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☆ Palmer Luckey says his Facebook firing changed the way he does business
▼ + stars: | 2024-11-20 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

AdvertisementPalmer Luckey said his firing from Facebook changed his approach to business relationships. He went on to found Anduril Industries, a $14 billion defense startup. Oculus founder Palmer Luckey said his frosty departure from Facebook years ago changed the way he approaches business deals. Luckey went on to become the founder and face of Anduril Industries, a tech defense startup reportedly worth $14 billion, but he told Fortune that the dramatic firing changed how he approaches business. Now, as his defense company supplies weapons for the Russia-Ukraine war, he said he's working on his reputation in the business world.

Persons: Palmer Luckey, Luckey, Donald Trump, he'd, Fortune, Gabrielle Wesley, America It's, Forbes, Trump, John Carmack Organizations: Facebook, Industries, Anduril Industries, Mars, America Locations: Mars Wrigley, Russia, Ukraine

☆ Defense tech companies like Anduril hope Trump can streamline military contracts
▼ + stars: | 2024-11-16 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Others in the defense industry are less optimistic. Tech billionaire Palmer Luckey's bet on the defense industry is paying off at Anduril, the drone-making company he founded. AdvertisementSacknoff said that procurement reform in the defense industry is not a new concept and that the Defense Department is always restructuring its contracting process. Richard Aboulafia, managing director at AeroDynamic Advisory, a consulting firm, said that reforming the defense industry will take time. AdvertisementSacknoff said the military defense business is always looking for a "counter" to the newest technology and that the growth of autonomous drones would likely bring more innovations to stop them.

Persons: Palmer Luckey, Anduril, Palmer Luckey's, Donald Trump's, Brian Schrimf, Schrimpf, Scott Sacknoff, Sacknoff, Richard Aboulafia, Abaulafia, DefenseScoop, Tesla, Eric Schmidt, Schmidt Organizations: Tech, Yahoo, Spade, Defense Department, Teledyne, Defense, Google Locations: Anduril, United States, Saudi Arabia

☆ Palmer Luckey and other defense tech leaders see Trump's victory as a win for the industry
▼ + stars: | 2024-11-10 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Defense tech startups are anticipating growth under Trump's second term. AdvertisementSome leaders in the defense tech industry, including Anduril cofounder Palmer Luckey, think that defense tech startups are poised for success during president-elect Donald Trump's second term. Over the last decade, Silicon Valley has made waves in the defense tech industry. Some of the defense tech industry's optimism for Trump's victory lies in SpaceX founder Elon Musk's proximity to the president-elect and his vice president, JD Vance, Forbes reported. Luckey told Bloomberg that Musk has "outperformed every reasonable expectation."

Persons: Palmer Luckey's Anduril, Elon Musk's, Vance, —, Palmer Luckey, Donald Trump's, Luckey, Anduril, Biden, Elon, JD Vance, Forbes, Nathan Mintz, Musk, it's, Donald Trump, Brian Schimf Organizations: Defense, Trump, Service, Meta, Teledyne, Defense Department, Bloomberg, SpaceX, Elon, Forbes, Republican, United Locations: United States

☆ Anduril Co-Founder Palmer Lucky talks what a Trump White House means for defense
▼ + stars: | 2024-11-06 | 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 Co-Founder Palmer Lucky talks what a Trump White House means for defenseAnduril Co-Founder Palmer Lucky joins 'Closing Bell Overtime' to talk the impact of the election on defense spending.

Persons: Palmer Lucky Organizations: Trump, Anduril

☆ Company executives are speaking out on Election Day: Starbucks' Howard Schultz calls for a peaceful transition of power
▼ + stars: | 2024-11-05 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +9 min

Business leaders are speaking out on Election Day — including Starbucks founder Howard Schultz. AdvertisementElection Day has finally come, and executives at some of the biggest companies are speaking out — with former Starbucks CEO Howard Schultz urging a peaceful transition of power and Elon Musk reiterating his support for Donald Trump to the end. Major players like Musk and Blackstone CEO Stephen Schwarzman have previously endorsed former President Trump. "Once every vote is counted and certified, we must accept the results of the election and ensure the peaceful transition of power," he said. In addition to re-posting several pro-Trump messages from other X users, Musk wrote a few election-related posts of his own.

Persons: Howard Schultz, Schultz, Elon Musk, Reid Hoffman, Harris, —, Donald Trump, Stephen Schwarzman, Trump, Mark Cuban, Kamala Harris, Insider's Bryan Metzger, he's, Howard Schultz Howard Schultz, Spencer Platt, Joe Biden, Hillary Clinton, Reid Hoffman Reid Hoffman, Kimberly White, Hoffman, " Hoffman, Marc Piasecki, Musk, Joe Scarborough, Vinod Khosla Vinod Khosla, Steven Ferdman, Vinod Khosla, Kamala, Khosla, Robert F, Kennedy Jr, Cantor Fitzgerald, Howard Lutnick Howard Lutnick, ANGELA WEISS, Howard Lutnick, Lutnick, Palmer Luckey Palmer Luckey, Oculus, Patrick T, Fallon, Palmer, Luckey, Walz, Andrew Bosworth, JOSH EDELSON, Getty Andrew Bosworth, Bosworth, Eli Lilly, Lockheed Martin, General Mills, Johnson Organizations: Starbucks, Trump, Service, Blackstone, Getty, LinkedIn, Greylock Partners, Liberty, SpaceX, Elon Musk Elon, Tesla, Pennsylvania, Billionaire, Sun Microsystems, Wall Street, Philadelphia Inquirer, Financial Times, Bloomberg, Anduril Industries, Meta, Big Tech, National Association of Manufacturers, General Motors, Penske, Panasonic Locations: Jerusalem, Fortnite, AFP

☆ Palmer Luckey says he still holds a grudge over his Meta ousting — but not against Zuck
▼ + stars: | 2024-10-29 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Palmer Luckey told MIT Technology Review he's still "sore" about being ousted from Facebook in 2017. Luckey, who founded Oculus VR, has since turned his efforts to Anduril, a defense tech company. AdvertisementPalmer Luckey is still angry about his ousting from Facebook eight years ago — but the billionaire virtual reality guru doesn't blame Meta CEO Mark Zuckerberg. Much of his remaining ire, Luckey told the outlet, is reserved for less well-known people involved in the situation, such as public relations agents, reporters, and lawyers. "Anyway," Luckey told MIT.

Persons: Palmer Luckey, Mark Zuckerberg, —, Palmer, Luckey, I'd, I've, it's, It's, Meta —, Facebook —, Donald Trump, Zuckerberg, Zuck, Luckey's, resentments, Andrew Bosworth, Meta Organizations: MIT Technology, Facebook, VR, Service, Meta, Trump, MIT, Reality Labs, Pepperdine University Locations: Luckey, Meta

☆ North Korea's new drones use a 'reverse-engineered copy' of Hellfire missiles from the MQ-9 Reaper, US Army general says
▼ + stars: | 2024-10-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

North Korea is copying the American Hellfire missile, US Army Brig. Pyongyang previously unveiled two drones that looked suspiciously like the MQ-9 Reaper and RQ-4 Global Hawk. AdvertisementThe US military is closely watching a new North Korean drone that uses a "reverse-engineered copy" of the Hellfire missile for the MQ-9 Reaper and RQ-4 Global Hawk, a US Army general said on Tuesday. "North Korea recently unveiled a reconnaissance and multirole UAV that employ a reverse-engineered copy of a Hellfire missile, similar to an RQ-4 and MQ-9," Brig. If the North Korean missiles are, indeed, guided, it's also unknown what system they employ.

Persons: Patrick Costello, —, United States Army Conference . Costello, Costello, Kim Il, it's, general's, David Stewart, Palmer Organizations: missile, US, Service, Hellfire, US Army, of, United States Army Conference, North Korean, Korean Central News Agency, Korea News Service, Korean, The Defense Department, US Special, Command, Pentagon, Business Locations: Korea, Pyongyang, Brig, North Korea, West, Ukraine

☆ Inside a high-tech parking garage where robots valet park your car
▼ + stars: | 2024-10-15 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

Five bays equipped with self-serve kiosks provide entry and exit to the building's automated parking garage. Automated parking is a growing trend in high-end real estate where buildings from New York to Miami now come equipped with kiosks, car lifts and car-parking robots. One of five car lifts inside the automated parking system. The AGVs are essentially free roaming, self-charging, robo-parkers that use vision systems, lifts and lasers to precisely park and retrieve cars. An AGV prepares to park a Ferrari inside the Brickell House's automated parking system.

Persons: Ginger Monteleone, Monteleone, ParkPlus, Peter Manis, Manis, Billionaire Palmer Luckey, Luckey, Palmer Organizations: Brickell House, CNBC, Grand View Research, ParkPlus, Brickell, Ferrari, VR, Anduril Industries, Anduril Industries CNBC Locations: Miami, New York, Manhattan, North America, Brickell, ParkPlus Florida, Newport Beach , California

☆ Microsoft lost billions of dollars on HoloLens, and its huge IVAS military contract is in trouble
▼ + stars: | 2024-10-14 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +7 min

The company's 10-year IVAS contract to make goggles for the Army is worth up to $22 billion. HoloLens historyMicrosoft's HoloLens device was unveiled in 2015. While the 10-year IVAS contract was expected to be worth as much as $22 billion, it suffered delays and has been plagued by quality and performance problems . AdvertisementIn September, Microsoft tapped Anduril to help with its military contract. Palmer Luckey, a virtual-reality pioneer who founded Anduril, recently described the IVAS contract as his "top priority."

Persons: —, That's, that's, It's, HoloLens, Alex Kipman, Kipman, Panos Panay, Palmer Luckey, Ashley Stewart Organizations: Microsoft, Service, US Army, US Department of Defense, Department of Defense, Google, BI, Amazon, Meta, Apple, Labs, Bloomberg, Breaking Defense Locations: IVAS

☆ Palmer Luckey's Anduril debuts autonomous attack drone in new video
▼ + stars: | 2024-10-11 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Anduril Industries debuted its AI-powered Bolt-M drone, which fits in a backpack. A new video shows the Bolt-M drone's AI abilities in action. Anduril Industries, cofounded in 2017 by Oculus founder Luckey, unveiled its Bolt and Bolt-M drones in a YouTube video on Thursday. The Bolt drone, seen in the video hovering above targets, is meant to use AI to autonomously track targets. AdvertisementAnduril did not immediately return a request for comment from Business Insider about the Bolt and Bolt-M drone reveal.

Persons: Palmer Luckey, Anduril, —, Palmer, Luckey, Chris Brose, DefenseScoop, Brose, Donald Trump, Meta Organizations: Anduril Industries, Service, Industries, Business, Marine Corps, US Air Force, Department of Defense, Teledyne, Roadrunner, Meta

☆ Billionaire Palmer Luckey's icy relationship with Mark Zuckerberg is thawing 8 years after his Facebook firing
▼ + stars: | 2024-10-04 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Palmer Luckey and Meta appear to be mending their frayed relationship. The Oculus and Anduril founder recently visited Meta for a demo and signaled he'd be open to working with Mark Zuckerberg. Luckey was fired in 2016 from Facebook amid backlash over funding a billboard mocking Hillary Clinton. AdvertisementEight years after getting fired from Facebook, Palmer Luckey appears to be open to burying the hatchet with Mark Zuckerberg and Meta. https://t.co/SvHbU5qwcn — Palmer Luckey (@PalmerLuckey) October 3, 2024Neither Palmer Luckey nor Meta immediately responded to a request for comment from Business Insider.

Persons: Palmer, he'd, Mark Zuckerberg, Luckey, Hillary Clinton, —, Palmer Luckey, He's, Andrew Bosworth, Zuckerberg, haven't, Donald Trump, Gary Johnson, Anduril, They've, Meta, Bosworth, Theseus, Boz, SvHbU5qwcn — Palmer, Palmer — Organizations: Meta, Facebook, Service, Street, Trump, VR, Industries, Forbes, Pepperdine University, Business Locations: Luckey

☆ Anduril's Palmer Luckey slammed restrictions on AI use in the military
▼ + stars: | 2024-10-02 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

In a college talk, Palmer Luckey criticized AI restrictions in military use. Luckey, founder of Anduril Industries, warned of adversaries like Russia and China using AI. In a Tuesday talk at Pepperdine University, Palmer Luckey, the founder of Anduril Industries, said he fears that AI will be used by "evil people," while Western powers are being coerced into not using AI. He added that Iran is going to have access to great AI in the future, and that China already has great AI. During Tuesday's talk, Luckey said that all of Anduril's tech operates autonomously and runs on its AI platform, called Lattice.

Persons: Palmer Luckey, —, Luckey, Anduril, Alex Karp, Karp, we're, Brian Schimpf Organizations: Anduril Industries, Service, Pepperdine University, United Nations, VR, Meta, of Defense, Department of Homeland Security, Special, Command, Founders Fund, Sands Capital, New York Times Locations: Russia, China, Ukraine, United, Iran, Europe, West, Israel, Palantir

☆ Palmer Luckey's buzzy defense firm Anduril is expanding into the space business
▼ + stars: | 2024-10-02 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Palmer Luckey's defense tech startup Anduril is setting its sights on space. AdvertisementDefense tech startup Anduril is fast building a reputation for disrupting the traditional defense industry with its futuristic flying and underwater autonomous devices. Anduril said the mission would "be the foundation for Anduril and Apex's commitment to regularly deploying more mass to orbit. " Last week, the company landed a $25.3 million contract with the US Space Force, a branch of the military established four years ago to protect US interests in space. AdvertisementAnduril has been contracted to expand the use of its artificial intelligence-powered Lattice software on Space Force's Space Surveillance Network (SSN).

Persons: Palmer, Anduril, —, Palmer Luckey, Gokul Subramanian Organizations: Apex, Service, Defense, SpaceX, US Space Force, Surveillance, Space, Engineering, US Air Force, Australia's Navy, Air Force Locations: United States, Anduril's

☆ Billionaire Palmer Luckey takes a victory lap with return to headset world 8 years after getting fired from Facebook
▼ + stars: | 2024-09-19 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Palmer Luckey's Anduril is bringing its tech to the US Army's Integrated Visual Augmentation System. Luckey, who was ousted from Facebook, added that he is among the smartest people in the VR industry. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Palmer Luckey, the billionaire founder of Oculus VR and Anduril Industries, is bringing his virtual reality software to the military world after inking a new deal announced on Thursday.

Persons: Palmer, Luckey, —, Palmer Luckey Organizations: Facebook, VR, Service, Anduril Industries, US, Business

☆ A defense startup says it can fix America's ammo problem with China using a new low-cost cruise missile
▼ + stars: | 2024-09-13 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. "This is not designed to go specifically and rigidly at one specific problem," Anduril's chief strategy officer, Chris Brose, told DefenseScoop. "We have designed Barracuda to be able to range across a series of targets — from ground-based targets to maritime targets to others." Anduril did not immediately respond to a request for comment sent outside regular business hours by Business Insider.

Persons: —, Anduril, Chris Brose, DefenseScoop, Diem Salmon, Salmon, Palmer Luckey, hyperscale, Brose Organizations: Service, Barracuda, Business, Pentagon, US Air Force, Enterprise, Oculus Locations: China, Russia, America

☆ AI is unlocking new uses for military drones, boosting demand for these companies
▼ + stars: | 2024-08-18 | by ( Pia Singh | In | ) www.cnbc.com time to read: +8 min

We're approaching a new era of defense, one that will use AI-enabled military drones that can run without a human operator. According to BTIG, the DoD requested $5.3 billion in fiscal year 2025 for unmanned systems, most of which is directed at procurement programs. The firm forecasts the DoD's entire unmanned funding requests to grow at a 9.5% compound annual growth rate through fiscal year 2029. General Dynamics is another of Madrid's buy-rated stock in the unmanned systems arena. Strong demand of its defense products, including ammo and ground vehicles, also indicate earnings growth potential, the analyst added.

Persons: Andre Madrid, BTIG, spender, They've, Stocks, Northrop, Lockheed Martin, Morgan Stanley, Kristine Liwag, Liwag, Northrop Grumman, Madrid, Northrop's, It's, Atomics, You've, they've, Kratos, Morgan Stanley's Liwag Organizations: U.S . Department of Defense, DoD, Aircraft, Air, U.S . Navy, U.S . Air Force, Pentagon, CCA, Department of Defense, Dynamics, Kratos Defense, Security Solutions, Northrop Grumman, Lockheed, Air Force, Raider, Defense, Northrop, Boeing, FactSet, General Dynamics, U.S . Army Locations: Nagorno, Karabakh, Ukraine, Madrid, France

☆ Anduril Chairman talks funding its Arsenal-1 factory and latest fundraising round
▼ + stars: | 2024-08-14 | 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 Chairman talks funding its Arsenal-1 factory and latest fundraising roundTrae Stephens, Anduril Industries co-founder & chairman, Founders Fund Partner, joins 'Closing Bell Overtime' to talk its latest fundraising round, expanding its supply chain, and more.

Persons: Trae Stephens Organizations: Arsenal, Anduril Industries, Fund

☆ Sequoia's Michael Moritz says Trump's Silicon Valley supporters are making a 'big mistake'
▼ + stars: | 2024-08-05 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Read previewWhile some Silicon Valley investors and startup leaders are going red hoping for a more "tech-friendly" White House, Michael Moritz, a storied Sequoia Capital investor, believes that does not reflect the Valley overall. "Fortunately, at least in Silicon Valley, Trump will not prevail," Moritz wrote in a Financial Times opinion piece, which was also posted on LinkedIn. Like the rest of the nation, Silicon Valley is deeply divided over whom to support in the upcoming presidential race. In his piece, Moritz chided Trump supporters in Silicon Valley. Moritz added that Trump had historically not performed well among Silicon Valley voters.

Persons: —, Michael Moritz, Trump, Moritz, Kamala Harris, Donald Trump, Doug Leone, Shaun Maguire, Roelof Botha, Andreessen Horowitz, Marc Andreessen, Ben Horowitz, Fund's Peter Thiel, David Sacks, Chamath, Vance, Sen, JD Vance, Palmer Luckey, Elon Musk, VCs, Kamala, Harris, Vinod Khosla, Reid Hoffman, Mark Cuban, Ron Conway Organizations: Service, Sequoia Capital, LinkedIn, Business, Google, PayPal, Democratic, Republican, Tech, Trump, VR, Bloomberg, PAC, Street Journal, Netflix, Harris, Politico Locations: Silicon Valley, Sequoia, Park City , Utah, Silicon, Palo Alto , California, Newport Beach , California, Washington ,, Francisco, San Jose

☆ Opinion | The Far Right Doesn’t Own ‘The Lord of the Rings’
▼ + stars: | 2024-08-01 | by ( David French | ) www.nytimes.com time to read: +1 min

Tolkien and “The Lord of the Rings.”These days, however, Tolkien isn’t just relevant to nerd world. Critical factions of the new right at home and the far right in Europe have latched on to Tolkien’s work. By “new right” I mean the post-Reagan right, a movement that embraces state power as a means of fighting and winning the culture war. But they’re getting Tolkien wrong, and the way in which they are getting Tolkien wrong matters for all of us. Last month, Politico’s Adam Wren wrote an extended analysis of the way that the “Lord of the Rings” trilogy shaped JD Vance.

Persons: Tolkien, Reagan, they’re, Politico’s Adam Wren, Vance, “, ” Vance, Peter Thiel, Nancy Organizations: “ Star, Anduril Industries Locations: Europe

☆ Why Silicon Valley Is Going to War Against the Media, Journalists
▼ + stars: | 2024-07-30 | by ( ) www.businessinsider.com time to read: +21 min

Just 20 years ago journalists covered the tech industry "like it didn't matter, like it was this hobbyist, interesting, plucky thing." The pro-tech media gives tech's main characters the chance to write their way back to the original storyline. Trae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Related storiesTrae Stephens, a partner at Founders Fund, described Pirate Wires as a kind of daily affirmation for Silicon Valley. Of the members of the news media I talked to about pro-tech media, some were backhandedly laudatory.

Persons: Mike Solana, Solana, Peter Thiel, —, David Sacks, Jason Calacanis, Chamath Palihapitiya, David Friedberg, Elon Musk, Sam Altman, Tucker Carlson, Donald Trump, There's, Coogan, John Coogan, Andreessen Horowitz, Marc Andreessen, they're, Balaji Srinivasan, Mark Zuckerberg, Donald Trump's, Tyler Le, Sam Bankman, Warren Buffett, Trae Stephens, Andreessen, Palmer Luckey, It's, Dick Lucas, Lucas, Joe Rogan, Kamala, Stephens, Packy McCormick, Taylor Lorenz, Ryan Mac, Kevin Roose, Jesse Singal —, Casey Newton, Casey isn't, Casey, Newton, Erik Torenberg, Anthony Fauci, Ellen Pao, Katherine Maher, George Soros, Joe Biden, Chesa Boudin, Boudin, Gavin Newsom, Palihapitiya, Sacks, Trump, JD Vance, Brian Merchant, Ben Smith, Eric Newcomer, he's, Lulu Cheng Meservey, Balaji Srinivasan's, Zoë Bernard Organizations: Fund, Tech, Founders Fund, Apple, Elon, Elite, Sequoia Capital, Pirate, Penguin Group, Big Tech, Card Industry, Washington Post, TechCrunch, Media, NPR, Google, Disney, Twitter, Republican National Convention, Bloomberg, monetization, San, Business Locations: San Francisco, Substack, Silicon Valley, New York, Silicon, Solana, Miami, Francisco, California, Los Angeles

☆ See the XQ-67A combat drone's first flight as the US Air Force works to build its fleet of manned and AI-piloted aircraft
▼ + stars: | 2024-07-11 | by ( Hope Seck | Sandboxx News | ) www.businessinsider.com time to read: +7 min

It's been an eventful few months for the XQ-67A and the Air Force's efforts to create a fleet of low-cost, high-tech autonomy-capable aircraft that can network with and support manned fighters in the air. Air Force Research Laboratory/DVIDsThe new angles highlighted in the short video underscore the unique design of this prospective fighter jet teammate. The Air Force plans to fast-track production of the first 100 collaborative combat aircraft, delivering them to the fleet by 2029. AdvertisementThe Air Force hopes CCA won't just augment or modernize air warfare — but transform it entirely. Air Force Research Laboratory/DVIDsCCA, the paper's authors write, could help disrupt China's preferred way of fighting and deny the country an assured victory, if employed correctly to multiply capabilities.

Persons: Atomics Gray, It's, Atomics, Mike Atwood, Kratos, Frank Kendall, China's Organizations: Service, US Air Force, Atomics Aeronautical Systems, Air, Air Force, ASI, USAF, Air Force Research, and Space Forces Magazine, Cessna, CCA, Atomics, Marine Corps, Collaborative, Attritable Aircraft Technologies, The Air Force, Force, Mitchell Institute for Aerospace Studies Locations: Atomics Gray Butte, Palmdale , CA, OBSS, China

☆ Welcome to the new Fightertown USA: Inside San Diego's AI-powered unmanned aircraft boom
▼ + stars: | 2024-07-10 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +12 min

But the program has since moved to another station, and its legacy in San Diego is a faint, fond memory. AdvertisementWith such a rich history of aerial dynamism, it's no surprise that San Diego has become a major hub of this technology. Defense, AI, and a warming reception from VCsLong before AI became a household buzzword, Shield AI launched in San Diego. AdvertisementBut San Diego seemed to be a better fit with its access to open land and proximity to the ocean. That pipeline continues to feed into the San Diego tech ecosystem, feeding and driving the aerial innovation it has become known for over a century.

Persons: —, Tom Cruise, Larsen Jensen, Palmer Luckey's Anduril, Brandon Tseng, VCs Long, Tseng, Ryan, presciently, Hivemind, It's, shouldn't, Jensen, Ian Muceus, Muceus, we've, Firestorm's, Firestorm, Glenn Curtiss, Grant Jordan, Andreessen Horowitz, — Jordan, Jordan, SkySafe, Tim Draper, Aleksey Matyushev, Matyushev, Oakland — Natilus, Natilus, General Atomics, Northrop Grumman, Lockheed Martin Organizations: Service, Kawasaki Ninja, hotshot Navy, US Naval Air Station, Business, Navy, Harpoon Ventures, Defense, aha, Navy SEAL, US Department of Defense, Coast Guard, Air Force, Marine Corps, BAT, SpaceX, Marque Ventures, Silent Ventures, US Navy, Soma, Oakland, San Diego International Airport, Brown Field Municipal, Northrop, Lockheed Locations: San Diego, Miramar, Diego's, Diego, Afghanistan, Persian, Israel, Caribbean, Bay, San Diego Bay, West, San Jose, San Francisco, Central Valley, Vallejo, Kona

☆ VCs clamor to invest in the red-hot early-stage round for AI safety startup Haize Labs
▼ + stars: | 2024-06-29 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +4 min

Read previewHaize Labs, an AI safety startup, is raising an early-stage round that investors are clamoring to invest in, Business Insider has learned. However, for hot startups, there can be more investor demand than a startup can accommodate, as with Haize Labs' round. One source indicated that Haize Labs received term sheets with valuations ranging from $30 million to over $100 million. Haize Labs is building automated red-teaming and stress-testing algorithms to identify risks in AI models and agents. AI safety has increasingly become a concern, especially as AI usage increases among both consumers and enterprises.

Persons: —, Leonard Tang, VentureBeat, OpenAI, Sama, Steve Li, Richard Liu, Tang Organizations: Service, Business, Haize, Haize Labs, Soma, Google, Netflix, Harvard, Carnegie Mellon, Washington Post

☆ Taiwan to acquire more than 1,000 armed drones in new US arms sale
▼ + stars: | 2024-06-19 | by ( Brad Lendon | ) edition.cnn.com time to read: +4 min

The United States has approved the $360 million sale of more than 1,000 small armed drones to Taiwan, as the self-ruled island claimed by China aims to strengthen its asymmetrical warfare abilities with an eye on successful tactics used on the battlefield in Ukraine. The proposed sale comes as China increases military pressure on Taiwan, with extensive military exercises around it and almost daily warplane flights near the island. In a statement Wednesday, Taiwan’s presidential office thanked the US for its security commitments, adding this was the Biden administration’s 15th weapons sale to the island since 2021. That includes $6.1 billion in asymmetrical weapon systems, including Harpoon missiles, PAC-3 missile interceptors and MQ-9B aerial drones, Cato said. Many analysts have urged Taiwan to pursue more asymmetrical weapons, which they say would be harder for China to counter than conventional arms in any invasion of the island.

Persons: “, Adm, Dong Jun, ”, Wahid Nawabi, Anduril, Biden, Karen Kuo, Cato Organizations: US Defense Security Cooperation Agency, Communist Party, Taiwan Relations, Washington, Chinese Defense, “, Cato Institute, Harpoon Locations: States, Taiwan, China, Ukraine, Taipei, Beijing, Singapore, “ Taiwan, Washington

☆ Trump embarks on a fundraising juggernaut after his conviction on 34 felony counts
▼ + stars: | 2024-05-30 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

But while Trump's small-dollar donors mobilize amid new Trump campaign ads labeling the former president a "political prisoner," Trump himself is gearing up to raise big money from wealthy Republicans. Trump campaign aides said late Thursday that it was unclear exactly how much the campaign had raised that day from small-dollar donors, but it was enough that the campaign's donation website crashed intermittently. Banks, a veteran Trump ally, told CNBC that Helberg is bridging the gap between Silicon Valley, Washington, D.C., and the defense industry. "I hope he'll play a big role in President Trump's second term and I look forward to seeing him in Milwaukee," Banks said. Helberg recently told The Washington Post that he gave $1 million in support of Trump after years of backing Democrats.

Persons: David Sacks, Chamath, Trump, Donald Trump, Joe Biden's, Barack Obama, Bill Clinton, Biden, Jacob Helberg, Alex Karp, Helberg, Palmer Luckey, Tommy Tuberville, Bill Hagerty, Jim Banks, Banks, Trump's, Hagerty Organizations: CNBC, Trump, Republicans, Hamptons, Republican, Madison, Republican National Convention, Garden, MSG, Radio City Music, NBC News, Democratic Party, Anduril Industries, D.C, Press, Anduril, Republican National Committee, Washington Post, Biden, Fund, Commission, America Locations: San Francisco, Texas, California, New York, New York City, Manhattan, Milwaukee, Sens, Ohio, Silicon Valley , Washington, United States, China, Israel

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