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The Voltpost team.

Photo courtesy Voltpost and Google.

Thursday marked the third Demo Day for the Google for Startups Accelerator: Climate Change program, where startups in the program presented the status of their startup, capping off 10 weeks of programming and mentorship from Google’s robust network of in-house experts, training, and credits to use Google technology.

This year, the 12 companies mostly fell into three broad categories: Artificial intelligence, electric vehicle infrastructure, and providing companies with better data to decarbonize their operations. There are a couple exceptions: For example, Sesame Solar is decarbonizing disaster response, and Bodhi is improving the customer experience for home solar installations.

Google’s startup accelerator programs are all focused on using artificial intelligence, and some have industry themes like gaming or the cloud economy, particular geographies like India or Brazil, or underrepresented founders like Black founders or Latino founders. All the programs are equity free, meaning Google does not take a stake in the companies for participating, and so far 1,100 startups have participated since the programs launched in 2016.

For this latest cohort, all of the participants had to be somewhere between their seed and series A rounds of investment, already generating revenue or with an established user base, with five employees or more, and with the potential to benefit from Google’s Cloud, artificial intelligence and machine learning capabilities.

Soupid Roy Chowdhury, founder of Eugenie AI

Photo courtesy Eugenie AI and Google

Matt Ridenour, Head of Startup Ecosystem at Google in the U.S., told CNBC he derives a sense of meaning in supporting climate change startups.

“I care about climate tech for many reasons, but most personally, having three young children, I often think about the world that they are inheriting. When I read the headlines about the dangers of the climate crisis, I feel a personal obligation to be a part of supporting innovative climate solutions to scale,” Ridenour told CNBC. “This is one of the greatest gifts I believe I can offer to my children and future generations.”

The programs are also good for Google business because they get early stage companies using the company’s technology, giving it an early edge over competitors like Amazon, Microsoft and Apple.

“Google sees value in supporting the best startups and founders around the world. As they work with our people, products and tools, we mutually benefit. And supporting early stage companies sparks further innovation in the ecosystem, providing further opportunities for developers to build their business on Google products — like Cloud and Android for example,” Ridenour told CNBC.

Google has hosted three climate change startup accelerators for North American companies in the last three years, and all 33 of the participants are all still operating, a spokesperson for Google told CNBC.

The Sesame Solar team.

Photo courtesy Sesame Solar and Google.

Using artificial intelligence to fight climate change

Alphabet-owned Google is itself in the midst of a company-wide push to focus on improving its product offerings with artificial intelligence. Many of the companies in the latest climate change accelerator employ AI and machine learning to help with various tasks such as agricultural soil monitoring, decarbonization of commercial buildings, and improving the process of recycling textiles.

“Teams are leaning deeper into developing AI and ML models to address climate change,” Ridenour told CNBC. “By partnering with emerging technologies like these, startups can have an outsized positive impact, developing solutions and innovations faster and more accurately than ever before.”

Agrology helps farmers adapt to climate change by providing field-level data on smoke, drought, irrigation optimization, microclimate weather forecasts from extreme weather, pest and disease outbreaks. Also, Agrology has a system to monitor the carbon content in soil to help farmers quantify carbon sequestration they achieve with regenerative farming practices and, if they are interested, participate in the carbon credit markets.

The Agrology team working on a farm.

Photo courtesy Agrology and Google.

During the Google accelerator, Agrology made its product more accurate.

“Through mentorship they received in the accelerator, Agrology was able to build a new, more efficient API that uses integrated Google Machine Learning products, increasing their training and testing dataset by over 400%, and reducing their error rate by 4x,” Ridenour told CNBC. “This will help them deliver more accurate data to farmers so they can grow better and more sustainably.”

Another startup within the cohort, Cambio, is using AI to help companies decarbonize large commercial buildings.

“Once companies have set their climate pledges, they find that data tracking and decarbonization across any real estate, whether it’s owned or occupied, is the hardest part of their sustainability journey. Implementation remains a blackbox,” Stephanie Grayson, a co-founder of Cambio, said on Thursday during the demo day.

Cambio provides a baseline carbon footprint for a building, and then uses AI based on previous building projects and recommendations from leading building scientists and data scientists to provide the customer with a path on how to get that building to net-zero. “The bottom line is we’re democratizing best in class building science across the industry at large,” Grayson said.

Leia de Guzman and Stephanie Grayson, co-founders of Cambio.

Photo courtesy Cambio and Google.

“During the accelerator, Cambio was able to connect with Google’s real estate team to get direct product feedback and discuss the topic of decarbonizing buildings,” Ridenour told CNBC. “Armed with Cambio’s ML models, managers can plot an entire real estate portfolio’s path to net zero, a near-term requirement for publicly-traded companies as part of the SEC’s latest carbon emissions transparency proposal.”

Another example is Refirberd, which is using spectroscopy and artificial intelligence to sort recycled textiles, remove buttons and zippers, and send processed textiles to the recycler that can best manage that particular batch of textiles.

Eugenie.AI uses artificial intelligence to help heavy manufacturers track their emissions, report that data for any relevant compliance standards and reduce those emissions with recommendations on how to solve a particular problem.

Refiberd co-founders, Sarika Bajaj and Tushita Gupta.

Photo courtesy Refiberd and Google.

Electric vehicle infrastructure

“As cars become more and more electrified, a variety of startups are tackling the massive EV industry opportunity in creative ways,” Ridenour told CNBC. Indeed, 14% of new cars sold in 2022 that were electric, up from 9% in 2021 and less than 5% in 2020, according to the International Energy Agency.

Batt Genie, one of the startups Google picked for its most recent climate change cohort, was spun out of Venkat Subramanian’s labs at the University of Washington and uses software to improve the function and efficiency of lithium ion batteries, which are used in consumer electronics, electric vehicles and grid storage battery applications.

The battery management system, or BMS, in a lithium ion battery monitors how much charge is left and regulates charging. Batt Genie’s software aims to makes the BMS system more efficient and productive. If a traditional electric vehicle battery lasts for about six years, the same battery can last for 12 years with Batt Genie’s improved BMS, CEO Manan Pathak said on Thursday.

The Electric Fish team.

Photo courtesy Electric Fish and Google.

Another startup within the cohort, ElectricFish Energy, is making an energy storage system that both charges electric vehicles quickly which have smart chargers that store cheap, clean power from the grid when it is available.

“The current state of electric grid is fundamentally broken,” Anurag Kamal, CEO ElectricFish, said on Thursday. “We are the only ones who understands that EV charging is incredibly connected to feeding energy back to the grid itself,” meaning that the ElectricFish device can serve as a source of backup power.

Another company working to improve EV infrastructure is Voltpost, which converts lampposts into electric vehicle chargers. Voltpost has partnered with the New York City Department of Transportation to pilot its lamp posts into EV chargers. And Voltpost is also conducting a pilot at the Detroit Smart Parking Lab in Michigan. During the accelerator, Voltpost connected with the Google Maps team to discuss whether electric vehicle charging locations could be added to Google Maps or Android Auto.

Decarbonization data and reporting

The third area of focus for the startups included in the climate change cohort was improving the data companies use to track their own emissions.

“As governments require more carbon emissions reporting, companies need better data to track their emissions. Startups are offering better analysis and tracking to help customers and consumers understand their emissions and gain actionable recommendations on how to operate more sustainably,” Ridenour told CNBC.

For example, Cleartrace provides auditable emissions data for companies.

“The issue is data around the electricity space, the energy space, and the environmental reporting space, is very hard to come by, very siloed, very error prone,” CEO Lincoln Payton said on Thursday. Before starting Cleartrace, Payton was the head of investment banking for BNP Paribas Americas. “I retired from that to address the biggest issue I saw, which is the quality data available in the transfer to the renewable energy world.”

The Cleartrace team.

Photo courtesy Cleartrace and Google.

Cleartrace is particularly focused on measurement techniques for Scope 3 emissions — emissions associated with a company’s entire supply chain or value chain, which can be fiendishly difficult to track. It’s also looking at helping companies certify how green their operations are, particularly for processes like direct air capture of CO2 emissions and hydrogen production.

Another data-focused company is Finch, which puts sustainability scores on products to help consumers make more climate-conscious shopping decisions. Finch has a browser extension that works on Amazon and Target websites and gives products a sustainability rating between zero and ten, then suggests a more sustainable alternative if applicable.

“For most of the population who believes in climate change and wants to do something about it, but doesn’t necessarily have more than seven minutes to research it online, this is a perfect solution,” Lizzie Horvitz, the founder and CEO of Finch said on Thursday.

Finch sells the data it gathers from consumer behavior to clients, including manufacturers and investors, Horvitz said.

“We are able to see who is buying what and why — that women, for instance, between the ages of 35 and 40 are twice as likely to buy aluminum-free deodorant as men of the same age and location,” said Horvitz.

This kind of data closes what Horvitz calls the “say and do gap,” meaning the difference between what consumers say they will do in a focus group, and what they actually do at checkout.

How Google is reducing the carbon footprint of its massive data centers

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Intuit shares pop 9% on earnings beat, rosy guidance

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Intuit shares pop 9% on earnings beat, rosy guidance

Intuit CEO: This is the fastest organic growth in over a decade

Shares of Intuit popped about 9% on Friday, a day after the company reported quarterly results that beat analysts’ estimates and issued rosy guidance for the full year.

Intuit, which is best known for its TurboTax and QuickBooks software, said revenue in the fiscal third quarter increased 15% to $7.8 billion. Net income rose 18% to $2.82 billion, or $10.02 per share, from $2.39 billion, or $8.42 per share, a year earlier.

“This is the fastest organic growth that we have had in over a decade,” Intuit CEO Sasan Goodarzi told CNBC’s “Closing Bell: Overtime” on Thursday. “It’s really incredible growth across the platform.”

For its full fiscal year, Intuit said it expects to report revenue of $18.72 billion to $18.76 billion, up from the range of $18.16 billion to $18.35 billion it shared last quarter. Analysts were expecting $18.35 billion, according to LSEG.

“We’re redefining what’s possible with [artificial intelligence] by becoming a one-stop shop of AI-agents and AI-enabled human experts to fuel the success of consumers and small and mid-market businesses,” Goodarzi said in a release Thursday.

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Goldman Sachs analysts reiterated their buy rating on the stock and raised their price target to $860 from $750 on Thursday. The analysts said Intuit’s execution across its core growth pillars is “reinforcing confidence” in its growth profile over the long term.

The company’s AI roadmap, which includes the introduction of AI agents, will add additional upside, the analysts added.

“In our view, Intuit stands out as a rare asset straddling both consumer and business ecosystems, all while supplemented by AI-prioritization,” the Goldman Sachs analysts wrote in a note.

Analysts at Deutsche Bank also reiterated their buy rating on the stock and raised their price target to $815 from $750.

They said the company’s results were “reassuring” after a rocky two years and that they feel more confident about its ability to grow the consumer business.

“Longer term, we continue to believe Intuit presents a unique investment opportunity and we see its platform approach powering accelerated innovation with leverage, thus enabling sustained mid-teens or better EPS growth,” the analysts wrote in a Friday note.

WATCH: Intuit CEO: This is the fastest organic growth in over a decade

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Why Trump’s iPhone tariff threat might not be enough to bring production to the U.S.

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Why Trump's iPhone tariff threat might not be enough to bring production to the U.S.

FILE PHOTO: Apple CEO Tim Cook escorts U.S. President Donald Trump as he tours Apple’s Mac Pro manufacturing plant with in Austin, Texas, U.S., November 20, 2019.

Tom Brenner | Reuters

The once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone.

Last week, Trump said he “had a little problem with Tim Cook,” and on Friday, he threatened to slap a 25% tariff on iPhones in a social media post.

Trump is upset with Apple’s plan to source the majority of iPhones sold in the U.S. from its factory partners in India, instead of China. Cook officially confirmed this plan earlier this month during earnings.

Trump wants Apple to build iPhones for the U.S. market in the U.S. and has continued to pressure the company and Cook.

“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United  States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump posted on Truth Social on Friday.

Analysts said it would probably make more sense for Apple to eat the cost rather than move production stateside.

“In terms of profitability, it’s way better for Apple to take the hit of a 25% tariff on iPhones sold in the US market than to move iPhone assembly lines back to US,” wrote Apple supply chain analyst Ming-Chi Kuo on X.

UBS analyst David Vogt said that the potential 25% tariffs were a “jarring headline,” but that they would only be a “modest headwind” to Apple’s earnings, dropping annual earnings by 51 cents per share, versus a prior expectation of 34 cents per share under the current tariff landscape.

Experts have long held that a U.S.-made iPhone is impossible at worst and highly expensive at best.

Analysts have said that made in U.S.A. iPhones would be much more expensive, CNBC previously reported, with some estimates ranging between $1,500 to $3,500 to buy one at retail. Labor costs would certainly rise.

But it would also be logistically complicated.

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Supply chains and factories take years to build out, including installing equipment and staffing up. Parts that Apple imported to the United States for assembly might be subject to tariffs as well.

Apple started manufacturing iPhones in India in 2017 but it was only in recent years that the region was capable of building Apple’s latest devices.

“We believe the concept of Apple producing iPhones in the US is a fairy tale that is not feasible,” wrote Wedbush analyst Dan Ives in a note on Friday.

Other analysts were wary about predicting how Trump’s threat ultimately plays out. Apple might be able to strike a deal with the administration — despite the eroding relationship — or challenge the tariffs in court.

For now, most of Apple’s most important products are exempt from tariffs after Trump gave phones and computers a tariff waiver — even from China — in April, but Apple doesn’t know how the Trump administration’s tariffs will ultimately play out beyond June.

“We’re skeptical,” that the 25% tariff will materialize, wrote Wells Fargo analyst Aaron Rakers.

He wrote that Apple could try to preserve its roughly 41% gross margin on iPhones by raising prices in the U.S. by between $100 or $300 per phone.

It’s unclear how Trump intends to target Apple’s India-made iPhones. Rakers wrote that the administration could put specific tariffs on phone imports from India.

Apple’s operations in India continue to expand.

Foxconn, which assembles iPhones for Apple, is building a new $1.5 billion factory in India that could do some iPhone production, the Financial Times reported Thursday.

Apple declined to comment on Trump’s post.

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Palantir CEO Alex Karp sells more than $50 million in stock

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Palantir CEO Alex Karp sells more than  million in stock

Palantir co-founder and CEO Alex Karp speaks during the Hill & Valley Forum at the U.S. Capitol Visitor Center Auditorium in Washington, D.C., on April 30, 2025.

Brendan Smialowski | Afp | Getty Images

Palantir CEO Alex Karp has sold more than $50 million worth of shares in the artificial intelligence software company, according to securities filings.

The stock transactions occurred on Tuesday and Wednesday between $125.26 and $127.70 per share. Following the stock sales, Karp owned about 6.43 million shares of Palantir stock, worth about $787 million based on Thursday’s closing price.

The sales were connected to a series of automatic share sales to cover required tax withholding obligations tied to vesting restricted stock units, according to filings.

Other top executives at the Denver-based company also unloaded stock.

Chief Technology Officer Shyam Sankar sold about $21 million worth of Palantir stock, while co-founder and president Stephen Cohen dumped about $43.5 million in shares.

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Palantir shares have notched fresh highs in recent weeks as the company leapt above Salesforce in market value and into the top 10 most valuable U.S. tech firms.

The digital analytics company has benefited from bets on AI and a surge in government contracts as companies prioritize streamlining and President Donald Trump targets a federal overhaul with the Elon Musk-led Department of Government Efficiency.

The stock has outperformed its tech peers since the start of 2025, surging nearly 62%, but investors are paying a high multiple on shares.

In its earnings report earlier this month, the company lifted its full-year guidance due to AI adoption, but shares fell on international growth concerns.

“You don’t have to buy our shares,” Karp told CNBC as shares slumped. “We’re happy. We’re going to partner with the world’s best people and we’re going to dominate. You can be along for the ride or you don’t have to be.”

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