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10 Nov 2025

Cadence Acquires Seattle AI Startup ChipStack to Accelerate Chip Design Automation

Semiconductor software giant Cadence Design Systems has acquired ChipStack, a Seattle-based AI startup that developed automated chip verification tools. The acquisition brings ChipStack's 20-person team and AI-powered agents to strengthen Cadence's verification capabilities.

2 Sources

Google TV Streamer Gets Major AI Upgrade as Gemini Replaces Google Assistant

Google is rolling out Gemini for TV to Google TV Streamer devices, replacing Google Assistant with more advanced conversational AI capabilities for natural language content discovery and smart home control.

4 Sources

Former Google and Meta Executives Launch Majestic Labs with $100M to Revolutionize AI Server Architecture

Three former Google and Meta silicon executives have raised $100 million for Majestic Labs, a startup developing high-capacity AI servers with 1,000 times more memory than conventional enterprise servers. The company aims to reduce data center costs by replacing up to 10 server racks with a single unit.

3 Sources

Chronosphere Launches AI-Guided Troubleshooting to Transform Software Debugging

New York-based observability startup Chronosphere introduces AI-powered troubleshooting capabilities that combine artificial intelligence with a Temporal Knowledge Graph to help engineers diagnose production failures faster, addressing the growing complexity of AI-accelerated software development.

2 Sources

AI Presentation Startup Gamma Reaches $2.1B Valuation with Profitable $100M Revenue Run Rate

Gamma, an AI-powered presentation and content creation platform, secured $68 million in Series B funding at a $2.1 billion valuation, demonstrating exceptional efficiency with just 52 employees and profitable operations since 2023.

2 Sources

Time Magazine Launches AI Agent to Transform Reader Engagement with Journalism

Time magazine has introduced a new AI agent built in partnership with Scale AI, allowing users to query and interact with the publication's extensive archive of 750,000 assets. The tool supports 13 languages and represents Time's biggest AI investment yet.

2 Sources

Movano Stock Surges 308% on AI Infrastructure Merger with Corvex

Movano Inc. announces a transformative all-stock merger with AI cloud computing company Corvex Inc., pivoting from medical devices to AI infrastructure. The deal values Movano at $6.25 per share and includes $40 million in concurrent financing.

2 Sources

Legal AI Giant Clio Reaches $5 Billion Valuation with Strategic vLex Acquisition

Canadian legal AI company Clio raises $500 million in Series G funding, reaching a $5 billion valuation while completing a $1 billion acquisition of Spanish legal research platform vLex, marking the largest M&A transaction in legal technology history.

4 Sources

Perplexity CEO Warns AI Companions Are Creating 'Dangerous' Virtual Reality Addiction

Perplexity CEO Aravind Srinivas raises concerns about AI companion apps manipulating users' minds and creating addictive virtual relationships. He positions his company's search-focused AI as a safer alternative while announcing a $400 million partnership with Snapchat.

3 Sources

Scribe Raises $75M at $1.3B Valuation to Show Enterprises Where AI Automation Actually Pays Off

Workflow documentation startup Scribe secures Series C funding to launch Scribe Optimize, a platform that maps enterprise workflows to identify where AI and automation will generate real returns rather than becoming sunk costs.

4 Sources

OpenAI Explores AI-Powered Health Assistant as Tech Giants' Medical Data Dreams Get Second Life

OpenAI is reportedly considering developing consumer health products, including a generative AI-powered personal health assistant, marking another ambitious expansion beyond its core AI offerings into the challenging healthcare sector where previous tech giants have struggled.

3 Sources

Paytm Launches AI-Powered App Redesign with Digital Gold Rewards and Enhanced Payment Features

Indian fintech giant Paytm has unveiled a comprehensive app redesign featuring AI-driven transaction categorization, automated spending insights, and a unique digital gold rewards program. The update includes over 15 new features aimed at streamlining payments for domestic and international users.

2 Sources

Grab Invests $60M in Remote Driving Startup Vay with Potential $410M Total Investment

Singapore's Grab announces strategic investment in German remote driving startup Vay, with $60M initial funding and potential additional $350M based on milestones. The partnership aims to accelerate Vay's US expansion and explore synergies in Southeast Asia's mobility market.

2 Sources

Tsavorite Challenges Nvidia with $100M in Pre-Orders for Composable AI Chiplets

Semiconductor startup Tsavorite Scalable Intelligence unveils its Omni Processing Unit, a composable AI chiplet based on Arm's Neoverse architecture, securing over $100 million in pre-orders from Fortune 500 companies and cloud providers across the US, Europe, and Asia.

2 Sources

AI Data Center Boom Triggers Global Memory and Storage Crisis as Prices Soar 100%

The explosive growth of AI infrastructure is creating severe shortages in memory and storage components, with RAM prices jumping 100% and manufacturers delaying product launches. Major PC brands are panic-buying inventory while data centers consume supply, creating a crisis expected to last years.

21 Sources

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