Lovable Nears 8M Users, SoftBank Sells Nvidia Stake, and Scribe Hits $1.3B Valuation - Daily AI Brief #328
November 11, 2025 -
Daily AI Brief
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Welcome to today's AI Brief.
Lovable is nearing 8 million users as it targets the corporate market. Nomic has launched an AI platform aimed at built world industries. Meanwhile, Scribe has reached a valuation of $1.3 billion following new funding. SoftBank has sold its stake in Nvidia for $5.83 billion.
Wikimedia is urging AI firms to use its paid API, and Rumble Inc. is set to acquire Northern Data in a $767 million deal. Oracle and Meta are investing in AI infrastructure amid concerns of a bubble. Additionally, DeepL has appointed Martino Cadoni as its new CFO, and Intel CEO will lead AI efforts after the CTO joins OpenAI.
Welcome to today's AI Brief.
Lovable is nearing 8 million users as it targets the corporate market. Nomic has launched an AI platform aimed at built world industries. Meanwhile, Scribe has reached a valuation of $1.3 billion following new funding. SoftBank has sold its stake in Nvidia for $5.83 billion.
Wikimedia is urging AI firms to use its paid API, and Rumble Inc. is set to acquire Northern Data in a $767 million deal. Oracle and Meta are investing in AI infrastructure amid concerns of a bubble. Additionally, DeepL has appointed Martino Cadoni as its new CFO, and Intel CEO will lead AI efforts after the CTO joins OpenAI.
Lovable Nears 8 Million Users, Targets Corporate Market
Stockholm-based AI coding platform Lovable is approaching 8 million users, marking a significant growth from 2.3 million in July. The company is expanding its workforce and focusing on the corporate market. Read more
Nomic Launches AI Platform for Built World Industries
Nomic has introduced a new platform designed to enhance AI capabilities in Built World industries, focusing on improving operations in complex environments. Read more
Scribe Reaches $1.3 Billion Valuation with New Funding
Scribe, a startup from San Francisco, has secured $75 million in funding, reaching a $1.3 billion valuation. The funds will be used to launch Scribe Optimize, a platform aimed at enhancing AI and automation in enterprise workflows. Read more
SoftBank Sells Nvidia Stake for $5.83 Billion
SoftBank has sold its entire stake in Nvidia for $5.83 billion to fund AI investments, including a significant investment in OpenAI. Read more
Wikimedia Urges AI Firms to Use Paid API
The Wikimedia Foundation has requested AI developers to adopt its paid Wikimedia Enterprise API instead of scraping its content, emphasizing the need for proper attribution and financial support. Read more
Rumble Inc. to Acquire Northern Data for $767 Million
Rumble Inc., a video platform and cloud services provider, plans to acquire German AI cloud company Northern Data in an all-stock deal valued at approximately $767 million. The transaction includes a $150 million GPU leasing agreement with Tether and is expected to close in the second quarter of 2026. Read more
DeepL Appoints New CFO Martino Cadoni
DeepL has appointed Martino Cadoni as its new Chief Financial Officer, following strategic growth plans. Cadoni brings over 15 years of financial leadership experience to the role. Read more
Intel CEO to Lead AI After CTO Joins OpenAI
Intel CEO Lip-Bu Tan will oversee AI initiatives following the departure of CTO Sachin Katti to OpenAI. Intel remains committed to prioritizing AI in its technology and product plans. Read more
Oracle and Meta Invest Heavily in AI Infrastructure
The article examines the substantial investments by Oracle and Meta in AI infrastructure amidst concerns of an AI bubble and challenges in aligning AI development with data center construction. Read more
Google Introduces Gemini to Google TV Streamer
On November 10, 2025, Google announced the introduction of its AI assistant Gemini to the Google TV Streamer, replacing Google Assistant. This update enhances user interaction for content recommendations and inquiries. Read more
RAAAM Memory Technologies Secures $17.5M for Chip Development
Israeli startup RAAAM Memory Technologies has raised $17.5 million in a Series A round led by NXP Semiconductors to develop its Gain-Cell RAM technology for AI chips. Read more
C3 AI Considers Sale After CEO Resignation
C3 AI, an enterprise AI software provider, is exploring a potential sale following the resignation of its founder and CEO, Thomas Siebel, due to health concerns. The company is facing financial challenges, with a significant stock decline and a reported net loss. Read more
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