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☆ Billionaire defense entrepreneur Palmer Luckey has a home like a Bond villain's lair — complete with helicopters, a giant fish tank, and an underground missile base filled with video games
▼ + stars: | 2024-05-19 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

Palmer Luckey's startup Anduril is producing futuristic weapons of war. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe defense tech startup Anduril is making some of the most futuristic autonomous weapons on the market as it tries to reinvent the military's wheelhouse. But the company's forward-thinking vision hasn't stopped founder Palmer Luckey from amassing his own collection of older military-grade vehicles and boy's toys.

Persons: Palmer, James Bond, Luckey, —, hasn't, Palmer Luckey Organizations: Bloomberg, Service, US Navy, Marine Corps, Business

☆ Putin wouldn't have invaded Ukraine when he did if he'd had AI tools, says Anduril founder Palmer Luckey
▼ + stars: | 2024-05-16 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

Anduril founder Palmer Luckey believes the technology will lead to better decision-making and fewer blunders. Putin wouldn't have invaded Ukraine when he did if AI had helped him strategize, Luckey told Bloomberg. But Anduril founder Palmer Luckey believes the technology will improve war for everyone. "AI is going to be a tool to put all the cards on the table for everyone," Luckey told Bloomberg's Emily Chang in the latest episode of "The Circuit." "My hope is that you're going to have dictators who make better decisions because even they have better information from AI."

Persons: Palmer Luckey, Putin wouldn't, strategize, Luckey, —, Emily Chang Organizations: Bloomberg, Service, Business Locations: Ukraine

☆ Low-cost, high-volume, smarter systems will determine success in warfare moving forward: Anduril CEO
▼ + stars: | 2024-05-14 | 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 EmailLow-cost, high-volume, smarter systems will determine success in warfare moving forward: Anduril CEOBrian Schimpf, Anduril CEO, joins 'Closing Bell Overtime' to talk making the CNBC Disruptor 50 list, autonomous defense tech, working with the U.S. military, integrating AI into warfare and defense, and much more.

Persons: Brian Schimpf Organizations: CNBC, U.S .

☆ 2. Anduril Industries
▼ + stars: | 2024-05-14 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

As the U.S. military modernizes and new aerial threats have defined recent wars, defense technology company Anduril Industries is getting ahead with a tech-smart, Silicon Valley approach in selling to the Pentagon, recently introducing several new AI-powered drones, and supplying Ukraine. Anduril has emerged as a disruptor to traditional contractors such as Lockheed Martin, Raytheon and Northrop Grumman and a competitor to several defense unicorns such as Shield AI and Epirus. The company is getting ahead in the defense sector by proactively financing its own research and product development, and then making sales — a departure from the standard military contract-and-then-build process. Loaded with venture capital funding from major investors Andreessen Horowitz, Founders Fund and General Catalyst, Anduril is on a fast track. Last year, Anduril launched several new drones that rely on its Lattice AI-powered command and control software used by the U.S. military and allies to direct human-assisted robotics systems to perform complex missions.

Persons: Anduril, Lockheed Martin, Northrop Grumman, Palmer Luckey, Brian Schmipf, Andreessen Horowitz, Catalyst Organizations: Anduril Industries, Pentagon, Lockheed, Raytheon, Northrop, VR, Facebook, Founders Fund, U.S . Locations: Ukraine

☆ Australia and US unveil undersea drones Ghost Shark and Manta Ray
▼ + stars: | 2024-05-13 | by ( Brad Lendon | ) edition.cnn.com time to read: +7 min

Seoul, South Korea CNN —Ghost Shark and Manta Ray protect the undersea realm. Ghost Shark and Manta Ray are the names of prototype uncrewed underwater vehicles – UUVs or drones – introduced recently by Australia and the United States respectively. But when Australia unveiled Ghost Shark last month, it called the prototypes “the most advanced undersea autonomous vehicles in the world.”The first Ghost Shark prototype, "Alpha," was co-developed by the Defence Science and Technology Group, Navy and Anduril Australia. Like the Orca, the Manta Ray hasn’t come together as quickly as Ghost Shark. Its program began in 2020 and DARPA didn’t give a goal for the Manta Ray – or some variant of it – to join the US fleet.

Persons: Ray, Manta Ray, Rodney Braithwaite, ” Shane Arnott, Anduril’s, ”, Tanya Monro, Emma Salisbury, “, ” Salisbury, Chris Brose, Northrop, Manta, Northrop Grumman, ” Kyle Woerner, Kyle Woerner, Manta Ray hasn’t, Manta Ray –, –, Salisbury, Sutton Organizations: South Korea CNN, Marvel, Defence Science, Technology Group, Navy, Anduril, Government Defence, Australian Defense Ministry, “, US Navy, Boeing, Pentagon, Advanced Research Products Agency, DARPA, Research Projects Agency, Northrop Grumman, Manta, Defense, Research, Agency, US, U.S . Navy Locations: Seoul, South Korea, Australia, United States, Iraq, Afghanistan, Ukraine, Kyiv, Swiss, Anduril Australia, Geostrategy, Southern California, Maryland, California, China, UUVs, Beijing, Canada, France, India, Iran, Israel, North Korea, Norway, Russia, United Kingdom, Sutton

☆ 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 Founder Palmer Luckey talks developing unmanned autonomous fighter jets for U.S. Air Force
▼ + stars: | 2024-04-25 | 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 Founder Palmer Luckey talks developing unmanned autonomous fighter jets for U.S. Air ForceHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Palmer Luckey, Brian Sullivan, “ Organizations: . Air Force, CNBC

☆ A former Facebook exec said he regrets not defending ousted Oculus cofounder Palmer Luckey from a 'witch hunt.' Drama ensued.
▼ + stars: | 2024-04-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

A key former Facebook exec has reignited discussion of Oculus founder Palmer Luckey's 2016 firing. Former Oculus CTO and ex-Meta VR exec John Carmack said on X that he regrets not defending Luckey. Carmack and Luckey joined Facebook after it acquired Oculus, the VR company founded by Luckey in 2012, for $2 billion in 2014. "The culture has changed a lot since you left (internal discussions have to be work focused)," Bosworth replied on X. Business Insider reached out to representatives of Bosworth, Carmack, and Luckey but didn't receive an immediate response.

Persons: Palmer, John Carmack, Andrew Bosworth, Luckey, —, Palmer Luckey —, Carmack, Hillary Clinton, @PalmerLuckey, OTXBBnkK0p — John Carmack, Donald Trump, Clinton, he's, Carmack —, Bosworth, Meta, Forbes, wasn't, I'm Organizations: Facebook, Meta, Service, VR, Wall Street, Business Locations: California

☆ Palmer Luckey says Anduril is working on AI weapons that 'give us the ability to swiftly win any war'
▼ + stars: | 2024-03-28 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

Palmer Luckey says his defense tech startup is working on weapons that could change warfare. As AI-powered weapons advance, deterrence is key to national security, Luckey told the Financial Times. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Silicon Valley defense tech startup is working on products that could have as great an impact on warfare as the atomic bomb, its founder Palmer Luckey said. "We want to build the capabilities that give us the ability to swiftly win any war we are forced to enter," he told the Financial Times.

Persons: Palmer Luckey, Anduril, Luckey, — Organizations: Financial Times, Service, Business

☆ This defense-tech startup bootstrapped its way to nearly $30 million in revenue. Now, it has another $35 million from Sapphire Ventures.
▼ + stars: | 2024-03-07 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

Now, Defense Unicorns, a startup that creates open-source software for national security systems, has announced it raised $35 million in a round of funding led by Sapphire Ventures and Ansa Capital. The world of open-source software for the military is small, making the opportunity much greater. TestifySec, a tiny startup building open-source software for the Department of Homeland Security, raised a $6 million seed round last fall. This year, Defense Unicorns says it will use the initial round of funding to go on a hiring spree. Defense Unicorns will compete for talent in artificial intelligence with tons of other startups.

Persons: —, Jai Das, Rob Slaughter, Das, siphoning, Slaughter, it's, Lockheed Martin Organizations: Service, Sapphire Ventures, Unicorns, Business, Defense Unicorns, Ansa, Department of Defense, Air Force, Lockheed, Department of Homeland Security Locations: Chicago

☆ 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

☆ Has the LA scene fizzled? SoCal has fallen further behind the Bay Area, NYC and Boston for startup funding: 'People deep in AI are just not in LA'
▼ + stars: | 2024-01-23 | by ( Ben Bergman | ) www.businessinsider.com time to read: +8 min

But last year, the LA tech scene stalled, according to Carta data. Startup funding plummeted everywhere, but nowhere experienced a steeper decline than LA, where funding declined 65% from 2022. CartaLA's startup funding dropped 65% last year, a steeper decline than the Bay Area, New York or Boston. "They're very deep AI companies, but they're being applied to a vertical, which is one of the strengths of LA," Ingersoll said. Bird goes bust and Snap snaps backThere was more bad news for LA's startup scene in 2023 than just the dismal funding numbers.

Persons: Ethan Aldrich, Aldrich, there's, Andreessen Horowitz, a16z, Katia Ameri, Ameri, VCs, Nikita Bier, Bier, Mark Suster, Suster, LA's, we're, Palmer Luckey, Minnie Ingersoll, Ingersoll, Bird, Zillow, Spencer Rascoff, Evan Spiegel ERIC PIERMONT, Ishan Singh, Singh Organizations: Stanford, Business, Lightspeed Venture Partners, Coatue Management, LA Tech, LA, Carta, Honest Company, New, Boston, Microsoft, Clark, SpaceX Locations: Santa Monica, Southern California, LA, Santa, Hayes, San Francisco, Los Angeles, San Francisco and New York, New York, Boston, Carta, San Diego, Seattle, Hawthorne , CA, Costa, Bay

☆ 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

Many countries are working on them — and neither China, Russia, Iran, India or Pakistan have signed a U.S.-initiated pledge to use military AI responsibly. Another AI project at Space Force analyzes radar data to detect imminent adversary missile launches, he said. One urgent challenge, says Jane Pinelis, chief AI engineer at Johns Hopkins University’s Applied Physics Lab and former chief of AI assurance in Martell’s office, is recruiting and retaining the talent needed to test AI tech. Testing and evaluation standards are also immature, a recent National Academy of Sciences report on Air Force AI highlighted. Might that mean the U.S. one day fielding under duress autonomous weapons that don’t fully pass muster?

Persons: —, Replicator —, Kathleen Hicks, ”, Gregory Allen, we’ve, Missy Cummings, George Mason, Lisa Costa, Wallace ‘ Rhet ’ Turnbull, Tom Siebel, Matt Visser, Palantir, Jack Shanahan, Maven, Mark Milley, Christian Brose, Paul Scharre, ” Anduril, Nathan Michael, Michael, Shanahan, Craig Martell, Martell, Jane Pinelis, “ Organizations: U.S ., Russia, Air Force, China, Pentagon, Department of Defense, Center for Strategic, International Studies, Navy, ” U.S . Space Force, Space Force, Space Systems Command, Blackhawk, ., U.S . Missile Defense Agency, Defense Counterintelligence, Security Agency, Third Infantry Division, NATO, Maven, National Geospatial - Intelligence Agency, U.S . Special Operations, ISIS, Command, Control, Chiefs, Armed Services Committee, U.S, Marines, Special Forces, Industry, BAT, Marine Expeditionary, Pentagon AI, LinkedIn, Johns Hopkins, Lab, National Academy of Sciences Locations: Md, Ukraine, U.S, China, Russia, Iran, India, Pakistan, ” U.S, Silicon Valley

☆ Billionaire FBI informant Peter Thiel dished about two Kremlin invites to private Putin meetings
▼ + stars: | 2023-11-10 | by ( Mattathias Schwartz | Hans-Martin Tillack | ) www.businessinsider.com time to read: +18 min

It was Angermayer who introduced Bisslinger to Thiel at the party, Thiel would later tell the FBI. After some small talk, Bisslinger made a pitch to Thiel: Thiel should travel to Russia to attend the St. Petersburg International Economic Forum. If Thiel chose to attend, Bisslinger said, Bisslinger would arrange for him to meet privately with Putin. "Even if Mr. Angermayer did introduce Mr. Thiel and Mr. Bisslinger," the lawyers wrote in another letter, "Mr. Angermayer is not—and cannot be—responsible for whatever Mr. Bisslinger and Mr. Thiel may or may not have discussed." At his 40th birthday, he connected Peter Thiel with a Russian diplomat, Thiel later told the FBI.

Persons: Peter Thiel, Christian Angermayer, Thiel, Daniil Bisslinger, Bisslinger, Vladimir Putin's, Angermayer, Putin, Maksim Konstantinov, —, Frank Figliuzzi, Vladimir Putin, — Charles Johnson —, Johnathan Buma, Johnson, Welt, Dmitry Peskov, John Lamparski, Donald Trump, — Thiel, Der Spiegel, he'd, Elon Musk, Musk, Thiel —, he's, Palantir, He's, Uma Thurman, Robbie Williams, Queen Latifah, Paul Kagame, Dan McCrum, John Kerry, Richard Grenell, Kerry, Sensei Biotherapeutics, Trump, Dmitry Medvedev, Medvedev, Maureen Dowd, Alexander Schütz, Eva Schütz, Schütz, — Heinz, Christian Strache, Markus Braun, Jan Marsalek, Marsalek, Caroline Haskins, Katherine Long, Jack Newsham, Mattathias Schwartz, Hans, Martin Tillack Organizations: Kremlin, Tech, Pentagon, CIA, Facebook, SpaceX, Kremlin's Ministry of Foreign Affairs, Russian Embassy, Thiel, St ., Economic, Getty, FBI, Atlantic, Bisslinger, Germany, Elon, Russia, NSA, US Special Operations Command, National Health Service, Apeiron Investment, Munich Security, intel, Trump, State Department, Angermayer's, PayPal, Nasdaq, Sciences, The New York Times, Deutsche Bank, Welt Locations: Silicon Valley, Schloss Neuwaldegg, Vienna, Silicon, Moscow, Russian, Berlin, Russia, St, St . Petersburg, Petersburg, Ukraine, Europe, Germany, NATO, Crimea, Ukrainian, Sevastopol, Palantir, Washington, Rwanda, Baltic, Belarus, Iran, Angermayer's Malta, Munich, China, China's, Austrian, Austria, Exxpress, Wirecard, schwartz79@protonmail.com

☆ Founders Fund backed Jennifer Campbell's startup before she sold it to Coinbase for millions. Now she's looking to 'harpoon' a startup 'whale' as the firm's newest partner.
▼ + stars: | 2023-10-26 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

Jennifer Campbell left Coinbase to become a partner at Founders Fund. Before Founders Fund, Campbell built and sold a crypto prime brokerage startup. Before Campbell invested at Founders Fund, she got funded by them. Before long, she caught the attention of several funds, including her former backers at Founders Fund, circling the same deals. AdvertisementAdvertisement"I felt like I always knew I wanted to come back to Founders Fund," Campbell said.

Persons: Jennifer Campbell, Coinbase, Campbell, —, let's, Fund's, Erin Gleason Organizations: Founders Fund, Fund, Service, SpaceX, Quiet Locations: San Francisco's Presidio, Coinbase, OpenAI

There are a lot of misconceptions about living in Alaska, and Trevor Barrett has heard them all. One of the best things about living in Alaska is the quiet life, the privacy and the summers." "I was raised with hunting and fishing and hiking and camping and all the specific and unique Alaska things," he says. Trevor Barrett with a replication of Andúril from J.R.R. Trevor Barrett and his family live in Haines, Alaska.

Persons: Trevor Barrett, Trevor, Larissa, Trevor Barrett Trevor, Samuel, Nika, Haines, you've, Alex Stock, Barrett Knives, Barrett, he's Organizations: CNBC, Netflix, YouTube, YouTube Investments, Google, Barrett, Larissa Locations: Alaska, Haines, British Columbia, Anchorage, Connecticut, Alaska One, Kenai, U.S, Larissa, Juneau , Alaska, J.R.R, Haines , Alaska

"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

"I think the potential for unintended harm from the use of AI exists in any federal agency and in any use of AI," said DHS Chief Information Officer Eric Hysen. And when we interact with people, it can be during some of the most critical times of their lives." Historically, academics have flagged the dangers of AI regarding racial profiling and because it can still make errors while identifying relationships in complex data. The guidelines will also require that facial recognition matches discovered using AI technology be manually reviewed by human analysts to ensure their accuracy, according to a new directive that the agency plans to release alongside the AI memo later on Thursday. Another area where DHS has already uses AI technology extensively is on the southern border, where the agency has deployed more than 200 surveillance cameras, said Hysen.

Persons: Marco Bello, Alejandro Mayorkas, Eric Hysen, Hysen, Alexandra Alper, Christopher Bing, Chizu Organizations: U.S . Department of Homeland Security, REUTERS, Rights, Department of Homeland Security, Customs, Border Patrol, DHS, Thomson Locations: Mexico, U.S, Del Rio , Texas, California's San Isidro Port

☆ 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

☆ In U.S.-China AI contest, the race is on to deploy killer robots
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +26 min

In this high-tech contest, seizing the upper hand across fields including AI and autonomous weapons, like Ghost Shark, could determine who comes out on top. This could become critical if the United States intervened against an assault by Beijing on Taiwan. Cheap and expendableThe AI military sector is dominated by software, an industry where change comes fast. Still, the available disclosures of spending on AI military research do show that outlays on AI and machine learning grew sharply in the decade from 2010. The Costa-Mesa, California-based company now employs more than 1,800 staff in the United States, the United Kingdom and Australia.

Persons: America’s, Shane Arnott, Anduril, ” Arnott, Arnott, ”, “, Mick Ryan, Eric Schmidt, hasn’t, Lloyd Austin, –, Stuart Russell, Russell, Kathleen Hicks, “ We’ll, Palmer Luckey, Luckey, ” Arnott didn’t, Biden, Tsai Ing, Frank Kendall, Datenna, Martijn Rasser, Feng Yanghe, Feng, Palmer, ” Anduril, Arnott wouldn’t, David Lague, Edgar Su, Catherine Tai, Peter Hirschberg Organizations: Australian Navy, Ghost Sharks, Sharks, Reuters, Defense, Australian, Chinese Communist Party, Beijing, People’s Liberation Army, PLA, Department of Defense, Pentagon, Australia’s Department of Defence, Australian Defence Force, Technologists, University of California, U.S ., U.S, Teledyne FLIR, Facebook, VR, Military, . Air Force, FH, U.S . Central Intelligence Agency, Department, Statistics, Harvard University, Biden Administration, Special, Command, Ministry of Defense, Veteran Locations: China, Australia, United States, Sydney, Britain, Japan, Singapore, South Korea, Europe, Asia, Ukraine, ”, America, U.S, Taiwan, East Asia, Beijing, Russian, Berkeley, Fort Campbell , Tennessee, Kenya, “, Russia, Colorado, Zhuhai, Netherlands, Costa, Mesa , California, United Kingdom, Virginia, Canberra, Washington

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

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