August 10, 2022
Image: Richard Drury via Getty Images
Good morning! There’s a big migration happening in Silicon Valley, but it’s not to Austin or Miami or anywhere on a map. Employees are leaving their jobs and pivoting to climate tech. That’s very good for the planet, and it’s good for the workers, too.
Changing the world and chasing exciting opportunities are the ethos of Silicon Valley. Now it seems that people are doing both.
Tech workers are leaving their Big Tech jobs to work on fixing the climate. Climatebase, a talent directory for climate jobs, has been used by more than 500,000 people to find and apply for climate tech jobs since its launch in 2020. And it extends all the way to the top.
Many workers are itching to make a real impact, they told Protocol’s Michelle Ma.
Though Big Tech is trying to do its part with its own climate initiatives, some workers don’t see that as being enough. And with tons of money and interest rolling into climate tech, now might be the time to jump aboard. “What I think is compelling to a lot of folks about the climate mission, in addition to it being more tangible and less contrived, is that it’s usually very much intertwined with and inextricable from the financial interests and incentives of the right climate tech company,” Strauss said.
Read the full story here.
— Nat Rubio-Licht
Video game software company Unity can get bought by AppLovin or merge with ironSource, but it can’t do both.
AppLovin offered to buy Unity yesterday in a deal that would value Unity at about $20 billion. It’d be a tough deal to pass up, but it comes with strings attached.
Regardless of where Unity goes, consolidation was inevitable.
Unity’s either going to make AppLovin’s or ironSource’s life a lot easier soon. If it goes with AppLovin, it’ll become a major player in mobile gaming and the ad channels that support it, but it might also be giving up some control over its future in the process.
— Sarah Roach
Chip shortage could undermine national security: The global shortage of semiconductors has impeded the production of everything from pickup trucks to PlayStations. But there are graver implications than a scarcity of consumer goods. If the U.S. does not ensure continued domestic access to leading-edge semiconductor manufacturing, experts say our national security could suffer.
Mark Cuban doesn’t think there’s any rhyme or reason to the metaverse yet:
Lauren Tropeano and James Rosenstock are joining Skillshare as chief people officer and CFO, respectively. Tropeano comes from DraftKings, and Rosenstock’s from WWE.
Chadwick Ho is Sabre’s new chief legal officer. Ho is a former Hulu general counsel.
Mollie Vandor Forer is Pinterest’s new head of browse product. Vandor Forer was previously a senior product manager at Twitter.
Elon Musk has sold tons of Tesla stock in the past week. Over six SEC filings dating to Aug. 5, he sold close to 8 million Tesla shares worth about $6.9 billion.
BeReal's hugely popular, but how long will it stay that way? We looked at whether close connections on social media are something users want or think they want in the long term.
Microsoft's trying to cut down on spending. It also reportedly laid off the team focused on bringing back consumers.
Facebook turned over information to help police in an abortion case. It handed law enforcement the chats of a mother and daughter in Nebraska after getting a warrant.
Joe Biden signed the chip subsidies bill, providing more than $52 billion to boost chip production in the U.S.
Micron's investing $40 billion in U.S. chip manufacturing, with the help from the aforementioned Chips act, which the company says will create 40,000 jobs.
A former Twitter employee was convicted of spying for Saudi Arabia. He faces 10 to 20 years in prison.
The DOJ is reportedly preparing to sue Google over anticompetitive practices in its ad business.
Australia’s thinking about a CBDC. Its central bank is running a yearlong program that explores launching a digital currency.
The tech industry loves a transformative idea, even if it's unproven on a wide scale. And Kathy Hannun had a big one: drilling into the Earth’s crust to access thermal energy for home use.
Though geothermal tech for individual houses was already commonplace in countries like Sweden, it was practically untapped in the U.S. So Hannun left her job at Alphabet’s X innovation lab to pursue it. Five years later, Hannun said, the company is growing as fast as can be. In an interview with Protocol, Hannun talks about her decision to place a big bet on such a risky idea.
Read the full interview here.
Chip shortage could undermine national security: To ensure American security, prosperity and technological leadership, industry leaders say the U.S. must encourage domestic manufacturing of chips in order to reduce our reliance on East Asia producers for crucial electronics components.
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