Fuse wants to disrupt aging loan origination systems used by US credit unions; plus, Another deep tech chip startup becomes a unicorn: Frore hits $1.64B

The startup also announced a $5M 'rescue fund' to help credit unions ditch legacy software for its AI-native platform. Also, at Nvidia CEO Jensen Huang's urging, Frore developed liquid-cooling tech for chips. That shift helped it just raise $143 million. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Written by TechCrunch's Amanda Siberling. The AI industry is constantly churning out news, like major acquisitions, indie developer successes, public outcry, and existentially dangerous contract negotiations. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This is the largest early-stage funding in China’s brain computer interface industry. Also, Benchmark’s new patner Everett Randell, sees Gumloop's enterprise automation as the largest opportunity in AI. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The startup, which was created by Rivian founder RJ Scaringe, is looking to train on data from, and deploy in, Rivian's factory. Plus, Replit raised a new $400 million round and said it hopes to have $1B in ARR by year's end. And, Breakout Ventures is finding growing success by backing early-stage startups in scientific fields such as biology and chemistry. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Canopii's robotic farms can autonomously grow 40,000 pounds of herbs and leafy greens a year while being the size of a basketball court. Also, Legora, an AI platform for lawyers, is now valued at $5.55 billion following a $550 million Series D led by Accel to fuel its growth in the U.S. Learn more about your ad choices. Visit podcastchoices.com/adchoices

-The fund currently offers retail investors exposure to eight startups, including Mercor, Ramp, and Stripe, with plans to expand its portfolio. -Unlike a vibe-coded product built by a college dropout, Eridu's co-founder, Drew Perkins, has been inventing networking tech since the dawn of the internet. -The company launched its first product, a Game Boy-style handheld device called the Chromatic, in 2024. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The startup, co-founded by Tesla and Apple alumni, has sold nearly 1,000 of its motorbikes so far. Also, AI procurement startup Lio announced a $30 million Series A in a round led by Andreessen Horowitz. Learn more about your ad choices. Visit podcastchoices.com/adchoices

A source close to the company says the round assigns Science a post-money valuation of $1.25 billion. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The AI-powered customer support startup is the latest example of a fast-growing, young company that's providing employee liquidity. Also, Crunchbase data shows a record $189 billion of global venture capital flowed to startups last month, with AI startups nabbing 90% of the capital. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Some AI founders are using a novel valuation mechanism to manufacture unicorn status. Learn more about your ad choices. Visit podcastchoices.com/adchoices