Tech Brew // Morning Brew // Update
Critical minerals trends to watch.

Not that the day of the week really matters this time of year, but it’s Friday. Have a little bit of tech news with your next cookie.

In today’s edition:

Tricia Crimmins, Patrick Kulp, Andrew Adam Newman, Annie Saunders

GREEN TECH

Rare earth mineral

lllustration by Emily Parsons, Photo by Chantale Ouellet/Getty Images

From clean tech to critical minerals, China dominates the green economy. Its government policies incentivize Chinese companies to manufacture renewable infrastructure like solar panels (and process the minerals to make them), in addition to batteries and other energy technologies.

But foreign and private-sector efforts to diversify the critical mineral supply chain are picking up steam—and experts told Tech Brew that 2026 will be all about unseating China as the primary processor of such materials.

Private progress: Even though critical minerals can be mined all over the world, processing the materials hits a bottleneck in China. In response, many companies outside China are pioneering ways to refine critical minerals. This includes pH7, a company that refines critical minerals by recycling the chemicals it uses for extraction. This process is an alternative to smelting—aka heating up mineral ores in order to separate the metals.

Mohammad Doostmohammadi, ph7’s founder and CEO, told Tech Brew the company is hoping to help regionalize metal processing by building plants in the US and Europe in addition to its operational plant in Vancouver.

“As long as the processing is happening in South Asia, in China, they’re going to own the market because they own the metals,” Doostmohammadi said. “Regionalizing and localizing the metal processing is going to be the key for the next few years.”

Keep reading here.—TC

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AI

Image of transparent brains blending into each other.

Hannah Minn

Can an AI chatbot act as your therapist? 93 million bucks says the answer is yes.

That’s how much money Andreessen Horowitz, Radical Ventures, Forerunner Ventures, and other firms have poured into Slingshot AI, a mental health startup from Casper co-founder Neil Parikh and AI researcher Daniel Cahn. Over the summer, the company released its first AI chatbot tool, dubbed Ash, after 18 months of development with 50,000 beta users.

Parikh told Tech Brew that Slingshot was born from a desire to help ease a shortage of mental health providers. He hopes Ash might eventually expand access to certain mental health support to those with issues like depression, anxiety, or social isolation, freeing human therapists to focus on patients with the most serious needs.

Keep reading here.—PK

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FINTECH

Kickstarter's home page on a phone screen in 2012.

SeanShot/Getty Images

In late June, while much of the US sweltered under an early-summer heat wave, things were heating up at the crowdfunding platform Kickstarter, too.

Anker’s eufyMake E1, which is about the size of a microwave oven and claims to be the “first personal 3D-texture UV printer,” enabling consumers to print directly on a range of materials and objects, became the most funded project ever for Kickstarter.

The 60-day campaign, which had a $500,000 goal, ended on June 28 having raised $46.8 million, besting the previous record of $41.8 million by fantasy writer Brandon Sanderson, whose project involved publishing four novels over the course of 2023.

With the popularity of crowdfunding platforms like Kickstarter, Indiegogo, and GoFundMe, you’d be forgiven if you thought these platforms had been around for decades. But not so long ago these funding platforms for startups were themselves upstarts: Indiegogo launched in 2008, Kickstarter in 2009, and GoFundMe in 2010.

Keep reading on Retail Brew.—AAN

BITS AND BYTES

Stat: 7%. That’s the percentage of time Instagram users view content shared by friends, Ezra Klein noted in an opinion piece about how algorithmic media captures our attention.

Quote: “No getting your passport out, no getting your ticket out...Four people at a time, people carrying kids, people pushing wheelchairs. That’s what the technology can do.”—Dominic Forrest, iProov’s chief technology officer, to The New York Times about the use of biometric tech in airport security

Read: The chatbot-delusion crisis (The Atlantic)

Skip audit headaches: 409A valuations are more than a quick to-do. Fidelity Private Shares’ guide helps you consider the risks, requirements, and misconceptions that could cost you more than just time.*

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