Comet AI Browser on Android, Intensifying Mobile AI Browser Competition

Perplexity has released its AI-powered Comet browser on Android, marking a significant expansion into mobile browsing with features like voice mode, tab summarization, and built-in ad blocking. The launch represents the first major AI-centric browser to reach mobile platforms.

19 Sources

Sunday Robotics Unveils Memo: A Household Robot Trained on 10 Million Real-World Chores

California startup Sunday Robotics has introduced Memo, a wheeled household robot capable of performing everyday chores like loading dishwashers and making espresso. The robot was trained using data from over 500 homes and 10 million household routines captured through innovative sensor gloves.

4 Sources

Finnish Startup NestAI Raises €100M in Partnership with Nokia for Defense-Focused Physical AI

Finnish AI startup NestAI has secured €100 million in funding from Nokia and Finland's sovereign fund to develop physical AI solutions for defense applications, including unmanned vehicles and autonomous operations, marking a significant push for European technological sovereignty.

2 Sources

Major Music Labels Embrace AI with Klay Partnership, Marking Industry Shift

All three major music labels have struck licensing deals with AI startup Klay for an AI-powered streaming service that lets users remix songs. This represents a significant shift from previous copyright battles to collaborative monetization of AI music technology.

4 Sources

AI Fintech Startup Kaaj Raises $3.8M to Revolutionize Small Business Lending with Automated Credit Risk Analysis

Kaaj, founded by former American Express and Uber executives, secured seed funding to automate credit risk analysis using AI agents, reducing loan processing time from days to minutes and making smaller loans economically viable for lenders.

3 Sources

19 Nov 2025

AI Pioneer Yann LeCun Leaves Meta After 12 Years to Launch World Models Startup

Yann LeCun, one of the 'godfathers of AI' and Meta's Chief AI Scientist, is departing the company to create a startup focused on Advanced Machine Intelligence (AMI) and world models. His exit follows internal tensions over AI direction and resource allocation at Meta.

19 Sources

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

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

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