Others

This founder is making cheaper, cleaner steel

September 8, 2026
The steel industry isn’t exactly known for innovation. Very little has changed about purifying iron ore since the process was invented and commercialized in the 1850s. The majority of steelmakers melt solid iron ore at dizzyingly high temperatures inside blast furnaces, where the material reacts with gases to trigger chemical reactions that remove oxygen. It…

Eric Wu’s newest company, out of stealth since May, is going after construction’s labor crunch

September 8, 2026
Eric Wu, who built and ran Opendoor before stepping away in 2022, has had his new company, NavigateAI, out of stealth since May — building AI copilots that give construction workers real-time, hands-free guidance through smartphones and Meta’s AI glasses, backed by $25 million from Elad Gil, Khosla Ventures, and Lennar to tackle a labor shortage severe enough that data center projects alone now need 4,000 to 5,000 workers apiece.