Guest column: Now is the time to plan for the future of Houston's tech economy

guest column

Leaders across the spectrum are coming together this week to shine a spotlight on the future of tech jobs in Houston. Photo via Getty Images

This week, leaders in government, business, and academia are convening to work within the community to explore how we can leverage partnerships and new federal programs to drive investment into Houston’s burgeoning innovation ecosystem.

At AI Across America: Houston, we’ll begin forming plans and partnerships capable of sparking an innovation ecosystem, fueling AI education, training, research, development, and job creation. We’ll also examine how students, workers, businesses, and academics in the community can prepare for upcoming opportunities and challenges.

Why Houston

Besides being near Texas’ 10th District, choosing Houston was easy in its own right. According to a study by Axios and LinkedIn, between 2020 and 2021, while the traditional tech hubs bled top talent, Houston gained 10.6 percent new tech workers. Those workers arrived to a solid foundation; in 2022 the Houston metro area had net tech employment of 134,436 people. The growth is steady too. From 2010 to 2019, the Houston area tech workforce grew 12.3 percent.

Recently, Houstonians are leveraging federal programs and public-private partnerships to build innovative, collaborative environments. These include places like The Ion, East End Maker Hub, and Houston Community College.

Defining the project

The AI Across America project is a collaboration between SeedAI, a 501(c)3 nonprofit, and the Congressional AI Caucus. Working in conjunction, the organizations support efforts in the public and private sectors to expand access to AI education, training, development, testing, and job creation for communities across the country.

The AI Caucus is a group of U.S. Representatives working together to better understand their constituent's interests and those of all Americans as it pertains to AI. The organization works to explain the underlying technology and the ecosystem.

SeedAI does the groundwork to build collaboration across the private sector, government, academia, and civil society to support community-driven AI investments. The work of SeedAI focuses specifically on people who have been historically-marginalized and overlooked.

This is a critical moment for AI in America and beyond

AI is the battleground of the next great global competition. We have to be the first to build and master AI technology. Yet, because AI is a reflection of the people creating it and historical data, pursuing technology through the perspective of only a small group of people opens us to disproportionate harm and unknown risks.

Worse still, if the barrier to entry for AI is allowed to continue growing, we risk losing our most precious resource – the ingenuity waiting to be unleashed across the country. How, in those circumstances, can we succeed when faced with a nation like China with a population dwarfing the U.S. alongside an ability to spend far more agilely and extensively?

How can we succeed, and what is Houston’s role?

Fortunately, through recently-passed legislation called the Chips and Science Act, we have an opportunity to reclaim international leadership in a quintessentially American way: by leveraging the diverse strengths of communities across the country.

Houston already has a head start and an expanding tech economy – with planning and collaboration, Houstonians can be first in line to build new resources for AI education and development. When every state and community begins to realize their potential in the AI-powered future, Houston can play a leading role in guiding others to success and enabling their transformation.

If we succeed, we’ll uncover ingenuity and inventions we would’ve never anticipated. And as AI becomes easier to apply, we’ll have a real chance to build an AI-first generation of workers and builders from coast to coast.

Once we become competitive internally, we will be unbeatable internationally. If we succeed, we’ll lead the world in economic competitiveness and national security for decades to come.

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Austin Carson is the founder of SeedAI, a nonprofit established to work with a diverse group of policymakers, academics, and private sector experts to help communities across the United States access the resources they need to engage with AI. Congressman Michael T. McCaul, Republican Leader for the House Foreign Affairs Committee and Vice Chair of the Congressional AI Caucus, is currently serving his ninth term representing Texas' 10th Congressional District which stretches from the city of Austin to the Houston suburbs.

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Rice Alliance names Houston healthtech exec as first head of platform

new hire

The Rice Alliance for Technology and Entrepreneurship has named its first head of platform.

Houston entrepreneur Laura Neder stepped into the newly created role last month, according to an email from Rice Alliance. Neder will focus on building and growing Houston’s Venture Advantage Platform.

The emerging platform, which is being promoted by Rice Alliance and the Ion, aims to connect founders with the "people, capital and expertise they need to scale."

"I’ve spent a lot of time thinking about what it takes to make an innovation ecosystem more navigable, more connected, and more useful for founders," Neder said in a LinkedIn post. "I’m grateful for the opportunity to do that work at Rice Alliance, alongside a team with a long history of supporting entrepreneurship and innovation."

"Houston has the talent, institutions, and industry base to create real advantage for founders," she added. "I’m looking forward to listening, learning, and building stronger pathways across the ecosystem."

Neder most recently served as CEO of Houston-based Careset, where she helped bring the Medicare data startup to commercialization. Prior to that, Neder served as COO of Houston-based telemedicine startup 2nd.MD, which was acquired for $460 million by Accolade in 2021.

"Laura brings a rare combination of founder empathy, operational experience and ecosystem leadership," Rice Alliance shared.

Neder and Rice Alliance also shared that the organization is hiring developers to design the new Venture Advantage Platform. Learn more here.

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.

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