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☆ Palmer Luckey's start-up Anduril just proved it can challenge legacy defense contractors and win
▼ + stars: | 2024-04-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Anduril has just been selected as one of two vendors for a major US air force contract. AdvertisementAnduril Industries, the defense tech startup run by Palmer Luckey, has just been awarded a major contract by the US Air Force, beating out legacy names like Boeing and Lockheed Martin. The Air Force hopes to eventually buy at least 1,000 CAA systems at a cost of $30 million per drone. "I'm confident we're going to deliver on budget and on schedule some really sick AI-powered fighter jets," he added. And the demand is there for them if they can make it: venture capitalists have put more than $100 billion into defense tech since 2021, according to PitchBook data.

Persons: Anduril, Northrup Grumman, Palmer Luckey, —, Lockheed Martin, Atomics, General Atomics Organizations: Boeing, Lockheed, Service, Anduril Industries, US Air Force, Aircraft, Air, Air Force, CAA, Combat Aircraft, CNBC Locations: Anduril, United States of America, …, China, Silicon Valley

☆ Anduril Industries CEO on new defense technologies
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnduril Industries CEO on new defense technologiesBrian Schimpf, Anduril Industries CEO, joins 'The Exchange' to discuss developments in defense technologies, the company's collaborations with the U.S. Air Force, and more.

Persons: Brian Schimpf Organizations: Anduril, Anduril Industries, U.S . Air Force

☆ Inside Anduril, the Defense Startup That’s Run Like a Tech Company
▼ + stars: | 2023-12-04 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Inside Anduril, the Defense Startup That’s Run Like a Tech CompanyStartup Anduril Industries is shaking up the U.S. defense industry. Founded by Oculus creator Palmer Luckey, Anduril is building AI-powered, autonomous weapons systems that it says will create a more nimble and cost-effective military. Photo Illustration: Alexander Hotz/WSJ

Persons: Palmer Luckey, Alexander Hotz Organizations: Defense, Tech, Startup

☆ The future of war and AI with Palmer Luckey
▼ + stars: | 2023-12-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe future of war and AI with Palmer LuckeyPalmer Luckey, Anduril Industries founder, joins CNBC's Morgan Brennan and 'Fast Money' to talk its new AI-powered jet drone the 'Roadrunner'.

Persons: Palmer Luckey Palmer, CNBC's Morgan Brennan Organizations: Anduril Industries

"I'm very, very lucky because I wouldn't have had the courage to go and do that acquisition, but I give all the credit in the world to Dave Clark," Petersen said. "There's a perfect complement of skill sets," Petersen told Forbes in June 2022. Petersen told Clark he should engage with Shopify's team, according to a person with direct knowledge of the negotiations. Clark, Petersen and Wagers met in Texas in mid-August to fine-tune the forecasts. Flexport told CNBC that an employee's politics are not relevant in personnel decisions.

Persons: Dave Clark, Ryan Petersen, he'd, Petersen, Clark, excoriated Clark, we've, Clark wasn't, Jeff Bezos, It's, Flexport, Clark overspent, Flexport's, He'd, Sanne Manders, Dave, Shopify, Tobias Lutke, Lutke, Shopify's, glanced, didn't, Fund's Trae Stephens, Michael Ronen, SoftBank, Andreessen Horowitz, Bob Swan, Samyukta Lakshmi, Kenny, Stuart Leung, pare, Leung, —, Lindsey Wasson, Clark's, Stephens, Peter Thiel, Trump's, Petersen's, Sen, Joe Manchin, Chris Ferro, Ferro, Parisa Sadrzadeh, couldn't, Amazon, Sadrzadeh, Burak Yolga, Yolga, Nelly Organizations: North, Amazon, Twitter, CNBC, UPS, FedEx, Milken Institute Global Conference, Bloomberg, Getty, Forbes, Deliverr, Shopify's, Anduril Industries, Intel, Intel Corp, U.S ., Clark, Republican, Founders Fund, Democratic, Street Journal, Flexport Locations: Phoenix, Silicon, Clark, Beverly Hills , California, U.S, Flexport, Deliverr, Miami, Flexport's Bellevue , Washington, Bengaluru, India, Flexport's, Asia, U.S . West Coast, Texas, Ohio, Arizona, Thiel's, West Virginia, Seattle, integrations

☆ Anduril founder Palmer Luckey says the ChatGPT buzz is making politicians more interested in AI-powered weapons
▼ + stars: | 2023-09-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Palmer Luckey told Breaking Defense the ChatGPT hype is making politicians interested in AI weapons. While Luckey may be best known as the founder of Oculus, in 2017 he created a defense tech startup called Anduril Industries. In a recent interview with Breaking Defense, Luckey said "ChatGPT has probably been more helpful to Anduril with customers and politicians than any technology in the last 10 years." Luckey, who referred to Anduril as an "AI company," clarified to Breaking Defense that ChatGPT wasn't actually powering Anduril's products. It builds military technology including drones, surveillance towers, and underwater vehicles powered by its AI software system, Lattice.

Persons: Palmer Luckey, Luckey, he's, that's, Palmer, ChatGPT, you'll, futher, Anduril, Andreessen Horowitz, Lockheed Martin, Trump, we've Organizations: Breaking Defense, Capitol, Pentagon, Service, Anduril Industries, Defense, Blue Force Technologies, TechCrunch, Founders Fund, Boeing, Lockheed, Department of Defense, Department of Homeland Security, CNBC, Special, Command, US Customs, Protection, Jaan, Skype, Cambridge Centre, Life Locations: Wall, Silicon, Jaan Tallinn

Sept 7 (Reuters) - Defense technology startup Anduril Industries, founded by entrepreneur Palmer Luckey, said on Thursday it acquired autonomous aircraft maker Blue Force Technologies, as it looks to strengthen its autonomous fleet and software capabilities. The deal, whose terms were not disclosed, comes as aerospace companies ramp up their spending on artificial intelligence and autonomous aircraft amid geopolitical uncertainties. North Carolina-based Blue Force designs and manufactures composite aircraft and components. Anduril earlier this year also launched its Lattice for Mission Autonomy, an artificial intelligence-enabled software, used to collaborate teams of autonomous systems during missions under human supervision. Reporting by Abhinav Parmar in Bengaluru and Mike Stone in Washington; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Palmer Luckey, Chris Brose, Fury, Anduril, Luckey, Abhinav Parmar, Mike Stone, Maju Samuel Organizations: Defense, Industries, Blue Force Technologies, Force, Anduril, Reuters, Mission Autonomy, VR, Facebook, Thomson Locations: North Carolina, China, Bengaluru, Washington

☆ Startup investors are fueling a boom in U.S. defense tech as China standoff opens doors at home
▼ + stars: | 2023-09-07 | by ( Lauren Feiner | ) www.cnbc.com time to read: +11 min

Louie added that he doesn't "know of a single major fund out there that isn't thinking about disruptive tech investing in the U.S., investing in defense tech, investing in microelectronics and AI in the next generation and next iteration." Stephen McCarthy | Sportsfile | Getty ImagesVC funding in aerospace and defense tech has shot up in recent years, according to data compiled by PitchBook for CNBC. The poster child for U.S.-focused defense tech is Anduril Industries, co-founded in 2017 by Oculus Rift designer Palmer Luckey. They can just look at the untapped potential in defense tech. "The government's becoming a better customer," said Shah, who previously served as managing partner of the Defense Department's Defense Innovation Unit, which seeks to accelerate the use of emerging technologies.

Persons: Hadrian, Chris Power Hadrian, Joe Biden, Gilman Louie, Alsop, Louie Partners, He's, Louie, Biden, Lindsay Gorman, she's, Gorman, Chris Power, Power, Hadrian's, Peter Thiel's, Palmer Luckey, Stephen McCarthy, Sportsfile, Anduril, Richard Jenkins, Bilal Zuberi, Lux, Zuberi, Jenkins, Saildrone didn't, Paul Kwan, Catalyst, What's, Kwan, Kyle Harrison, Saul Loeb, Raj Shah, Josh Wolfe, There's, Shah, Wolfe Organizations: Chris Power Hadrian Automation, America's Frontier, U.S, Marshall Fund's Alliance, Securing Democracy, Lux Capital, Fund, Andutil Industries, Enercare Center, Getty, PitchBook, CNBC, Industries, Oculus, Blue Force Technologies, Oceanic, Atmospheric Administration, Navy, Coast Guard, Google, Intel, AFP, Shield, Lux, Defense Department's Defense Innovation Unit, Power, YouTube, China Locations: China, U.S, America, Torrance , California, Los Angeles, Toronto, Canada, Ukraine, New Albany , Ohio, Silicon

☆ Right now we're not close to any kind of IPO, says Anduril Founder Palmer Luckey
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRight now we're not close to any kind of IPO, says Anduril Founder Palmer LuckeyPalmer Luckey, Anduril Industries founder, joins 'Closing Bell Overtime' to discuss the defense sector, how A.I. is being implemented in manufacturing, the possibility of going public and more.

Persons: Palmer Luckey Palmer Organizations: Anduril Industries

☆ Watch CNBC's full interview with Anduril Industries Founder Palmer Luckey
▼ + stars: | 2023-05-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Anduril Industries Founder Palmer LuckeyAnduril Industries Founder Palmer Luckey joins 'Closing Bell Overtime' to discuss the defense sector and the impact a debt ceiling default could have on government defense spending.

Persons: Palmer, Palmer Luckey Organizations: Anduril Industries, Anduril

☆ Autonomous tech can help U.S. spend less and do more with defense, says Anduril's Palmer Luckey
▼ + stars: | 2023-05-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAutonomous tech can help U.S. spend less and do more with defense, says Anduril's Palmer LuckeyAnduril Industries Founder Palmer Luckey joins 'Closing Bell Overtime' to discuss the defense sector, new tech in the defense space, and the impact of a debt ceiling default on government defense spending.

☆ 7. Anduril Industries
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Anduril Industries operates in an increasingly complex security environment, where science and technology innovation are needed for the U.S. military to keep an edge. Throughout 2022, defense technology specialist Anduril Industries supplied drones, artificial intelligence software and training to help the Ukrainian Armed Forces conduct surveillance and reconnaissance missions. With a recent round of venture financing directed toward cutting-edge autonomous militaristic products, Anduril Industries stands to help fill this gap and scale it up. Building on that acquisition, last year Anduril Industries partnered with the U.S. Special Operations Command on a 10-year, $967 million contract to provide systems for shooting down drones. Anduril also bought startup Dive Technologies, a maker of underwater vehicles, to expand its suite of autonomous vehicles.

☆ Dedrone: 2023 CNBC Disruptor 50
▼ + stars: | 2023-05-09 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Dedrone, a Sterling, Virginia.-based airspace security specialist, is on the frontlines of this battle, detecting and countering opposition drones. In the ongoing war between Russia and Ukraine, military drones are seen as a super weapon, increasingly being used to detect threats in conflict zones. Ramping up, Dedrone and several rivals, including DroneShield, D Fend Solution and 2023 No. In the fast-escalating and consolidating commercial market, Dedrone sealed a partnership with building smart-tech maker Johnson Controls to detect unauthorized drones. Dedrone also partnered with security technology solutions maker Axis Communications to integrate its surveillance cameras.

☆ Why ChatGPT developer OpenAI is the No. 1 company on the 2023 CNBC Disruptor 50 list
▼ + stars: | 2023-05-09 | by ( Julia Boorstin | ) www.cnbc.com time to read: +7 min

Microsoft unveiled new versions of its Bing internet-search engine and Edge browser powered by the newest technology from ChatGPT maker OpenAI. Of the 50 companies on this year's list, 21 told us that AI is critically important to more than 50% of their revenue. Half of the companies in the top 10 of the 2023 CNBC Disruptor 50 list feature key use of AI, and notably, they represent a diverse range of industries and use cases. OpenAI CEO Sam Altman speaks during a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, Feb. 7, 2023. The call to slow down is, in fact, less safe than what they're proposing," he said, referring to OpenAI and Altman.

☆ One of the biggest autonomous transportation tests is operating deep underwater
▼ + stars: | 2023-03-05 | by ( Barbara Collins | ) www.cnbc.com time to read: +3 min

Boeing's lineup of unmanned, undersea vehicles (UUV) can operate autonomously for months at a time on a hybrid rechargeable propulsion power system. More than 80% of the ocean remains unexplored by humans but could soon be mapped by autonomous underwater robots. Autonomous robot submarines — also referred to as autonomous underwater vehicles, or AUVs — are able to explore high-pressure areas of the ocean floor that are unreachable by humans through preprogrammed missions, allowing them to function without humans aboard, or controlling them. Navies worldwide are investing in unmanned underwater vehicles to elevate their fleet of below-water defense tools. The U.K.'s Ministry of Defence also announced in August the donation of six autonomous underwater drones to Ukraine to aid in their fight against Russia by locating and identifying Russian mines.

☆ Oculus founder Palmer Luckey compares Facebook's metaverse to a 'project car,' with Mark Zuckerberg pursuing an expensive passion project that no one thinks is valuable
▼ + stars: | 2022-10-25 | by ( Kali Hays | ) www.businessinsider.com time to read: +3 min

Luckey founded Oculus and sold it to Facebook for $2 billion in 2014. He wants the metaverse to be built, but says Facebook's current product Horizon is "not good." Luckey sold Oculus, a virtual-reality startup, to Facebook in 2014 for $2 billion. Luckey was fired from Facebook in 2016, which he said happened because of his political donations to an "unpopular" cause. He said the amount of money Zuckerberg is putting behind the project alone means there's a chance Horizon Worlds will get better and the metaverse will be a success.

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