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The oldest climate story isn’t about a wildfire or a hurricane, a heat wave or a drought. It’s about a flood.
“The deluge is terrifying not just for its destructive capacity but also for the way it undoes all that has been accomplished, brings us back to the fathomless chaos of beginning,” The New Yorker’s Avi Steinberg writes of this most primordial human fear, the story of which has been echoed across cultures and religions from the Mesopotamian Epic of Gilgamesh to the Bible’s Old Testament to the Ancient Greek Deucalion Myth to stories told by Native peoples across North America. It might also be humankind’s oldest cautionary tale: When the rain starts and the waters begin to rise, pay attention.
In the United States, floods are the deadliest extreme weather phenomenon after heat waves. In particular, flash floods — which the National Oceanic and Atmospheric Administration distinguishes as flooding that “begins within 6 hours, and often within 3 hours, of ... heavy rainfall” — often take people by surprise, or are dangerously underestimated.
With Hurricane Hilary threatening to dump potentially a year’s worth of rain on parts of the southwestern United States in the span of 72 hours, learning how to react to rising waters ahead of time can be life-saving. This is what you need to know.
Unlike learning your personal wildfire risk, which is relatively easy, it can be frustrating to try to figure out the flood risk of your home.
FEMA publishes flood maps (you can search by your address here), but the shading key can be hard to make out and I had difficulty getting the images to load. I had my best luck navigating to this version of the map, clicking on the location I was interested in, then clicking to the second page of the pop-up information, where you will see “Flood Hazard Zones” followed by a letter. The letters B, C, and X designate moderate- to low-risk flood areas (though the risk in these locations is not non-existent!) while high-risk areas are marked with A or V.

Personally, I preferred the clear information laid out at RiskFactor.com. The website told me my neighborhood’s risk (I live by the river in New York City, so mine is “moderate”) and the number of properties in the area that have a “greater than ... 26% chance of being severely affected by flooding over the next 30 years” (for my neighborhood, 16%!). The website will even estimate the “max depth of flooding” of a specific home or building for this year and in the next 30 years.
If you are in a moderate- to high-risk area on either map, you should take steps to prepare for a flash flood. Even if you score lower, you might want to consider preparing your house because minimal risk doesn’t denote zero risk.
Either way, you should read the below section about “what to do if you’re in a car during a flash flood,” since such a scenario can happen to anyone.
You don’t have to wait for a flash flood warning to begin to prepare for the worst. But if you’re in a situation where you can anticipate flooding — like much of Southern California, Nevada, and southwestern Arizona can right now — you should prepare ahead of time to run errands so you won’t need to leave the house during the storm. Keep in mind, the best way to stay safe during a flash flood is to not encounter the flood in the first place.
Make sure you have enough food for several days, as well as enough pet food for your animals. Also be sure to pick up any prescriptions or medications you might need. Anticipate any other reasons why you might need to leave your home and try to prevent or limit them ahead of time.
Confirm that the contents of your “go bag” or emergency evacuation kit are up-to-date. Here’s a generic checklist of what should go in it, as well as a version in Spanish.
Check the batteries in your flashlights and charge backup batteries for electronics like cell phones, in case the power goes out.
Clean up your yard if you have time; secure outdoor furniture so it doesn’t get blown around.
Prepare electricity-free entertainment options (now is the time to start brushing up on gin rummy).
Check on neighbors or relatives who might not be aware of the coming storm or have made preparations yet.
I can't believe I have to write this, but absolutely do not order Doordash or Uber Eats or food or products from any other courier service during flash flood conditions. Doing so puts other people in direct danger. Your ramen craving can be satisfied later.
Never wait out a storm in a basement or an apartment that is below ground level if you live in an area with moderate to high flood risk; move to a higher floor or find a different location to shelter in. Even if your home or basement has been okay in previous rainstorms, major flood events can overwhelm city sewer systems and back up water into areas it hasn’t reached before. As Reza Khanbilvardi, a professor of civil engineering and hydrology at City College of New York, told Gothamist after Hurricane Ida killed dozens in New York, New Jersey, and Connecticut in 2021, “Apartments in cellars and basements can be death traps.” Paved urban areas can be especially dangerous in these conditions.
Follow potential evacuation alerts on your phone or on a radio (yes, they still exist!). Sign up for alerts now if you haven’t already.
Seal your important documents in a gallon-size freezer bag or other waterproof bag if you anticipate needing to evacuate, The New York Times suggests.
Unplug electronics and move any valuables to higher floors or locations if you have time to prepare for an evacuation.
If water enters your home, evacuate immediately with your go bag. Do not wait or try to retrieve any additional items. One of the most common ways people get hurt during flash floods is by waiting too long to evacuate. Use your best judgment — if it feels safer to climb to a higher floor than to try to drive to higher ground, do so, but avoid sheltering in an attic where FEMA warns you could get trapped. “Go on the roof only if necessary,” FEMA writes, and “signal for help.”
Do not attempt to walk or swim through floodwaters. Six inches of moving water is enough to knock an adult off their feet. Electrocution is also the second-biggest cause of death during a flood after drowning; never attempt to turn off a circuit breaker box or touch appliances if you are wet or standing in water.
If you come in contact with floodwaters, be sure to wash that area of your body very well when you reach safety.
If at all possible, avoid driving during flash flood conditions. Of course, this isn’t always possible — often people are out when they get caught in a storm. The National Weather Service reports that nearly half of flash-flood fatalities are vehicle-related and the “majority” of victims are male.
First and foremost, never, ever drive through floodwaters or around a roadblock or barrier. “Turn around, don’t drown” is a well-worn NWS slogan for a reason. Just 6 inches of flowing water can move a car and just 12 inches can carry it away — it doesn’t matter how good of a driver you are.
Additionally, even if the water looks shallow, it might not be. “Do not attempt to cross a flooded road even if the car in front of you made it through,” meteorologist Bonnie Schneider writes in her book Extreme Weather.
If your car stalls in water, first responders want you to remember “seatbelt, windows, out.” Do not waste valuable time trying to call 911 and wait for rescue. Unbuckle immediately so you are free to move. Then roll down the windows so that if the car’s electrical system shorts out, you still have a means of escape. (As a backup, buy a “Lifehammer” to punch your way through the window and out of your car. If you do not have a Lifehammer or something similar, the pointy metal ends of a headrest can work in a pinch, The New York Times reports.)
At this point, there is “no right answer,” Joseph Bushra, the medical director with Narberth Ambulance, told WHYY. You need to assess the situation. If it is safe to exit your car and escape to higher ground, do so, but plan your path before getting out of the car and remember, just 6 inches of water can knock an adult over.
If it is not safe to try to make it to higher ground, then you need to get on top of your car. Turn on your hazard lights to make the car visible to first responders. Evacuate children first, starting with the oldest child, and tell them to hang onto whatever they can, The New York Times advises. Once you have evacuated and are on top of your car, then call 911.
It’s not called a “worst-case scenario” for nothing. So what do you do if you end up in the water during a flash flood?
Your number one priority should be to try to get out of the water as quickly as you can. Climb a tree, a building, a car or truck, or head toward any available higher ground.
If you are forced to swim, move perpendicular to the current. Keep in mind this is a last possible resort: “People need to realize that most people who lose their footing in a flash flood don’t get out,” Julie Munger, the founder of Sierra Rescue International, told The New York Times.
If swimming to safety isn’t possible, the Riverside County Fire Department recommends orienting your body so you’re on your back, with your feet down-current, so you can use them to move debris out of the way. “Most victims in swift water die when they get pinned against obstacles, or get trapped in submerged debris and vegetation,” the department writes. Get out of the water or on top of something as quickly as possible — and hold on tight.
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An investor argues that climate tech should learn to stop worrying and love the robots.
For three years the entire conversation about artificial intelligence in the climate tech and clean energy communities has been about demand. This, of course, is reasonable. The scale of what the world is building right now has no precedent. Amazon, Google, Meta, and Microsoft together spent more than $420 billion on data center infrastructure in 2025, a number dwarfed by the $745 billion they’re expected to spend in 2026. The McKinsey Global Institute puts the global data center buildout through 2030 at $7 trillion — more than the New Deal, the Marshall Plan, and the Apollo program combined.
About 15% to 20% of that unfathomable spending is going exclusively to power the data center scale-up. By 2030, data centers will consume between 3% and 5% of all electricity generated on Earth.
The carbon cost is worse than the financial cost. Google's total greenhouse gas emissions rose by more than 50% in 2024 compared to five years earlier, even as the company worked harder than any of its peers to source clean power. In Armstrong County, Texas, the company is working with developer Crusoe Energy on a nearly gigawatt-scale natural gas plant to power its Goodnight data center campus.
But here is something else to consider: In 2024, Google ran a 17-week trial on 2,400 transatlantic American Airlines flights using a system designed to predict and avoid the formation of contrails. Contrails are the ice crystal trails left by jet engines that account for roughly a third of aviation's total warming impact — more than the impact of the fuel burning. The AI model rerouted flights slightly to avoid the atmospheric conditions that produce persistent contrails, and in doing so, cut contrail formation by 62% without any meaningful increase in fuel burn.
Around the same time, Microsoft used its Azure Quantum Elements platform to sift through 32 million possible chemical candidates for new battery chemistries, and in 80 hours narrowed the field to a handful of promising compounds that could reduce the amount of lithium required by as much as 70%. Meta, working with Georgia Tech, built one of the largest open-source datasets for discovering better sorbent materials for direct air capture, the process of pulling carbon dioxide directly from the atmosphere. Researchers ran nearly 40 million quantum mechanics calculations across 8,400 candidate materials, looking for those that could grab CO2 efficiently without also absorbing water from the air.
All of these things happened in the past two years. They were largely invisible to consumers. Yet they produced meaningful, even transformative climate benefits. Crucially, they cost almost nothing compared to the AI infrastructure buildout. They were side projects, pursued by teams whose quarterly numbers did not depend on their product’s success.
I argued two years ago in an interview with Heatmap that the steep financial and carbon costs of the AI buildout are worth it, and that if we stick with it, the power of AI will quickly yield innovative solutions to address climate change. But the opposition to data centers and AI deployment has created a frustrating paradox. A sector that has spent years describing a technology primarily as a threat — to the grid, to society, to humanity itself — will not, at the end of that time, be in a strong position to invest in what that technology can build. The sector wrote itself into the role of the regulator and critic at precisely the moment it should have been adopting the role of the main customer.
In the first half of 2026 alone, investors put $407 billion into AI startups, Pitchbook calculated. Climate tech, over the same stretch, did fine: $26.1 billion, according to CTVC’s insights report, up 55% year-over-year, the strongest first-half investment numbers since 2022. But low-carbon data centers alone took 34% of it, and two of the sector’s biggest deals were both for data center infrastructure. We essentially took an historic year of climate tech investment and used it to become AI's electricity supplier.
This is definitely a net positive, and critical to a clean hyperscale movement. But there’s more to be done.
Roughly one climate venture dollar in five went to something AI-enabled in 2025, which is a real increase from previous years. But out of $40 billion total climate tech investment last year, that amounts to only about $8 billion. Set that against the $242 billion that went into AI startups in a single quarter — the world's entire annual investment in AI for climate is roughly what AI startups raised every three days at the start of this year.
The three breakthroughs I mentioned at the beginning of this article are just the beginning of what AI can do for the climate — in many cases they’re the easy breakthroughs. They’re prediction, search, and optimization problems where the AI is essentially a faster pair of eyes.
The larger prize is what my colleagues at Obvious Ventures and I have come to call “generative science.” These are models trained in chemistry, physics, and biology that can propose genuinely novel arrangements of atoms rather than merely sorting through existing ones. This is where we unlock nuclear fusion, carbon-free cement and steel, and grid systems that balance themselves. We can make cancer vaccines and drugs optimized with a single patient’s DNA. If we ever make it to another planet, it will be because of AI. The same is true if we ever learn to sustainably feed 10 billion people.
This is not a speculative category anymore. A series of startups are making meaningful breakthroughs in these kinds of technologies. In Cambridge, England, a materials science company called CuspAI is building foundation models for chemistry to find materials for direct air capture of carbon dioxide. In California, Periodic Labs, founded by the researcher who led materials and chemistry at Google DeepMind, raised a $300 million seed round at a $1 billion valuation to run autonomous synthesis labs hunting for superconductors that work at higher temperatures (its valuation has since risen dramatically). And Zanskar, a company Obvious Ventures has backed, trained its models on subsurface data and a century of drilling and satellite records to find geothermal resources the industry had already written off. Last year, it identified a blind site in western Nevada with no geysers or surface expression that has the potential to generate over 100 megawatts.
Zanskar, however, is an exception. None of these other technologies were backed by climate funders. CuspAI and Periodic Labs have received financing from sovereign wealth funds, chipmakers, generalist growth firms, and individual investors who made their fortunes in software.
I’ll be the first to acknowledge that building a climate tech company isn’t easy. Investors often have to make two bets at once: that the science will work and that, if it does, there will be a viable business on the other side. Unlike chatbots from the frontier AI labs that have grown to $1 trillion valuations in less than five years, meaningful climate tech breakthroughs take longer to deploy, and even longer for their impact to put a meaningful dent in climate change.
But companies like CuspAI, Periodic, and Zanskar are proof of what’s possible when we point AI and climate tech in the same direction.
There are three main things we can do differently to continue that progress, and we can start each of them today.
As with any economic shift, aligning the incentives gets us much further than any fleeting policy commitment. When alignment happens, it creates a flywheel where AI powers research in climate tech, whose breakthroughs get fed back into AI to run models more cleanly and efficiently.
Jakob Uszkoreit, the former Google engineer who co-authored the transformer architecture that powers today’s leading large language models, described to me the paradox this way: AI needs carbon to get off the ground, but once airborne, it becomes the mechanism that solves the carbon problem. The question is whether we achieve liftoff before the end of the runway.
New research finds that Europe’s 2025 heat wave was made measurably worse by greenhouse gas emissions since the Paris Agreement.
Europe’s record-breaking heat wave in 2025 would have been a third of a degree Celsius cooler if not for emissions released just since the Paris Climate Agreement was signed in 2015, researchers found in a new study published Tuesday by the American Geophysical Union’s Geophysical Research Letters.
The research marks a step forward for attribution science, which has traditionally worked to tie extreme events such as heat waves and floods to climate change writ large. Now, using artificial intelligence trained on climate models, researchers have managed to link extreme weather to a specific subset of emissions.
“Not only does every little bit of emissions count, but the amount of emissions released since 2015 significantly increased the temperature of [the 2025 European] heat wave,” Jared Trok, the study’s lead author and a PhD student at the Stanford Doerr School of Sustainability, told me. “Before this paper” — which found 99-in-100 odds that human-caused emissions since 2015 increased the severity of the 2025 heat wave — “we couldn’t really make a claim to that extent.”
Though the record-breaking 2026 heat wave fell outside the scope of the study, the 2025 heat wave was no joke either — temperatures crested 115 degrees Fahrenheit in Spain and Portugal, and more than 16,000 died across the continent. Trok’s findings about a relationship between the past decade of emissions and intensified heat also held true for Europe’s hottest week in every year since at least 2021.
While a third of a degree Celsius might not sound like a lot — “it’s smaller than our ability to actually sense,” Trok acknowledged — there’s a growing body of scientific literature that suggests even incremental increases in temperature can be deadly. “It’s nonlinear,” Trok added. “For every additional increment of temperature, the impacts on heat-related mortality are even larger than the previous increment.” Though Trok and his colleagues did not look at mortality specifically, the reasoning indicates dozens if not hundreds of people could have died due to that fraction of a degree.
The study highlights the advances in the specificity and speed of attribution science, which a quarter of a century ago struggled to distinguish the influence of all historical emissions on any individual event. But it also suggests something grim: The past decade also overlaps with the biggest global efforts toward decarbonization. “Even if the decarbonization goals are achieved, these results as well as others suggest near certainty that the extremes, particularly extreme heat, will continue to intensify,” Noah Suresh Diffenbaugh, a Stanford climate scientist and the paper’s senior author, told me.
Paired with a separate commentary also published today by the U.S. Climate Collection, a joint project of AGU and the American Meteorological Society, the research adds an urgent underline to the need for research like Trok’s to be incorporated into state and local policymaking. Many of the institutions that existed to do so in the U.S., however, have collapsed or been actively dismantled by the second Trump administration.
The Climate Collection formed in the void that followed the forced breakup of the sixth National Climate Assessment (and is made up of many of its authors), and argues that the NCA did more than just good rigorous science — it also helped translate that research into a reliable springboard for policymakers.
The U.S. Climate Collection aims to compile an open-access collection of research papers that “lays the groundwork for future national and subnational assessments of climate risks and solutions in the United States.”
The group’s first paper serves as “a call to our colleagues to meet that need and the charge that has been given to us by society to produce the science” necessary for policymakers and other groups to “make better decisions,” Melissa Kenney, one of the commentary’s lead authors and director of research and knowledge initiatives at the University of Minnesota’s Institute on the Environment, told me.
In the past, the formal NCAs have helped inform everything from New Hampshire flood risk management plans to city- and state-level climate policies, the Climate Collection writes in their commentary. (They also set expectations: The last NCA required the involvement of 500 authors, 250 technical contributors, and synthesized more than 8,200 studies, meaning the Collective likely couldn’t replicate the rigor and scope even if it wanted to.) The Climate Collection specifically singles out attribution as an area of priority.
“Compounding extremes and cascading climate risks are increasingly overwhelming our legacy policies and infrastructure,” Kenney said, adding that “being able to understand the impact of these compounding extremes is really critical in a number of communities to be able to make smart, multi-decadal decisions like infrastructure choices.”
But as Trok’s research shows, even assumptions about the climate of 2015 are out of date. Investments in adaptation are a small fraction of the total dollars spent addressing climate change, and as Diffenbaugh stressed, the new paper is just the latest “of a number of studies that highlight that we can expect further acceleration of impacts from extreme events.”
The U.S. Climate Collection doesn’t intend to fill the gap left by the collapse of NCA6 (nor could it, its authors point out, given that it’s a self-organized volunteer group). But its call for synthesis papers of smaller scopes could give policymakers grounds to make decisions pulled from rigorous, peer-reviewed research as the world changes all around us. “These types of assessment reports are one of our greatest professional obligations as scientists,” Kenney said. “Most people will not go and read hundreds of scientific papers to be able to understand what we know and what we still need to know.”
“But,” she added, “there’s a real need for us to be able to provide the information” — before it becomes old news, too.
On geothermal research, Solar for All, and a Monster El Niño
Current conditions: Rains from Typhoon Dujuan caused landslides that killed four people in regions near Tokyo, while six are still missing • More than 20 active fires, including one threatening the popular tourist town Villa de Leyva, have led Colombian authorities to declare a public calamity • It’s cool and damp in New York City, where United Nations Secretary-General António Guterres is preparing to open his final session of high-level debate at the United Nations General Assembly.
Less than two weeks ago, my colleague Alexander C. Kaufman told you about the average U.S. diesel price breaking $6 per gallon for the first time ever. Oh, how young we were then. As of Tuesday, the average diesel price was nearly $6.53, more than a cent higher than Monday and nearly a dollar higher than the price of a month ago. As Heatmap’s Matthew Zeitlin wrote when the average diesel price was just $5.50 per gallon, “While there’s probably never a good time for fuel prices to spike, the increase in diesel prices right now will likely translate to increased costs for farmers as they rev up their equipment for the harvest season.” Indeed, Iowa Senator Chuck Grassley, a Republican, took to X over the weekend to say that fuel costs are “KILLING FARMERS INCOME” and call for an embargo on diesel exports. It seems Trump was listening: According to Politico, the president called up Secretary of Agriculture Brooke Rollins Monday to discuss the issue. Though Rollins said to expect news “very soon on some potential actions,” an export ban doesn’t seem likely to be among them. A White House official told Politico that the administration is “not considering an export ban or export restrictions at this time.”
Meanwhile, the president is considering standing up a $5 billion fund to help rebuild Middle East energy infrastructure damaged in the war with Iran. As outlined in the Wall Street Journal on Monday, the plan would call for soliciting matching funds from partners Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait, Oman, Iraq, and Jordan, with the goal of raising $10 billion in total. Reactions from analysts were mixed. “This strategy has risk written all over it,” Bilal Saab, senior managing director of consulting firm TRENDS US, told the paper. Eurasia Group energy senior analyst Gregory Brew, however, called the plan a “great idea” and pointed back to his own essay from Foreign Affairs in May advocating for “strategies that build energy resilience and reduce exposure to future strait closures.”
The Department of Energy announced on Monday that it has selected 21 next-generation geothermal projects to receive a total of $99 million in funding with the aim to “advance geothermal development” across the U.S. Five of the projects will conduct field research on enhanced geothermal technologies, while the remaining 16 will conduct exploratory drilling to identify potential new well sites. The recipients include industry darlings such as Fervo Energy, Zanskar Geothermal and Minerals, and Quaise Energy. The data from these projects will be made public via the DOE’s Geothermal Data Repository, allowing companies and developers outside this select group to benefit from the research.
“These projects will empower American innovators to unlock the tremendous geothermal resources beneath our feet,” DOE Under Secretary of Energy Kyle Haustveit said in a statement. “Under President Trump’s leadership, we’re advancing next-generation geothermal technologies that can lower costs, strengthen American energy dominance, and turn more of our vast domestic geothermal resources into reliable and affordable power.”
Last Friday afternoon, Judge Mary McElroy of the U.S. District Court for the District of Rhode Island ruled that attempts by Trump’s Environmental Protection Agency to claw back $7 billion in funding distributed under the Biden-era Solar for All program were illegal. The ruling hinged on the wording of the One Big Beautiful Bill Act, in which Congress rescinded “unobligated” funds from the program. The EPA seized on this authority to attempt to cancel the program entirely, cutting off access to funds that had been obligated but not yet distributed. “The OBBBA did not convert SFA funding into a lump-sum amount subject to EPA’s discretion,” McElroy wrote in her decision, according to The Hill. “Instead, Congress’s clear intent was that EPA continue to administer the already obligated SFA grants.”
This represents the second defeat in a row for EPA Administrator Lee Zeldin, after the D.C. Circuit Court of Appeals in August upheld an injunction against his attempt to rescind $20 billion in awards from a related program, the Greenhouse Gas Reduction Fund. My colleague Robinson Meyer wrote at the time that the decisions “would amount to a victory — if it holds.” Though the judge’s opinion required the agency to give grant recipients access to their funds while the case proceeded, the EPA later made a deal to keep the funds frozen while it prepares an appeal to the Supreme Court. An EPA spokesperson told The Hill on Friday that it is already “reviewing the decision and considering options for appeal” in the Solar for All case.
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SB Energy, the SoftBank subsidiary backing some of the biggest projects of the data center boom — including a planned 9.2-gigawatt natural gas-fired power plant in Ohio — was all set to go public as soon as this month. Now, however, The New York Times is reporting that those plans have been delayed as mounting public distrust in artificial intelligence and its associated infrastructure has led to skepticism among investors. Heatmap has tracked the backlash closely, including in our exclusive polling showing that 75% of Americans now oppose data center construction near them.
The backlash is also causing political problems for data centers, especially in Texas, where Governor Greg Abbott has issued another salvo against developers. After freezing new data center grid connections last month, Abbott on Monday ordered the Texas Commission on Environmental Quality, the state’s environmental regulator, to stop issuing permits for new data center construction. “Simply put, Texans must come first," Abbott said in a statement. “Data centers must pay their own way, protect our grid and water,” and complete audits with the state’s grid and water authorities. “Until they do, TCEQ will issue no permits sought by data center projects.”
The surface temperature in a key section of the Pacific Ocean registered 3.07 degrees Celsius higher than average over the weekend, putting it in a statistical tie with the previous record set in 2015, according to an analysis in Carbon Brief Monday. This particular section of the Pacific is the one scientists monitor to determine the presence of the cyclical El Niño weather pattern, which occurs when average temperatures breach half a degree Celsius above average for the region. Two degrees higher and it’s a Super El Niño. “This is going to be so far beyond a Super El Niño, if the models are right, that we sort of need a new term for it,” the author of the analysis, Zeke Hausfather, told Rob in August on an episode of Shift Key. El Niño temperatures typically peak in November or December, meaning that there are likely several months of intensification still to come. California Governor Gavin Newsom on Monday declared a state of emergency to boost preparedness against the storms and flooding the intense weather pattern is likely to bring to the state.
As my colleague Emily Pontecorvo wrote in her dispatch from Day 1 of New York Climate Week yesterday, the carbon dioxide removal industry has money problems. That makes the $35 million debt financing deal between Italian lender Mediobanca and American carbon removal company Vaulted Deep announced Monday that much more exciting. Vaulted Deep has a unique approach to sequestering carbon, processing organic materials into a slurry that it then injects underground, and has previously received support from the carbon removal backer Frontier Climate. The funding arrangement, announced Monday, is a proof of concept of the advanced market commitment model Vaulted Deep co-founder and CEO Julia Reichelstein told Axios.