ElevenLabs Shares at $6.6B, Alibaba's AI Speech Model, and Intel's Exec Exit - Daily AI Brief #278
September 09, 2025 -
Daily AI Brief
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Welcome to today's AI Brief.
ElevenLabs employees now have the opportunity to sell shares at a valuation of $6.6 billion. Perplexity AI has introduced a secure search engine designed for government use. Meanwhile, Intel's Chief Executive of Products has resigned, marking a significant leadership change.
Cognition AI has successfully raised $400 million, bringing its valuation to $10.2 billion. Augment Code has launched a new feature called Agent Memory Review, and Google has expanded its AI Mode to include five new languages.
Welcome to today's AI Brief.
ElevenLabs employees now have the opportunity to sell shares at a valuation of $6.6 billion. Perplexity AI has introduced a secure search engine designed for government use. Meanwhile, Intel's Chief Executive of Products has resigned, marking a significant leadership change.
Cognition AI has successfully raised $400 million, bringing its valuation to $10.2 billion. Augment Code has launched a new feature called Agent Memory Review, and Google has expanded its AI Mode to include five new languages.
ElevenLabs Employees Can Sell Shares at $6.6 Billion Valuation
AI startup ElevenLabs is allowing its employees to sell shares in a tender offer valuing the company at $6.6 billion. This offer is led by investors Sequoia Capital and Iconiq Growth. Read more
Perplexity AI Unveils Secure Search Engine for Government Use
On September 8, 2025, Perplexity AI launched 'Perplexity for Government', a secure AI-powered search engine tailored for federal employees, featuring enhanced security measures to safeguard sensitive data. Read more
Intel's Product Chief Michelle Johnston Holthaus Steps Down
Michelle Johnston Holthaus is leaving her role as Chief Executive of Products at Intel after over 30 years, continuing as a strategic adviser during the transition. This is part of broader leadership changes at Intel. Read more
Cognition AI Raises $400 Million, Valuation Hits $10.2 Billion
Cognition AI has successfully raised $400 million, elevating its valuation to $10.2 billion. This growth is attributed to the success of its AI coding agent, Devin, and the acquisition of AI startup Windsurf. Read more
Augment Code Introduces Agent Memory Review Feature
On September 8, 2025, Augment Code announced a new feature allowing users to manage agent memories directly in the chat panel, enhancing memory accuracy and relevance. Read more
Google Expands AI Mode to Five New Languages
On September 8, 2025, Google announced the expansion of its AI Mode to include Hindi, Indonesian, Japanese, Korean, and Brazilian Portuguese, enhancing global accessibility to AI-powered Search. Read more
Other news
Pinecone Systems Inc has appointed Ash Ashutosh as CEO, with founder Edo Liberty transitioning to Chief Scientist to focus on AI innovations. Meanwhile, Alibaba has unveiled Qwen3-ASR Flash, an advanced speech recognition model supporting 11 languages, enhancing accuracy and performance in noisy settings.
- Pinecone Systems Inc Appoints New CEO
- Varda, LeoLabs, and Anduril Demonstrate AI for Space Maneuver Tracking
- Alibaba Launches Qwen3-ASR for Multilingual Speech Recognition
- Kipu Health Appoints New CFO
- Colgate-Palmolive and Erthos Collaborate on AI Tool for Biomaterials
- Databricks Surpasses $4 Billion Revenue Run-Rate
- JVP and TPG Invest $290 Million in Earnix's AI Expansion
- Public Acquires Tornado's Retail Brokerage Accounts
- Fujifilm Implements Esker's AI Finance Suite at OCS New Zealand
- NeoFarm Secures €30M for European Expansion
- ThunderSoft Unveils AI Vehicle Solutions at IAA Mobility 2025
- Amazon and Microsoft Engineers Launch AI Startup Bluejay
- Geniez AI Secures $6M for AI-Mainframe Integration
- Legora and Deloitte Legal Collaborate on AI Legal Services
- Anthropic Supports California AI Regulation Bill SB 53
- NovaSource Unveils AI Platform for Solar Optimization
- Dazl Launched by Nadav Abrahami with $10M Funding
- Thomson Reuters and Icertis Partner for AI in Contract Management
- Qubrid AI Launches Startup Accelerator Program
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