Ai

Daily • Deepgram

Deepgram acquires Daily, developer of open-source voice AI framework Pipecat: Deepgram acquired Daily for an undisclosed sum. Daily has raised over $62 million and develops the open-source voice AI framework Pipecat. Deepgram provides enterprise voice AI tools.

Hyperexponential • Guidewire

Guidewire to buy Hyperexponential for $1.7B cash, up to $400M more: Guidewire agreed to acquire Hyperexponential for $1.7 billion in cash plus up to $400 million. Hyperexponential makes AI-powered insurance underwriting and pricing software. The deal was announced Tuesday.

OpenAI • OpenAI

OpenAI reportedly secures $11B in commitments at $1.25T valuation, below $1.4T target: Sources say OpenAI has secured about $11 billion in commitments for its latest funding round, less than half its initial $30 billion target. The round values the ChatGPT maker at $1.25 trillion, below its $1.4 trillion target, and OpenAI expects to raise more in coming weeks.

Reddit • Reddit

Reddit lost 1M+ Google referrals a week in October, CEO blames AI Mode: Reddit lost over 1 million Google search referrals per week in October and its stock dropped over 25% despite strong earnings, CEO Steve Huffman said. He blamed Google's AI Overviews and AI Mode for zero traffic to external sites; Reddit is testing login barriers to become a direct destination.

Nano-core Chip • Series C2

AI inference chip startup Nano-core Chip raises over RMB 1 billion in Series C2 round: Nano-core Chip raised more than RMB 1 billion in Series C2 funding, it announced October 28. JianTou Investment led the round; Hangzhou Capital, Kaitai Capital and other investors participated. Proceeds will fund product development and volume-production preparation.

&Truth • seed

AI verification startup &Truth launches with $70M seed round: &Truth launched with a $70 million seed round, Wired reported. It is among startups betting AI can make formal software verification practical and essential.

ADT • acquisition

OpenAI-backed Thrive Holdings buys ADT in $15.3B deal to add AI: OpenAI-backed Thrive Holdings is acquiring ADT in a $15.3 billion deal. The companies plan to bring AI to ADT's home security business.