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☆ 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

☆ Creator of Meta's Oculus VR says Apple's rival mixed-reality headset is 'so good'
▼ + stars: | 2023-05-15 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Oculus VR cofounder Palmer Luckey was full of praise for Apple's mixed-reality headset. Apple has been quiet on its next big thing at a time when its rivals are shifting to focus on AI. The original designer of Meta's VR offering, Oculus, says Apple's much-rumored rival metaverse headset is "so good." Oculus was acquired in 2014 by Facebook before the social-media company changed its corporate name to Meta. Apple has remained relatively quiet on AI by comparison, with Tim Cook emphasizing the need to be "deliberate and thoughtful."

☆ 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.

☆ Defense start-up Anduril raises $1.48B in funding despite macro backdrop
▼ + stars: | 2022-12-02 | 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 EmailDefense start-up Anduril raises $1.48B in funding despite macro backdropPalmer Lucky, Oculus VR founder, joins 'TechCheck' to discuss what defense startup Anduril's most recent funding round allows the company to do now, how quickly the company's products can be deployed in Ukraine and more.

☆ 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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