AI music platform Suno raised $250M led by Menlo Ventures at a $2.45B valuation, up from ~$500M in 2024, and says its annual revenue has reached $200M (Katherine Sayre/Wall Street Journal)

Suno, an AI music startup, has raised $250 million in funding, achieving a valuation of $2.45 billion despite facing multiple lawsuits related to AI training. The company reported an annual revenue of $200 million, showcasing its rapid growth and attracting significant interest from venture capitalists.

Elon Musk's AI company xAI is reportedly in advanced discussions to raise $15 billion in funding, which would elevate its valuation to $230 billion, according to the Wall Street Journal. This funding round reflects the company's rapid growth and ambition in the artificial intelligence sector.

Adobe has announced plans to acquire Semrush, a company listed on the NYSE that specializes in search engine optimization, for $1.9 billion in cash, paying $12 per share. This acquisition comes as the demand for AI-driven solutions in digital marketing continues to rise, with Semrush providing essential tools for businesses like Amazon and TikTok.

Crypto miners, particularly IREN, are transitioning to AI data centers as demand for artificial intelligence surges. IREN's stock, which fell to approximately $1 in 2022, has skyrocketed by 300% in 2025, resulting in a market capitalization exceeding $13 billion. This shift highlights the growing intersection between cryptocurrency mining and AI technology.

Kuaishou reported a 14% year-over-year increase in Q3 revenue, reaching approximately $5 billion, while net profit surged by 37% to around $632 million, surpassing estimates of $588 million. This growth was primarily driven by an increase in advertising revenue and the success of its Kling AI video generator.

A recent audit of 186,000 articles from 1,500 American newspapers reveals that approximately 9% of newly published articles are partially or fully AI-generated. This use of AI is more prevalent in smaller, local newspapers and specific topics like weather and technology. Additionally, opinion pieces from major publications such as the Washington Post, New York Times, and Wall Street Journal are 6.4 times more likely to contain AI-generated content compared to standard news articles. Despite its growing presence, AI usage in journalism is rarely disclosed.

xAI, the artificial intelligence startup founded by Elon Musk, is reportedly in advanced discussions to raise $15 billion, which would elevate its valuation to $230 billion. This marks a significant increase from the $113 billion valuation reported following its merger with X in March 2025. The funding is crucial as xAI aims to enhance its Grok chatbot, which has been rapidly consuming cash in its development efforts.

OpenAI and Intuit have entered into a multiyear agreement expected to generate over $100 million in revenue for OpenAI. This partnership will enhance Intuit's utilization of OpenAI's models and facilitate the launch of ChatGPT applications. Intuit aims to broaden the reach of its products, including TurboTax and QuickBooks, to a wider audience, leveraging OpenAI's advanced AI capabilities.