Morning Brew - ☕️ We’re halfway there

The (half) year in review.
Morning Brew July 01, 2022

Emerging Tech Brew

Paradox

Happy Friday. It’s been a very long half year. The world of emerging technology entered 2022 flying high on the fumes of 2021, and six months later, a snarl of crises, from war to inflation, makes the prospects for the rest of the year murkier than ever.

For today’s issue, we’re going to do things a bit differently and spend the whole thing looking in the rearview.

Read on for your H1 2022 rewind, or skip to the full thing on-site.

Dan McCarthy, Grace Donnelly, Hayden Field, Jordan McDonald

MID-YEAR RECAP

Part one

last image of the james webb telescope NASA

January

️Our theme of the month: The year ahead

Headline speedrun:

Your favorite story? This list of emerging tech predictions for 2022

VCs invest: $61 billion.

🗣 Quotation of the month: “I think that there is a real genuine, existential risk associated with how that gets done.”—Second Life founder Philip Rosedale, on tech giants creating the metaverse. After 11 years, he’s returned to working on Second Life, a pioneer of digital worlds

February

️Our theme of the month: Digital health

Headline speedrun:

  • Meta breaks out Reality Labs’ financials for the first time (it loses many billions of dollars).
  • The IRS says it will use facial recognition, then says it won’t.
  • Researchers announce a nuclear-fusion record.
  • Russia invades Ukraine, shocking supply chains from semiconductors to EV batteries and prompting an ongoing wave of tech company reactions.

Your favorite story? Our primer on vertical farming, which is growing like a weed

VCs invest: $52 billion

🗣 Quotation of the month: “It’s like being born again”—Jimi Olaghere, one of the first seven patients to receive a CRISPR-based gene-editing treatment for sickle cell, as part of a medical trial

TOGETHER WITH PARADOX

Less tech, more people

Paradox

You like tech. We like tech. But do you know what the *best* kind of tech is? The kind that puts in work without making you work.

Paradox believes in a world where hiring technology is invisible—so seamless and conversational, you don’t even notice it.

You will notice, however, just how much it streamlines your hiring process with screening, interview scheduling, and onboarding, all smoothly automated via text message. 

Yep, all that admin work just went poof. Save hours, find great people, and reduce time to hire by over 50% with tech that gets it.

See for yourself here.

MID-YEAR RECAP

Part two

A view of the nickel electrolysis workshop at Kola Mining and Metallurgical Company (Kola MMC), a unit of Russia's metals and mining company Nornickel, Kirill Kudryavtsev/Getty Images

March

️Our theme of the month: Smart cities

Headline speedrun:

Your favorite story? Our reporting on Looker workers unknowingly training their replacements

VCs invest: $52 billion, again.

🗣 Quotation of the month: “The most important, and one of the most vulnerable, supply chains the American semiconductor industry is facing today is the supply chain of human talents.”—Mung Chiang, Purdue University’s dean of the College of Engineering, to Axios

April

️Our theme of the month: Battery tech, for EVs and beyond

Headline speedrun:

  • The IPCC declares carbon-removal tech “essential,” and the tech has a banner…fortnight.
  • Google releases PaLM, which it says is its most advanced AI…even more than LaMDA. No, it’s not sentient either.
  • Project Kuiper secures launch plans.
  • Lithium-ion battery prices rise for the first time in a decade, and Rivian founder RJ Scaringe says, “We ain’t seen nothing yet,” basically.

Your favorite story? Now, a Reddit-trained AI can tell you if you…r/…the asshole

VCs invest: $47 billion, a 12-month low.

🗣 Quotation of the month: “The cheapest form of carbon removal is mitigation today. It’s always going to be cheaper to cut the tonne of carbon today—that we can—than it will be to suck that carbon out of the atmosphere later in the century.”—Zeke Hausfather, climate lead at Stripe, told us

MID-YEAR RECAP

Part three

Jerry Chow of IBM quantum in front of a white board Dianna “Mick” McDougall

May

️Our theme of the month: Space tech for humans

Headline speedrun:

Your favorite story? This profile of Jerry Chow, who is building the future of quantum for IBM

VCs invest: $39 billion, and sentiment starts to sour.

🗣 Quotation of the month: “The launch industry is at a point where the technology is so mature that it may not be necessary to have the US government invest in it. It may be we’re at a tipping point with this rocket.”—Dan Goldin, a former NASA administrator, to the Wall Street Journal

June

️Our theme of the month: The future of AI safety

Headline speedrun:

Your favorite story? A day in the life of a vertical farmer

VCs invest: TBD, but probably not good.

🗣 Quotation of the month: “At the end of the day, the market is too big and the opportunity is too great to completely dissipate.”—Paul Mulé, senior vice president of finance at climate software startup Arcadia, to E&E News, re: the climate tech’s prospects in a potential recession

FROM THE CREW

Francis Scialabba

What do you get when you combine industry leaders, tech-enthusiasts, and delicious food and coffee? The first-ever Emerging Tech Brew Summit! We’ve gathered executives and innovators from prominent orgs like Volkswagen, the Department of Energy, Synthego, and more to discuss emerging technology’s impact on the areas of food, energy, and health.

Join us on September 29 in NYC for a full day of insights, networking, and (hopefully) some fun! Take advantage of our early-bird pricing—buy tickets now and save!

BITS AND BYTES

Stat: The White House said the US will increase its domestic EV-charger manufacturing capacity to more than 250,000 chargers per year, thanks, in part, to $700 million in private-sector investment.

Quote: “The most challenging topic is not ramping up the car plants. The most challenging topic will be ramping up the battery supply chain.”—VW Chief Financial Officer Arno Antlitz to Reuters

Read: AI hype is creating a chasm between public perception and technological reality.

Life hack: Link your crypto and NFT assets to CoinTracker—it’s the easiest way to peek at your portfolio in real time, generate tax forms, and gain valuable insights. Join over 1 million users here.*

*This is sponsored advertising content.

WHAT ELSE IS BREWING

  • Climeworks, which opened the world’s first direct air-capture plant for carbon removal last year and raised $650 million in funding this year, announced its second DAC plant.
  • FCC commissioner Brendan Carr, a Republican, requested Google and Apple remove TikTok from their App Stores due to data-privacy concerns. Shades of the Trump-era TikTok “ban” back in 2020.
  • Autonomous-vehicle companies are pleading with California to green light heavy-duty, self-driving trucks.
  • Tesla laid off 200 Autopilot workers, most of whom were working as data-labelers.
 

Written by Dan McCarthy, Grace Donnelly, Hayden Field, and Jordan McDonald

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