Eric Wu cofounded Opendoor in 2014 to automate purchasing homes with cash. Now, he’s targeting a different side of the real estate equation: construction.

His new startup, NavigateAI, aims to build what Wu describes as an AI coach for construction workers and has raised $25 million in seed funding at a $225 million valuation. The U.S. spends $2.2 trillion annually on construction projects, but faces a severe labor shortage that’s only expected to get worse.

The company is designing an AI app to help junior workers ensure quality control, consult manufacturer manuals—even for client-specific building codes. “You can’t ask ChatGPT today, ‘Is this in line with Lennar standards?’” Wu said.

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Chipmaker Micron Technology reached a $1 trillion market value amid Wall Street enthusiasm for memory chips as a crucial part of the AI buildout.

Pope Leo XIV ramped up his AI warnings a day after his encyclical, expressing concern about a concentrated group of powerful actors controlling decisions on algorithms and data.

Oil giant BP removed its board chair Albert Manifold just eight months into his tenure, with the board citing concerns about “governance standards, oversight and conduct.” Manifold was appointed to BP’s board in October 2025 following years of leadership turnover as the firm has fallen........

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