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Palmer Luckey’s insistence on deferring to U.S. could scare off the allies he wants to arm?

Ravi Singh3 days ago012 mins

Palmer Luckey is clear when asked whether he would sell weapons to North Korea. “If the U.S. asks me to, yes.” Anduril, the defense-technology startup Luckey founded in 2017 after his politically charged departure from Facebook, could be set for a $60 billion valuation. The company is riding a record surge in global defense spending…

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Shield AI projecting more than $540M revenue this year as valuation more than doubles to $12.7B

Ravi Singh5 days ago03 mins

Global conflicts are awakening governments—and investors—to the importance of modernizing military forces, says Brandon Tseng, the cofounder and president of ShieldAI, a maker of AI-powered drones that announced Thursday that it had raised $1.5 billion in Series G funding at a $12.7 billion valuation. The new funding more than doubles the valuation of the San…