Gigascale Capital, the VC firm founded by ex-Meta CTO Mike Schroepfer, just announced a new $250 million fund to back startups "rebuilding the physical economy for climate impact."
Why it matters: It marks an evolution of the climate-focused firm Schroepfer launched in 2023 that supports early-stage startups.
The AI boom is pushing companies across the economy — from tech giants to automakers — deep into the energy business.
Why it matters: The scramble for electricity has become the gold rush beneath the AI boom, creating enormous financial value and enormous risk if demand falls short.
