Another deep tech chip startup becomes a unicorn: Frore hits $1.64B
At Nvidia CEO Jensen Huang’s urging, Frore developed liquid-cooling tech for chips. That shift helped it just raise $143 million.
Fuse raises $25M to disrupt aging loan origination systems used by U.S. credit unions
The startup also announced a $5M ‘rescue fund’ to help credit unions ditch legacy software for its AI-native platform.
The dictionary sues OpenAI
Encyclopedia Britannica and Merriam-Webster say that OpenAI violated the copyright of almost 100,000 articles by using them for LLM training.
Google, Accel India accelerator choses 5 startups and none are ‘AI wrappers’
Google and Accel say about 70% of AI startup pitches tied to India were “wrappers” as they reviewed more than 4,000 applications for their Atoms cohort.
ByteDance reportedly pauses global launch of its Seedance 2.0 video generator
The company is reportedly delaying the launch as its engineers and lawyers work to avert further legal issues.
Wiz investor unpacks Google’s $32B acquisition
Shardul Shah of Index Ventures walks us through Google’s biggest acquisition ever.
US Army announces contract with Anduril worth up to $20B
The Army described this as a single enterprise contract consolidating more than 120 separate “procurement actions.”
Meta reportedly considering layoffs that could affect 20% of the company
These layoffs could help Facebook’s parent company offset its aggressive spending on AI infrastructure, as well as AI-related acquisitions and hiring.
‘Not built right the first time’ — Musk’s xAI is starting over again, again
The AI lab is revamping its effort to build an AI coding tool, with two new executives joining from Cursor.
Lawyer behind AI psychosis cases warns of mass casualty risks
AI chatbots have been linked to suicides for years. Now one lawyer says they are showing up in mass casualty cases too, and the technology is moving faster than the safeguards.