3 Houston college students win big in global Intel AI competition

big winners

Three Houston students won at the 2023 Intel AI Global Impact Festival competition. Photo via Intel

Three students from Houston Community College Southwest won the top national prize at the 2023 Intel AI Global Impact Festival competition, HCC announced this month.

Sumesh Surendran, Ruben Treviño, and Muskaan Shahzad won the top spot in the the 18-and-older age group of United States competitors. Their project, “MedINtel: Automated Triage Machine (ATM),” is an ongoing effort for HCC’s AI program.

“Our students have often told me how grateful they are to our faculty and staff for their support and commitment to their success,” Samir Saber, dean of the Digital and Information Technology Center of Excellence, says in a news release.” We’re all proud of bringing home a top award back-to-back from an international competition of this caliber.”

The students' entry involved a kiosk-style version of an ATM to collect data at a patient intake. The kiosk used AI technologies like computer vision, to accelerate and help with patient triage. The festival featured future developers, teachers, policymakers, and emerging technologists sharing innovations and discussions on the impact of artificial intelligence according to the educational partner to HCC’s AI program the Intel Corporation.

“This group of students has demonstrated their exceptional talents on a national and global stage in a rapidly growing field that continues to transform all industry sectors,” HCC Southwest President Madeline Burillo-Hopkins says in the release. “Their innovative project shows why Houston is a city where companies can find the best qualified, competent and creative tech talent.”

HCC’s participation and success in the program is well-documented, as last year during the Intel Global Impact Festival competition, HCC Southwest won top global prize in the 18-and-older age group, and another HCC team took home a national honor.

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A team of Houston college students laced in the top 10 percent of 7,800 students at the National Cyber League competition. Photo courtesy of HCC

Houston students place high in national cyber security competition

locking it down

A team from Houston Community College had a strong showing earlier this month at the spring National Cyber League competition.

A team of HCC students placed in the top 10 percent of finishers, according to a statement from the college. More than 7,800 students from 450 universities and colleges across the U.S.competed in the semi-annual competition that tests participants’ skills in identifying hackers from forensic data, penetration testing, auditing vulnerable websites and recovering from ransomware attacks through a series of games.

“Our goal is to empower our students with the knowledge and tools they need to succeed as leaders in information technology, including the fast growing and in-demand areas of cyber security and artificial intelligence,” Dr. Madeline Burillo-Hopkins, president of HCC Southwest College and vice chancellor of workforce, says in a statement. “Again and again, we find that our students perform exceptionally well when compared to those from colleges and universities across the nation.”

Hira Ali, a participant and mother of two who served as vice president of the HCC Cyber Security Club before graduating this year, says the experience pushed her and her teammates to expand their knowledge outside of the classroom.

“It was a great experience for us,” she says in a statement. “It presented us, as teammates, with the opportunity to venture beyond our comfort zones and delve into unfamiliar concepts."

Ali added that she ate almost nothing and slept little for a week because she and her team were "totally immersed in the competition.” She plans to enroll in a four-year online degree program through Dakota State University.

According to Samir Saber, dean of HCC’s Digital, and Information Technology Center of Excellence, there are about 57,878 cyber jobs in Texas alone. HCC also shared that the median salary for security analysts in the Houston area is about $101,000, according to Lightcast, a labor market data analysis firm.

Earlier this month, HCC also announced that it would be rolling out a new innovation 60-hour degree program in the fall. The Smart Building Technology program will train students on the installation of low-voltage controls. Students will receive an Associate of Applied Science degree after completing the program, which is part of HCC Central’s Electrical Technology program in the Architectural Design and Construction Center of Excellence (COE).

In late 2022, HCC and partners also received a $1.8 million grant from JP Morgan Chase to launch a new certificate program to help residents who come from some of Houston’s most underserved and under-resourced neighborhoods find career opportunities in the clean energy, disaster response, utilities, trades and manufacturing fields. Partnering employers included The City of Houston, Harris County and TRIO Electric.

Houston Community College has made a big move to prepare the future of cybersecurity. Photo via Getty Images

Houston college system opens new cybersecurity training facility

future of cyber safety

A center created to train future cybersecurity specialists recently opened at Houston Community College’s West Loop campus.

The center, featuring equipment such as a miniature water plant and a car-hacking workbench, simulates cyberattacks. HCC cybersecurity students will undergo training there. Of the college’s more than 500 cybersecurity students, over 300 are pursuing associate degrees and over 200 are working toward certificates.

“Students who complete an associate degree or certificate in cybersecurity at HCC are landing high-paying jobs right out of the gate such as IT help desk and computer support specialists,” Samir Saber, dean of HCC’s Digital Information and Technology Center of Excellence, says in a news release. “Others go on to become security analysts, security engineers and cybersecurity architects.”

Employers in the U.S. are struggling to fill nearly 715,000 cybersecurity job openings, according to CyberSeek, which tracks supply-and-demand data for the cybersecurity workforce. That number includes more than 83,000 cybersecurity openings in Texas, with nearly 9,300 of those in the Houston area.

In Texas, the annual pay for a cybersecurity worker averages $88,276, according to career platform ZipRecruiter. The national average is $112,974.

The U.S. Bureau of Labor Statistics predicts the number of people working as an information security analyst (a subset of the cybersecurity workforce) in this country will rise 33 percent from 2020 to 2030. That makes it one of the fastest-growing occupations in the U.S. From May 2021 through April 2022, there were 180,000 openings for information security analysts, according to CyberSeek.

“Cybersecurity is national security,” says Madeline Burillo-Hopkins, president of HCC Southwest and vice chancellor of HCC Workforce Instruction. “With the opening of the new center, the college is equipping students with the skills needed not only for their careers but also for making a lasting impact on the nation’s security across industries and organizations.”

A $650,000 state grant financed the new training center, and cybersecurity company Grimm helped install the lab and trained HCC cybersecurity instructors.

In 2017, HCC was designated by the National Security Agency as a National Center of Academic Excellence in Cyber Defense. The new lab will help the college maintain that status for another five years, Saber says.

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Elon Musk's SpaceX files initial paperwork to sell shares to the public

Incoming IPO

Elon Musk's space exploration company has filed preliminary paperwork to sell shares to the public, according to two sources familiar with the filing, a blockbuster offering that would likely rank as the biggest ever and could make its founder the world's first trillionaire.

A SpaceX IPO promises to be one of the biggest Wall Street events of the year, with several investment banks lining up to help raise tens of billions to fund Musk's ambitions to set up a base on the moon, put datacenters the size of several football fields in orbit and possibly one day send a man to Mars.

The sources spoke on condition of anonymity because they were not authorized to talk publicly about the confidential registration with the Securities and Exchange Commission.

SpaceX did not respond immediately to a request for comment.

Exactly how much SpaceX plans to raise has not been disclosed but the figure is reportedly as much as $75 billion. At that level, the offering would easily eclipse the $29 billion that Saudi Aramco raised in its IPO in 2019.

The offering, coming possibly in June, could value all the shares of SpaceX at $1.5 trillion, nearly double what the company was valued in December when some minority owners sold their stakes, according to research firm Pitchbook, before an acquisition that increased its size.

Musk owns 42% of the SpaceX now, according to Pitchbook, though that figure will change with the IPO when new owners are issued shares. In any case, he is likely to pierce the trillion dollar mark because he is already close. Forbes magazine estimates Musk's net worth at roughly $823 billion.

In addition to making reusable rockets to hurl astronauts and hardware into orbit, SpaceX owns Starlink, the world’s largest satellite communications company. The company also recently brought under its roof two other Musk businesses, social media platform X, formerly Twitter, and artificial intelligence business, xAI, in a controversial transaction because both the seller and the buyer were controlled by him.

SpaceX has become the biggest commercial launch company in its industry, responsible for sending payloads into orbit for customers across the globe, but has also benefited from big taxpayer spending. That has raised conflicts of interest issues given that Musk was the biggest donor to President Donald Trump's campaign and is still a big backer.

In the past five years, SpaceX won $6 billion in contracts from NASA, the Defense Department and other U.S. government agencies, according to USAspending.gov.

Among current SpaceX owners is Donald Trump Jr, the president's oldest son. He owns a shares through 1789 Capital. That venture capital firm made him a partner shortly after his father won the presidency for a second time and has been buying up federal contractors seeking to win taxpayer money ever since.

The White House and Trump himself have repeatedly denied there are any conflicts of interest between his role as president and his family's businesses.

8+ can't-miss Houston business and innovation events in April

where to be

Editor’s note: Houston's weeklong innovation festival kicks off April, followed by Rice University's globally recognized pitch competition returning for its 26th year. Plus, find coworking pop-ups, industry meetups, pitch battles and even a crawfish boil on the calendar. Here’s what not to miss and how to register. Please note: this article might be updated to add more events.

March 30-April 4 — H-Town Roundup

Celebrate innovation, entrepreneurship and collaboration at Houston Exponential's sixth-annual H-Town Roundup. During the free event series, previously known as Houston Tech Rodeo, attendees can expect insightful talks, workshops and networking events at venues across the city.

This event began March 30. Register here.

April 2 — Industrious Coworking Day

Enjoy a complimentary day of cowering at Industrious and network with professionals at the Ion. Breakfast, snacks, wifi and workspace tours are included. Following the cowering day, Industrious will host happy hour at Second Draught from 4-6 p.m.

This event is Thursday, April 2, from 8:30 a.m.-5 p.m. at the Ion. Register here.

April 2 — Technology Summit for Women

The fourth annual Women in Tech Cummil will feature speakers across three core tracks: Transformation + Digital strategy, Cyber + Risk + Resilience, and AI in Practice. Pearl Chu, director of technical domains and university relations at SLB, will give the opening remarks. Other panelists come from CenterPoint Energy, BP, Technip Energies and other leading companies.

This event is Thursday, April 2, from 2-5 p.m. at the Ion. Register here.

April 8 — Veterans Business Battle

Hear pitches from veterans and entrepreneurs as they compete for more than $10 million in investments at Rice Businesses' 12th annual Veterans Business Battle. This year, the two-day event will also feature a Small Business Expo, which invites Houston-based, veteran-owned businesses to participate in education, networking and the opportunity to showcase their business. Moonshots Capital and Mercury Fund will also host a fireside chat.

This event begins Wednesday, April 8, at 11 a.m. at the Ion. Click here to register.

April 9-11 — Rice Business Plan Competition

The Rice Alliance for Technology and Entrepreneurship will host the 26th annual Rice Business Plan Competition this month. Forty-two student-led teams from around the world, including one team from Rice, will present their plans before more than 300 angel, venture capital, and corporate investors to compete for more than $1 million in prizes.

This event begins Thursday, April 9. Find more information here.

April 10 — BioHouston Chili Cookoff

Connect with Houston's life sciences community at BioHouston's 21st annual chili cookout. This event is geared toward startup founders, researchers and industry veterans alike.

This event is Friday, April 10, from noon-4 p.m. at Bayou City Event Center. Register here.

April 14 — Mercury Fund Day at the Ion: Agentic Commerce

Don’t miss the latest installment of Mercury Fund Day at the Ion, previously known as Software Day. The recurring monthly event features office hours (by application), a keynote and networking opportunities. This month's topic focuses on agentic commerce.

This event is Tuesday, April 14, from 3:30-7 p.m. at the Ion. Register here.

April 19 – UH Energy Industry Crawfish Boil

Head to the UH Cullen College of Engineering Green Space for the 35th annual UH Energy Industry Crawfish Boil. The event will include a student showcase, STEM activities, a kids zone, live music, networking and, of course, crawfish. Proceeds from the event will support the multidisciplinary capstone fund that aims to increase professional readiness for Cullen College engineering and technology students.

This event is Sunday, April 19, from 1-5 p.m. at the Cullen College of Engineering Green Space. Find more information here.

April 24 — Rice Business Healthcare Conference

Leading experts, innovators and the next generation of healthcare leaders will converge at the Rice Business Healthcare Conference. Hosted by the Rice Business Healthcare Association, the conference will explore AI's potential impact on the sector.

This event is Friday, April 24, from 8 a.m.-2 p.m. at McNair Hall on Rice University's campus. Find more information here.

Houston unicorn closes $421M to fuel first phase of flagship energy project

Heating Up

Houston geothermal unicorn Fervo Energy has closed $421 million in non-recourse debt financing for the first phase of its flagship Cape Station project in Beaver County, Utah.

Fervo believes Cape Station can meet the needs of surging power demand from data centers, domestic manufacturing and an energy market aiming to use clean and reliable power. According to the company, Cape Station will begin delivering its first power to the grid this year and is expected to reach approximately 100 megwatts of operating capacity by early 2027. Fervo added that it plans to scale to 500 megawatts.

The $421 million financing package includes a $309 million construction-to-term loan, a $61 million tax credit bridge loan, and a $51 million letter of credit facility. The facilities will fund the remaining construction costs for the first phase of Cape Station, and will also support the project’s counterparty credit support requirements.

Coordinating lead arrangers include Barclays, BBVA, HSBC, MUFG, RBC and Société Générale, with additional participation from Bank of America, J.P. Morgan and Sumitomo Mitsui Trust Bank, Limited, New York Branch.

“As demand for firm, clean, affordable power accelerates, EGS (Enhanced Geothermal Systems) is set to become a core energy asset class for infrastructure lenders,” Sean Pollock, managing director, project Finance at RBC Capital Markets, said in a news release. “Fervo is pioneering this step change with Cape Station, a vital contribution to American energy security that RBC is proud to support.”

The oversubscribed financing marks Cape Station’s shift from early-stage and bridge funding to a long-term, non-recourse capital structure, according to the news release.

“Non-recourse financing has historically been considered out of reach for first-of-a-kind projects,” David Ulrey, CFO of Fervo Energy, said in a news release. “Cape Station disrupts that narrative. With proven oil and gas technology paired with AI-enabled drilling and exploration, robust commercial offtake, operational consistency, and an unrelenting focus on health and safety, we have shown that EGS is a highly bankable asset class.”

Fervo continues to be one of the top-funded startups in the Houston area. The company has raised about $1.5 billion prior to the latest $421 million. It also closed a $462 million Series E in December.

According to Axios Pro, Fervo filed for an IPO that would value the company between $2 billion and $3 billion in January.

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This article first appeared on EnergyCapitalHTX.com.

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