Core Memory

• America Has A Steel Start-Up. Yes, Really - EP 47 Laureen Meroueh

  America has a new steel company, which is sort of a weird thing to write in 2025.It’s called Hertha Metals, and it’s based in Houston. It’s also run by a woman named Laureen Meroueh, who is this week’s guest. As far as we can tell, Meroueh stands out as the first female to start and run a steel producer.Meroueh grew up as something of a child prodigy in Florida and went on to earn a PhD in mechanical engineering from MIT. She then invented some of the processes that make Hertha different from traditional steel producers.Hertha relies on natural gas and hydrogen instead of coal to make high-grade steel. Its process is potentially cleaner, simpler and cheaper than the approaches used by the traditional steelmakers that have been around for more than 150 years. The start-up is already producing one ton of steel per day and is now looking to prove that it can make much, much more and compete head-to-head against the major steel players.In this episode, we get into how Hertha’s process works, the steel industry overall, why the U.S. needs this type of technology and how Meroueh ended up as a steel magnate.Our show is sponsored by Brex, the intelligent finance platform. Like thousands of ambitious, innovative companies, we run on Brex so we can spend smarter and move faster. And you can too. Learn more at www.brex.com/corememoryThe podcast is also made possible by E1 Ventures, which backs the most ambitious founders and start-ups. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.corememory.com/subscribe

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• OpenAI's Research Chief On The Soup Wars, Poker And The Next Models - EP 46 Mark Chen

  One must not feel sorry for Mark Chen. He gets paid very well to work in one of the most exciting fields imaginable.That said, as OpenAI’s Chief Research Officer, he has the difficult job of picking the company’s research priorities and of dealing with OpenAI’s employees begging him for more, more, more GPUs to power their work. This is a hectic gig, and, if you believe that AI will do all the things that AI companies promise it will do, then an awful lot of pressure and expectation is on Chen’s shoulders.We recently spent almost two hours with Chen talking about his job, his background and his fierce competitive streak. (I’ve seen the man play poker. He takes it very seriously. He’s also proven willing to counter Mark Zuckerberg’s personal soup deliveries to AI researchers in order to court and retain talent.) And, of course, we got into the future of AI.This conversation took place just a couple of days after Google released Gemini 3, and we spent some time on how OpenAI plans to counter this new, powerful model.We think you’ll get to learn a lot more about Chen’s personality and motivations in this episode. Enjoy!Our show is sponsored by Brex, the intelligent finance platform. Like thousands of ambitious, innovative companies, we run on Brex so we can spend smarter and move faster. And you can too. Learn more at www.brex.com/corememoryThe podcast is also made possible by E1 Ventures, which backs the most ambitious founders and start-ups. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.corememory.com/subscribe

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• The Famed Hacker Trying To Find The World's Best Inventors - EP 45 Pablos Holman

  Pablos Holman has one of the most-watched TED Talks of all time, and that’s sort of the least interesting thing about him.For the past 30 years or so, Holman has been traveling amid the most inventive and eccentric tech circles. He grew up in the wilds of Alaska and turned into a hacker extraordinaire. He helped start the rocket company Blue Origin with Jeff Bezos and sci-fi author Neal Stephenson. And he helped Bill Gates, Nathan Myhrvold, and Edward Jung create an invention factory at Intellectual Ventures.If you like our stories, videos and podcasts, please do subscribe. All of this stuff takes a team to produce, and we could use your support.These days, Holman is running a venture capital firm that scours the world for the biggest ideas from wild-eyed inventors missed by others. He published a book this year that captures some of his thoughts on invention and where our civilization is heading.In this episode, we dive into the book, Holman’s bizarre career and the future of science and research and development. I think you will be surprised and entertained.Our show is sponsored by Brex, the intelligent finance platform. Like thousands of ambitious, innovative companies, we run on Brex so we can spend smarter and move faster. And you can too. Learn more at www.brex.com/corememoryThe podcast is also made possible by E1 Ventures, which backs the most ambitious founders and start-ups. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.corememory.com/subscribe

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• The Open Source AI Model For The West - EP 44 Misha Laskin

  In December of 2024, the Chinese start-up DeepSeek shocked the world with the release of an AI model that appeared much cheaper to make and run than those from its American rivals. The company also open sourced its AI, meaning it released the blueprints of its model to the public.Our guest this week is Misha Laskin. His start-up Reflection AI looks to be the prime counterweight to DeepSeek and a host of other open source Chinese models. Laskin argues that open source models can be just as good as the models developed by the likes of OpenAI, Google and Anthropic and that the West needs this to be the case.Reflection has raised $2 billion and is valued at $8 billion, although the figures in AI have become so lofty as to almost feel meaningless at this point. That said, the company was able to raise so much money because of the pedigree of its team with a number of engineers, like Laskin, coming from DeepMind.I have, in full confession, not been paying enough attention to open source models and the ways in which the Chinese models seem to have become the basis for a lot of corporate work in the US. Laskin dug in deep on this topic, and hopefully you’ll feel more up to speed after listening to the episode.You can find the Core Memory podcast on all major platforms and on our YouTube channel. Enjoy!Our show is sponsored by Brex, the intelligent finance platform. Like thousands of ambitious, innovative companies, we run on Brex so we can spend smarter and move faster. And you can too. Learn more at www.brex.com/corememoryThe podcast is also made possible by E1 Ventures, which backs the most ambitious founders and start-ups. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.corememory.com/subscribe

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• Aliens, AI, and Saving the Planet - EP 43 Will Marshall

  Well, I wrote a book and made a movie about this week’s guest, so he must be fascinating. (Otherwise, I wasted six years of my life.)Will Marshall has done things beyond supplying me with material. He’s the co-founder and CEO of Planet Labs. For those who don’t know, Planet changed the aerospace industry forever by lowering the cost of satellites and proving that they could be mass produced. It has surrounded the Earth with hundreds of satellites that photograph and analyze all our planet’s landmass every day.Go on. Sign up. We bring you these people for free. Help us, help you. In this episode, we get into Planet’s history, what these satellites do and why they’re so important.Marshall is a deep thinker on many areas and has lived in an unconventional manner. So we also get into much, much more, including the communal house scene in the Bay Area, what Marshall sees as the three major shifts that will occur over the next decade and how he balances his idealism with being a capitalist.In conclusion, Marshall is fascinating. I did not waste six years of my life. And When The Heavens Went on Sale makes for a great Christmas present.Seriously. Let’s make the world smarter.Our show is sponsored by Brex, the intelligent finance platform. Like thousands of ambitious, innovative companies, we run on Brex so we can spend smarter and move faster. And you can too. Learn more at www.brex.com/corememoryThe podcast is also made possible by E1 Ventures, which backs the most ambitious founders and start-ups. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.corememory.com/subscribe

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