Tech
Everyone wants a piece of Tesla’s battery business
First Tesla, then Ford, and now GM — it seems every automaker wants a slice of the energy storage market.
It’s easy to see why. While EV sales have stagnated in the United States, sales of large, stationary batteries have doubled in the past two years. And they show no signs of stopping.
Despite incentives being gutted in the One Big Beautiful Bill Act, the Solar Energy Industries Association expects annual installations to exceed 110 GWh per year by 2030, about double what they are today.
“There’s a lot of potential for this market,” Kurt Kelty, vice president of battery and sustainability at GM, told TechCrunch.
GM has dabbled in energy storage before, but on Tuesday it took a bigger swing, rolling out an entirely new sodium-ion battery chemistry that’s aimed at the heart of the market.
The skyrocketing energy storage market is being driven higher by the convergence of three trends. The most obvious is the expansion of data centers being built to serve AI. Data center energy demand is expected to nearly triple by the end of the decade. But alongside that growth, entire swathes of the economy, including transportation, manufacturing, and HVAC, are being electrified.
“Data centers are a big part of the growth, but even without data centers, it started to really pick up,” Kelty said.
It’s not just automakers that are diving into energy storage. Startups have been raising large rounds to capture a chunk of the market. Base Power raised a $1 billion Series C in October to expand beyond Texas, while Lunar Energy raised $232 million to sell batteries to homeowners. Others, like Lightship, are pivoting somewhat. The electric RV manufacturer is now selling a mobile battery for job sites and other locations that need temporary power.
So far, Tesla has taken the lion’s share of the energy storage market. Of the 57 gigawatt-hours installed last year, Tesla was responsible for 82% of those installations. The company’s annual revenue from energy generation and storage has doubled since 2023, largely due to growth in Megapack and Powerwall installations. Tesla’s gross profits for the segment are around 30%, about double what it makes selling EVs and at least three times higher than typical automaker margins. GM’s gross margin over the last 15 years has averaged just over 11%.
But despite the market’s potential, GM isn’t exactly rushing in. Rather, its first major product, the sodium-ion cells, won’t be ready until later this decade. “We’re going to develop a family of cells that is appropriate for this market,” Kelty said.
Kelty and his team point to sodium-ion’s strengths as reason enough for waiting: The materials are cheap and abundant, it doesn’t require an active cooling system, and it can withstand many more charge-discharge cycles than lithium-ion batteries.
It doesn’t hurt that China has yet to corner the market on materials for sodium-ion batteries, like it has with other chemistries. Nearly all of the world’s cobalt is processed by Chinese companies, for example.
“It gives us a path towards supply-chain resilience and low-cost materials,” Andy Oury, business planning manager at GM, told TechCrunch. “Sodium-ion is very much in its infancy with the opportunity for the supply chain to grow anywhere people want to invest in it.”
GM could have taken a path of lesser resistance by simply repackaging the lithium-ion cells it’s currently pumping out at its gigafactories, like Tesla and Ford have done. But the automaker is still bullish on the future of EVs, and it doesn’t want to reassign its lithium-ion manufacturing capacity for fear of being caught flat-footed if there’s a resurgence in the EV market.
“It’s one thing to build cells when there’s excess capacity,” Oury said. “It’s another thing when we return to a high-growth mode and every new battery you want needs a new plant.”
Such a resurgence could be partly under GM’s control. The company is developing an entirely new chemistry, lithium-manganese-rich (LMR), that’s set to debut in 2028. LMR promises to deliver most of today’s range while cutting the cost of a new EV by about 10%. That would bring EVs near parity with fossil fuel vehicles, eliminating one of the main hurdles to adoption.
After LMR, sodium-ion is another chemistry that could disrupt the automotive industry. Chinese automakers have already begun to dabble with it. EVs powered by sodium-ion packs are heavier and have less range, but they’re cheaper and less prone to catching fire. Plus, they have the potential to charge rapidly. Altogether, that makes for an attractive combination for lower-cost EVs.
“Is this the right play for EVs in the long run? That’s yet to be decided,” Kelty said. “It does give us the advantage that if we want to go that direction, it’ll be very easy for us because we’re going to be right doing a lot of research on this anyway. We’re not ruling it out.”
The risk in moving more deliberately than its competitors, of course, is that the AI bubble bursts, data center construction halts, and GM misses the wave. Paul Menson, director of energy storage commercialization at GM, thinks the bet on sodium-ion will pay off even if that happens. “No market grows indefinitely forever,” he said. “That’s why you have to have the best product. Because if you have the best product, it doesn’t really matter what happens in the market contraction because you still have the best product.”
Even still, Kelty has a sense of urgency. “We’re actually exploring other ways to get in the market faster,” he said. “We’re definitely going to try and go as fast as possible.”
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Tech
Snapchat limits users under 16 to sharing Spotlights with friends
In an attempt to guard underage users from being doxxed, Snapchat is adding new content control restrictions on its platform: Users between 13 and 15 years old will only be able to share Spotlight posts with people they follow back.
The social network said that users under 16 years old will get a separate profile to show Stories and Spotlight posts to friends that they follow back. The content for these users won’t show metrics, like favorite counts, that create pressure to rank up engagement.
Until now, Snapchat has allowed this cohort of users to share Spotlight posts with everyone, though their posts aren’t attributed to their profiles, preventing other users from contacting them.

Users aged 16 to 18 can still share Spotlight posts publicly, but their posts will be limited to friends, followers, and users with whom they share mutual friends. Plus, parents can see how much time their kids spent on parts of the platform, like Stories and Spotlight, through the Family Center.
The company currently prevents strangers from sending friend requests or messages to teenagers. The app shows a warning message to teen users if they start a chat with a stranger, and also restricts the type of content teenagers can see on the platform.
Social media platforms like Instagram have also moved to restrict experiences for teenage users in recent years, including introducing specialized accounts.
Earlier this year, Snap settled a lawsuit that accused it of abetting social media addiction. It is fighting other, similar cases across the U.S.
In an interview with CNBC, Snap CEO Evan Spiegel cited some studies to say Snapchat has a “positive impact” on users as it connects them to friends, and that the service shouldn’t be lumped with the likes of TikTok and Instagram.
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Tech
Decart’s new world model can simulate hours of photorealistic driving — with some caveats
AI startup Decart on Wednesday unveiled Oasis 3, its latest interactive world model that can generate photorealistic driving environments in real time, TechCrunch has exclusively learned. The model is currently available via API.
The startup is initially targeting autonomous vehicle companies that need to simulate rare driving scenarios at scale, and plans to expand into robotics and other physical AI applications. But the bigger bet is on developers: By offering API access from day one, Decart is trying to build a developer ecosystem around world models much like how OpenAI did with language models.
“It’s going to be the first usable world model that people can actually program on top of,” Dean Leitersdorf, co-founder and CEO of Decart, told TechCrunch. “I think there’s going to be an entire developer community that emerges on top of this.”
The startup already has a community of more than 100,000 developers, many of whom are building products on top of its real-time video model Lucy, largely in e-commerce and livestreaming. Oasis 3 is based on that foundation model, and it represents the company’s push into physical AI. Access is priced at $0.02 per second, and enterprise pricing depends on use cases, Decart said.
Decart is playing in an increasingly packed world model arena. Last year, Google released Genie 3 in research preview, Fei-Fei Li’s World Labs launched Marble for commercial use cases, and video generation startups like Luma and Runway are also translating their physics-aware video models into world models.

Oasis 3’s release comes a few weeks after two-year-old Decart raised $300 million, which Leitersdorf says followed “huge demand increases for the models we built” in e-commerce, livestreaming, and physical AI. The round boosted Decart’s valuation to nearly $4 billion, and brought a series of strategic investors such as Toyota, Adobe, and eBay. All of these companies are potential customers, says Leitersdorf. Nvidia, an existing investor, also participated in the round.
Oasis 3’s edge lies in the photo-realism of its models and infinite generation capability. That’s due to some efficiency wizardry on Decart’s part, powered by the company’s other main product: the DOS (Decart Optimization Stack) software that allows models to run efficiently on Nvidia, Amazon, and Google hardware, making its models far less expensive to run than competitors.
“This is built on top of our entire real-time stack, which we optimize all the way down to the hardware,” Leitersdorf said. “By being so vertically integrated, we’re able to be more than an order of magnitude cheaper than anyone else in the industry in order to run these models.”
The startup’s models are so efficient, per Leitersdorf, that it has burned through “drastically less” than $100 million in its lifetime.
Oasis 3 generates physically accurate, multi-camera environments — one front-facing and two side-facing — for training and testing systems. And instead of offering limited demos and research previews, Decart allows developers to generate scenarios infinitely, which is perfect for autonomous vehicle developers looking to try as many edge cases as possible.
Compared to other models I’ve tried, like Google’s Genie 3 or World Labs’s Marble, Oasis 3 delivers the most photorealistic environments from a single text prompt I’ve seen. And the fact that you can interact with them for hours suggests a level of efficiency that Decart’s rivals might lack.
But by letting you generate a world for so long, the model also degrades significantly.
In my testing, I found the system could consistently set up a strong initial scene that matches the prompt, but the thematic integrity degraded rapidly as I moved through the world. I prompted it to generate a New York City street in the morning, it did so, beautifully. But as I drove along, the environment looked less like New York and more like a standard version of any urban, Western city.
When I tried to turn around and make my way back to the initial intersection, it was gone, replaced by an entirely new environment. On top of that, the controls aren’t very responsive, and I often lost control over where the car was moving (again, a drawback shared by other world models I’ve tested). The experience felt less like a coherent simulation and more of a dream-like, disjointed stream of consciousness that quickly grows nonsensical.
Another issue, which I’ve also seen in other world models, is that the car will just drive through other cars, meaning the model doesn’t simulate physics properly in the environment. Leitersdorf calls this a “major research problem that we’re cracking now,” attributing it to the fact that “there’s drastically more data on good driving compared to accidents.”
Part of what makes this physics consistency difficult is fundamental to how this world model works. Oasis 3 is auto-regressive, meaning it generates one frame at a time, and looks back at what it previously generated to decide what comes next. This is a key architectural feature of many world models, and it is a compute-intensive one, too.
In order to maintain consistency, Leitersdorf says the Decart team is working to improve the length of the model’s memory.
“Every frame we generate is roughly 8,000 tokens,” he said. “Generating this at tens of frames per second — that’s hundreds of thousands of tokens per second. The context window fills up very quickly. We’re researching how to do longer context to store millions more tokens, and how to compress the memory into fewer tokens.”
Leitersdorf thinks the consistency issue might be partially solved in the model’s next version, which will allow users to start generating worlds based on a video of an environment rather than an image. He acknowledged that world models as a field are still early.
Still, the founder is less focused on the current limitations of his tech than what will happen when developers get their hands on it.
“It takes me back to the early days of LLMs, when OpenAI invented the API for models,” he said, pointing to the emergence of a developer community that advanced the field by finding and building new use cases.
“When we talk again in three months, we’ll be like, ‘Here’s 100 developers that all built 100 different applications with Oasis that surprised all of us,’” he said.
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Tech
Jedify raises $24M to help companies arm AI agents with context on their business
AI vendors promote their enterprise products as if they’re turnkey solutions, but the chances are low that AI agents will hit the ground running right away. Unless you put in the effort to train a model on the specifics of your business, it’s unlikely to understand how your company, for example, defines revenue or knows who is allowed to see which file. That’s part of the reason why we’re seeing AI companies deploying engineers to help integrate their AI products into customers’ systems.
New York-based startup Jedify is attacking this very gap. The company says its platform connects to enterprises’ knowledge sources via APIs to build a “context graph” about their business that AI agents can use to work better. These sources can be databases, data warehouses and lakes, SaaS apps, or BI tools, as well as unstructured sources such as reports, documentation, code bases, and even Slack channels and meeting recordings.
To build that out, Jedify has raised $24 million in a Series A funding round led by Norwest, TechCrunch has exclusively learned. The round saw participation from returning backers S Capital VC and Cerca Partners, as well as new investor Oceans Ventures. Data giant Snowflake also participated as a strategic investor and is integrating the startup’s tech with its AI products, such as its Cortex AI service, Semantic Views, and CoWork.
Jedify’s pitch is that to be useful within enterprises, AI agents need access to the relationships between entities, data, permissions, domain knowledge, workflows, operational assumptions, and company-specific terminology. This context, the company says, allows an AI agent to narrow its attention to the information that is relevant to a particular task instead of searching across everything a company has.
Co-founder and CEO Assaf Henkin (pictured above, on the far right) pointed to Kiteworks, a compliance company, as an example of how customers are using Jedify. Kiteworks connected Snowflake, Tableau, Notion, and internal playbooks, including documents and screenshots, to Jedify, then built agentic tools for different customer workflows.
“They wanted to arm their sellers and account teams with a sophisticated app — you can think of it as both like a dashboard application and a real-time conversational application. When they go into a customer conversation, Jedify builds for them, on the fly, everything they need to know. And during the conversation, they can, in real time, get very specific details surfaced proactively,” Henkin said.

Henkin argues that Jedify’s context graph is different from the semantic layers, metadata catalogs, and knowledge graphs that companies already use because it is multi-dimensional, capturing relationships across entities, data, people, permissions, and customers. It’s also model-agnostic and updates in real time as information flows into and out of the systems it is connected to.
“When you want to enable an agentic solution to really be autonomous, to drive decisions across CRM data, Zendesk tickets, maybe telemetry data that’s coming in real time, that’s when a context graph is much better in terms of capabilities versus a semantic layer,” he said.
Permissions are an obvious hurdle here. It wouldn’t do for an agent to give an intern access to the CFO’s revenue projections, for example. Henkin said his platform works to address that by inheriting permissions from identity systems, file systems, SaaS tools, and databases, including row-, column-, and table-level access rules, then lets its customers create additional groups that define what and whom agents or workflows are allowed to reach. It also offers observability and governance tools to help customers ensure their AI agents are behaving as intended.
Jedify is currently targeting mid-market and large enterprise customers that have mature data stacks and multiple databases or data warehouses. Henkin said the company has between 10 and 20 early customers, one of which is The Weather Company, and is seeing interest from data-heavy sectors such as gaming, industrials, and consumer packaged goods.
Snowflake’s investment and partnership are notable because large data platforms are also trying to build similar capabilities. But Henkin argues that Jedify is complementary to such efforts because much of a company’s data, and most of its institutional knowledge, isn’t usually stored with a single cloud provider.
“[The large data companies] will tell you, ‘Oh yeah, just bring everything.’ But in reality, companies have multiple databases, and warehouses, and data solutions […] The big thing is that not all of your data is in those environments, and most of your knowledge is not there, so it’s a bit of a disadvantage that they actually have,” he said.
Henkin also noted that for companies trying to do this on their own, training an AI model to build a comparable context layer can be cost-prohibitive, especially as companies are scrutinizing and clamping down on their AI token usage.
And the rapid advances in AI model development play into the company’s broader bet: As models grow more capable and more interchangeable, proprietary context that helps those models work better within businesses could prove a valuable and durable moat.
The startup will use the fresh cash for product development, hiring, and go-to-market motion. It brings the firm’s total funding to about $33 million.
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