May 30, 2025

Here’s the 2025 Summer Reading List for Wealthy People, According to JPMorgan

JPMorgan released its annual summer reading list, geared to high-net-worth people who are curious about technology, art, and finding true happiness.

South Loop Ventures closes $21M fund in Houston to build up local tech ecosystem

May 20, 2025
South Loop Ventures, a Houston-based venture firm, announced a $21 million Fund I, with Rice Management Company and Chevron Technology Ventures serving as anchor investors.  The firm, which launched in 2022, focuses on seed and pre-seed companies, with $400,000 as the average check size. It also primarily hopes to focus on backing founders of color.  […]

Brex partners with former competitor Zip, with an eye on reducing cash burn to get to an IPO

May 20, 2025
Brex has once again made the surprising, but perhaps realistic, decision to partner with another one-time competitor. This time Zip, the CEOs of both companies told TechCrunch exclusively.  In April 2022, fintech Brex announced it was making “a big push” into both the enterprise and software. The news was notable considering that Brex originally was […]

The Download: introducing the AI energy package

May 20, 2025
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. We did the math on AI’s energy footprint. Here’s the story you haven’t heard. It’s well documented that AI is a power-hungry technology. But there has been far less reporting on the extent…

OpenAI’s Codex is part of a new cohort of agentic coding tools

May 20, 2025
Last Friday, OpenAI introduced a new coding system called Codex, designed to perform complex programming tasks from natural language commands. Codex moves OpenAI into a new cohort of agentic coding tools that is just beginning to take shape. From GitHub’s early Copilot to contemporary tools like Cursor and Windsurf, most AI coding assistants operate as […]

Gravitee, a platform that helps companies manage APIs, raises $60M

May 20, 2025
Gravitee, a platform designed to help companies manage their APIs and other digital traffic pipelines, has raised $60 million in a Series C funding round led by Sixth Street Growth with participation from Riverside Acceleration Capital and Albion VC. The new capital, which brings Gravitee’s total raised to just over $125 million, will be used […]

In a good sign for consumer internet startups, Creator Ventures raises $45M

May 20, 2025
“I’ve got a pretty wild story to tell you,” the early YouTube star Caspar Lee says in a TikTok. He goes on to tell the story of how a startup founder slid into his LinkedIn DMs with a pitch about an eco-friendly deodorant called Wild. He ignored the message at first, but his cousin Sasha […]

AI could keep us dependent on natural gas for decades to come

May 20, 2025
The thousands of sprawling acres in rural northeast Louisiana had gone unwanted for nearly two decades. Louisiana authorities bought the land in Richland Parish in 2006 to promote economic development in one of the poorest regions in the state. For years, they marketed the former agricultural fields as the Franklin Farm mega site, first to…

AI’s energy impact is still small—but how we handle it is huge

May 20, 2025
With seemingly no limit to the demand for artificial intelligence, everyone in the energy, AI, and climate fields is justifiably worried. Will there be enough clean electricity to power AI and enough water to cool the data centers that support this technology? These are important questions with serious implications for communities, the economy, and the…

The data center boom in the desert

May 20, 2025
In the high desert east of Reno, Nevada, construction crews are flattening the golden foothills of the Virginia Range, laying the foundations of a data center city. Google, Tract, Switch, EdgeCore, Novva, Vantage, and PowerHouse are all operating, building, or expanding huge facilities within the Tahoe Reno Industrial Center, a business park bigger than the…