We should talk more about air-conditioning

April 3, 2025
Things are starting to warm up here in the New York City area, and it’s got me thinking once again about something that people aren’t talking about enough: energy demand for air conditioners.  I get it: Data centers are the shiny new thing to worry about. And I’m not saying we shouldn’t be thinking about…

Rivals are rising to challenge the dominance of SpaceX

April 3, 2025
SpaceX is a space launch juggernaut. In just two decades, the company has managed to edge out former aerospace heavyweights Boeing, Lockheed, and Northrop Grumman to gain near-monopoly status over rocket launches in the US; it accounted for 87% of the country’s orbital launches in 2024, according to an analysis by SpaceNews. Since the mid-2010s,…

Y Combinator neobank Djamo raises $17M with 1M users across Francophone Africa

April 3, 2025
Djamo is one of several digital banking startups targeting Africa’s underbanked. But unlike many that focus on large markets like Nigeria, Egypt, or South Africa, Djamo has carved out a niche in Francophone West Africa, specifically Ivory Coast and more recently Senegal, where it now serves over one million customers. The Y Combinator-backed fintech just […]

Space solar startup Aetherflux raises $50M to launch first space demo in 2026

April 2, 2025
Aetherflux, the space solar startup founded by billionaire co-founder of Robinhood Baiju Bhatt, has raised a $50 million in a Series A round as it works to launch its first low Earth orbit demonstration in 2026.  The San Carlos, California-based startup, which came out of stealth last October, aims to eventually launch a constellation of […]

Stablecoin issuer Circle takes another stab at a public listing

April 2, 2025
Circle, the issuer of USDC, a stablecoin pegged to the U.S. dollar, filed to go public on Tuesday. The company, which makes money from interest earned on its reserve assets, reported that its 2024 revenue and reserve income was $1.68 billion, up from $1.45 billion the year prior. Circle’s 2024 net income was $156 million, […]

OpenAI’s o3 model might be costlier to run than originally estimated

April 2, 2025
When OpenAI unveiled its o3 “reasoning” AI model in December, the company partnered with the creators of ARC-AGI, a benchmark designed to test highly capable AI, to showcase o3’s capabilities. Months later, the results have been revised, and they now look slightly less impressive than they did initially. Last week, the Arc Prize Foundation, which […]

Epic Games CEO calls Apple and Google ‘gangster-style’ businesses in need of competition

April 2, 2025
Epic Games CEO Tim Sweeney, whose company makes Fortnite and tools for other developers, including Unreal Engine, called out Apple and Google as “gangster-style businesses” engaged in illegal practices while speaking at a Y Combinator event on Wednesday. The executive also emphasized how the big tech companies’ practices directly affected his own business by scaring […]