Morning Brew - ☕️ Precious metal

The mineral automakers are clamoring for.
February 20, 2023

Emerging Tech Brew

RAD Diversified

Happy Monday. If you’re looking for a distraction that you can (sorta) credibly argue is productive, well, TikTok is getting its HQ Trivia on this later week.

From this Wednesday, Feb. 22 to Sunday Feb. 26, the app is doing a live trivia contest with a prize pool of $500,000.

Or you could just skip to the bottom of this newsletter and play our weekly news quiz. There’s no cash prize, but you’ll feel really, really smart if you get a 5/5. We promise.

In today’s edition:

Four charts that show how the EV surge will drive lithium demand
How retailers are trying to wrangle AI chatbots
Coworking

Grace Donnelly, Maeve Allsup, Dan McCarthy

ELECTRIC VEHICLES

The EV revolution’s most precious metal

collage of a car with battery and lithium mines Francis Scialabba

After decades of subdued interest in lithium, rapidly rising demand and prices have made “white gold” one of the hottest sectors in the mining world.

Batteries are a foundational technology in the transition away from fossil fuels. And in order for automakers to electrify their fleets and renewable energy developers to meet their aggressive goals, the world will have to make a lot more of them.

  • At least for now, lithium is in almost every EV battery, and that means demand for the metal likely isn’t going to slow any time soon.

Zoom in: So just how big is the appetite for lithium, and how much of this mineral is available to make the journey from extraction to a battery cell? Here’s a by-the-numbers look at the size of lithium demand as EV adoption accelerates and what it will take to scale the battery industry. Click here to read it.GD

        

TOGETHER WITH RAD DIVERSIFIED

REIT 101: Please take your seat

RAD Diversified

First, a quick lesson.

Real estate investment trusts (REITs) own real estate properties that generate income, equity, or both. There are public and private REITs, which trade on and off the stock market.

There’s also a third kind: public, nontraded REITs. These aren’t traded on the stock market, but are SEC-qualified and regulated to give investors more transparency.

Introducing RAD Diversified and their flagship RADD REIT:

  • The REIT’s stock price has grown 122.22% since October 2019 (as of Oct. 26, 2022).
  • It amassed over $100m in properties and offered 13% in distributions back to investors in 2022.

The minimum investment is $1,000 and investors can redeem their shares twice a year. Find out how the RADD REIT can help you build your wealth into a legacy.

RETAIL TECH

The return of the retail chatbot

AI chatbot messaging user Francis Scialabba

The word “chatbot” holds something of a…negative connotation for many retail shoppers today. Interacting with a bot on a website is notoriously frustrating, slow, and unhelpful.

But the world of chatbots is changing, and fast. The scripted bots of just a few years ago are out, and there’s a new sheriff robot in town.

  • Today’s chatbots are software systems that use a branch of AI called Natural Language Processing to understand and respond to everyday human language. (If your mind went straight to ChatGPT, you’re on the right track!)

Big picture: The widespread adoption of conversational AI could bring efficiency and improved customer experience to the retail world, addressing everything from supply-chain woes to onboarding issues. But despite the large number of AI offerings out there, the rapid evolution of retail chatbots hasn’t come without challenges. Keep reading the story from Retail Brew here.—MA

        

FROM THE CREW

The Crew

Trend alert: cybersecurity edition. One thing’s for sure in 2023—cybersecurity will continue to be a high-impact sector. Nearly every company has some need for tech, and hacks of all kinds are increasing. Check out our predictions about the 3 biggest cybersecurity trends of ’23.

READER SPOTLIGHT

Coworking with…Sean Molyneaux

Coworking with…Sean Molyneaux Sean Molyneaux

Coworking is a weekly segment where we spotlight Emerging Tech Brew readers who work with emerging technologies. Click here if you'd like a chance to be featured.

How would you describe your job to someone who doesn’t work in tech?

As a chief technology innovation officer (CTIO) at Everyday Digital, I develop ideas, strategies, and digital products that help businesses pivot, optimize, and scale up in the technology landscape. My role cross-sections across multiple companies from product to commercial. I work with startups to enterprise-level customers to help them digitally scale up and transform.

What’s your favorite emerging tech project you’ve worked on?

I recently developed a “no code/low code” solution for building and deploying apps in our stack ecosystem. Seeing non-tech users building their own apps with a few clicks without developer intervention has been a joy to observe.

What emerging tech are you most optimistic about? Least? And why?

AI is becoming exciting but requires careful, responsible, and observable use. We are starting to use AI in our own tech stacks as automation, generative, and assistive tools with “wow” outcomes. We are definitely in the decade of useful AI, and I see it benefiting and enhancing human creativity.

Least? I’ve worked a lot in digital learning. I find this part of the tech industry to be steering in the wrong direction (at times) and can be an echo chamber of sorts. Innovations in this space underestimate the crucial element of human connection that is paramount to learning being effective and driving higher engagement.

One thing we can’t guess from your LinkedIn profile?

I am learning to play the drums.

        

BITS AND BYTES

github openai Github

Stat: GitHub claims that its code-generating AI Copilot “is behind an average of 46% of a developers’ code across all programming languages,” up from 27% in June 2022.

Quote: “Car companies—meaning Tesla and others—are marketing this as a hands-free technology. That is a nightmare.”—Missy Cummings, a former NHTSA safety advisor and engineering professor, to the the New York Times

Read: How supermarkets are collecting troves of consumer data—and what they’re using it for.

Personalizing care: LetsGetChecked’s pharmacogenomics solution, myPGx, rounds out their full life cycle of care from home. Learn more about how this game changer is making precision medicine accessible in our interview with their experts.*

*This is sponsored advertising content.

WHAT ELSE IS BREWING

  • An FTX investor filed a class-action lawsuit against three VC and private equity firms that backed the failed crypto company, alleging they gave it an “air of legitimacy.”
  • DocuSign announced it will lay off 10% of its workforce, in a continuation of the tech downturn. The cuts will affect around 700 employees.
  • PlayStation’s VR2 is “a great headset that should be cheaper,” according to Engadget.
  • Whoop, the fitness-focused wearables company, is lowering its prices.
  • Tesla will recall 362,000 vehicles equipped with its “Full Self-Driving Beta” tech, after the NHTSA said the tech increases crash risk; in this case, recall = an over-the-air software update.
  • Tencent is reportedly ditching its VR plans.

TRIVIA

News quiz branding Francis Scialabba

Happy Monday. It’s time to rise and grind*.

*play our weekly news quiz
Click here to jump in.

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Written by Grace Donnelly, Maeve Allsup, and Dan McCarthy

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