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Thiel Capital’s Jack Selby nabs stakes in hot startups like Etched through Arizona connections

Nvidia competitor Etched announced this week that TSMC had manufactured its first chip earlier this year. While the four-year-old startup valued at $5 billion is getting ready to ship systems powered by that chip to customers later this summer, scaling production may prove challenging. Like other chip designers, Etched must compete for limited capacity at TSMC’s Taiwan factories.

Copper Sky Capital, one of Etched’s early investors, is hopeful that the chipmaker will find a solution to its manufacturing constraints by eventually producing chips at Arizona’s TSMC facility. When the four-year-old VC firm invested in Etched’s $120 million Series A two years ago, founder Jack Selby secured an allocation in part by promising to help the startup eventually reshore its chip fabrication to Arizona.

Selby, a former PayPal exec and longtime managing director to Peter Thiel’s family office, Thiel Capital, founded Phoenix-based Copper Sky in 2021 (formerly known as AZ-VC). The firm’s first $115 million fund focused primarily on startups based in Arizona and the Southwest. Selby’s thesis was that most coastal startups, particularly those based in California, Massachusetts, and New York, are grossly overpriced compared to companies popping up in his region. However, Selby saw an opportunity to bridge the gap in the other direction by helping California-based hardware startups move their production to Arizona.

Selby credits Copper Sky’s investment in Etched — an otherwise hard-to-access startup — to his influential role in Arizona’s economy. As a board member of the Arizona Commerce Authority, Selby is deeply involved in recruiting out-of-state businesses to set up manufacturing operations in the region.

“When Copper Sky invested with Etched, the company clearly understood our connectivity to the Arizona semiconductor industry, and in particular the local TSMC GIGAFAB,” Selby told TechCrunch.

While Copper Sky has recently expanded its focus beyond the Southwest to include nontraditional venture hubs nationwide, Selby said that the firm is also interested in backing hardware companies, including in the defense sector, that can set up manufacturing operations in Arizona. 

The firm is expected to soon have more capital to invest in those higher-priced coastal companies, and those throughout the United States. Copper Sky is currently raising a $300 million second fund, according to a regulatory filing.

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Yep, we’re using OpenClaw to date now

Ben Guez has “a bunch of potential international wives in [his] DMs,” thanks to an automated script he set up using OpenClaw, Claude code, and Instagram trial reels.

“I think it’s crazy, like the potential is insane right now,” Guez, a content creator and startup founder, told TechCrunch. “I’m not sure if everyone’s gonna think it’s good, but I mean, it’s working.”

How is Guez wooing so many women? First, he uses the open source AI agent OpenClaw to track World Cup match results. After each game, OpenClaw triggers Claude to create and post a nearly identical Instagram “trial reel” with the same template. In the video, Guez stares out a train car window looking dejected, with the caption: “I can’t believe {COUNTRY} lost… If any {COUNTRY} girls need emotional support… my DMs are open.”

Image Credits:Ben Guez, LinkedIn (opens in a new window)

Guez has made the same post, save for the country name, more than a dozen times. But you can’t tell when you look at his profile, since trial reels don’t show up on a creator’s public page. Since he launched this automation, Guez has gotten over one million views and 200 DMs in a few days. That volume is even more impressive considering that Guez says in his profile that he will only answer DMs sent via Canary, his AI language learning app, which means that these women have to download his app.

You have to hand it to him: Guez is really taking “work smarter, not harder” to another level. But once these women realize he doesn’t actually care about Tunisian soccer, wouldn’t they feel played?

“They’re not feeling angry, they’re more impressed, like, ‘Oh, you’re thinking outside of the box, you’re a genius,’” Guez said. “I think as long as you’re open [about] what you’re doing, I think it’s fine.”

TechCrunch was not able to independently verify the actual reactions of these women, so we’ll just have to take Guez’s word for it. But we can tell you that Guez isn’t the only guy getting creative with the viral AI assistant. While Guez’s methods are a bit more outrageous, other people see OpenClaw as a way to streamline the process of setting up dates.

Jeff Weisbein, founder of a tech PR firm, uses OpenClaw to help him figure out where to take dates across different neighborhoods in South Florida.

“I’m meeting women who are in various parts of South Florida, so I don’t know all of the restaurants or things to do,” Weisbein told TechCrunch. “I have my bot just kind of do all the research and make a document with links to why it’s a choice for whatever type of date it is.”

When I fill him in on Guez’s OpenClaw scheme, he bursts out laughing.

“I guess I’m not leveraging OpenClaw to the fullest,” he said. “But definitely in the realm of using OpenClaw to facilitate a task that I would manually have to do otherwise.”

Like Guez, Weisbein doesn’t hide the fact that he’s using AI tools to help plan dates (it backfired, though, when one woman told him, “I hate AI agents”). In a way, asking OpenClaw where to go for happy hour in Fort Lauderdale isn’t that different from Googling the coolest neighborhood bars, but Weisbein says he would draw the line at using AI to mediate his actual conversations with women.

“I have seen people create bots and ways to swipe using OpenClaw, and I wouldn’t do that. They say it’s a numbers game, but if that’s what it takes… that seems like a pretty terrible way to do it,” he said. “I feel like you shouldn’t delegate your communication when you’re in a relationship with someone to AI.”

People seem hesitant to let AI meddle once there’s an actual connection, but a tech worker named Cailey said that once she’s decided to end a flirtation, she doesn’t mind using Claude to break things off.

“I started using Claude and created an automation that crafts ‘I no longer wish to see you’ messages based on a few key terms I would enter about the date. It’d then automatically send them for me at random times so that I wouldn’t feel the anxiety of when to send,” she told TechCrunch. “It worked really well, until I mentioned it to someone I was on a date with, who I then had to send an automated message to, and he asked if he was talking to Claude or Cailey.”

What’s worse: getting ghosted, or getting broken up with by an AI?

OpenClaw rocked the tech world with its potential when it went viral this spring, but security advocates have continuously warned users about the dangers of giving an AI assistant unilateral control over all of your accounts.

For Lazer Cohen, the co-founder of the security-focused OpenClaw alternative NanoClaw, there are steep privacy implications of outsourcing personal relationships to AI, even if his company advertises date planning as a potential use case on X.

“Whenever you’re giving an agent access to personal information and accounts, you need human-in-the-loop approval,” Cohen told TechCrunch. “We’ve all heard the stories of OpenClaw creating dating profiles for people without their knowledge or consent, or OpenClaw dating coaches spilling to other groups that they’re being used as a dating coach too.”

NanoClaw has found its way into Cohen’s love life, though he uses it in a way that’s a bit more wholesome than mass-producing reels that ask heartbroken soccer fans to slide into his DMs.

“My wife and I personally use our NanoClaw assistant, Rosie, to manage the schedules of our five children,” he said. “But ‘claws’ are widely used to help couples get to the child-rearing phase.”

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Rivian raises EV sales forecast as Q2 production ramps up

Rivian is telling investors that it might see a better sales year than it expected, despite the many headwinds working against electric vehicles in the U.S. right now.

Rivian previously said it would ship between 62,000 and 67,000 vehicles this year, but the company now expects to deliver between 65,000 and 70,000 vehicles, the company said on Thursday.

It’s a small but potentially meaningful bump for the company, which only shipped 42,247 electric vehicles last year. The new forecast comes as EV sales growth has cooled off in the U.S., driven in part by Congress killing the $7,500 federal EV tax credit, and President Trump’s administration axing environmental regulations that encouraged the production and purchase of electric vehicles.

The new forecast could be a sign that the company’s high expectations for its brand new mass-market EV, the R2 SUV, are justified.

Rivian didn’t offer a specific reason for this newfound confidence, only saying it outperformed its own expectations in the second quarter thanks to “robust growth quarter-over-quarter in EDV and R1, coupled with the introduction of R2 deliveries.” (EDV is the name Rivian uses for its electric commercial van.)

Rivian said on Thursday that it built 12,613 vehicles last quarter and delivered 12,194. It had only expected to ship between 9,000 and 11,000.

Rivian has high hopes for the new R2 SUV, which it starting selling last month, starting at around $58,000. The company has expanded its factory in Normal, Illinois, to produce them, and is also building an entirely new production facility in Georgia as it works to manufacture hundreds of thousands of R2s per year.

Rivian hasn’t explicitly said how many R2s it expects to sell this year, but the company’s chief financial officer Claire McDonough has mentioned a range of 20,000 to 25,000 units. It’s unclear if that number has now increased along with the new forecast bump, or if the company expects the excess deliveries to come from its commercial vans and more expensive R1 line of trucks and SUVs.

Either way, more deliveries this year would be good news for Rivian’s bottom line, as the company is still working its way out of a multibillion-dollar hole. The company had said it may finally turn a regular profit in 2027, but it recently pushed that goal off to invest in developing autonomous software, mostly because it now has a deal to supply self-driving R2 SUVs to Uber.

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Tesla saw a massive sales jump in the second quarter

Tesla delivered more than 480,000 vehicles in the second quarter of this year, an increase of more than 120,000 from the first quarter, in a sign that the company is still able to attract new buyers for its EVs despite a downturn in the U.S. market.

The company said Thursday that it built 451,758 in the second quarter, 442,936 of which were Model 3 sedans and Model Y SUVs. It delivered 467,762 of those vehicles, with the remaining 12,364 being “other models” — which includes the Cybertruck and the final-production Model S sedans and Model X SUVs. It was the company’s best second quarter by raw delivery numbers ever, and easily outpaced Wall Street’s expectations.

It’s Tesla’s best quarter for overall sales since the third quarter of 2025, when it shipped just shy of 500,000 vehicles around the world. And while the company still has an uphill battle to stop a two-year trend of declining overall sales, the second quarter results show Tesla is finding ways — through geographic expansion, and cheaper versions of the Model 3, Model Y, and Cybertruck — to buck that trend.

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