The company’s tech comes from an unusual source: a $100-million-endowed program at Caltech to develop orbital solar plants that would beam electricity to Earth below. The researchers ultimately settled on a sail-like structure that is thin and flexible compared to boxy, traditional satellites.
But Dorsey’s statement comes as companies are still in the early stages of AI adoption. A 2025 McKinsey report found that most firms are still experimenting with AI implementation, and nearly two-thirds have yet to scale the technology. Moreover, a recent survey of 6,000 CEOs and other executives of firms across the U.S., the U.K., Germany, and Australia from the National Bureau of Economic Research found that AI has yet to show any major impact on their operations.
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