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Palmer Luckey and other defense tech leaders see Trump's victory as a win for the industry

Business Insider

Business Insider · 9m ago

Palmer Luckey and other defense tech leaders see Trump's victory as a win for the industry

Defense tech startups like Anduril are expecting growth during Trump's second term. Under Trump's first administration, Anduril secured government contracts and its latest AI-powered drone, the Bolt-M, has generated further interest in the industry. The defense tech industry is optimistic about Trump's victory due to SpaceX founder Elon Musk's proximity to the President-elect and potential defense acquisition reforms. Defense tech leaders also anticipate the potential elimination of "cost plus" contracts, which could benefit the industry. Despite his personal support for Trump, Anduril's founder Palmer Luckey believes the defense industry remains nonpartisan and focused on national security.

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With Donald Trump win, Silicon Valley's right flank takes on Washington

Economic Times

Economic Times · 7m ago

With Donald Trump win, Silicon Valley's right flank takes on Washington

With Donald Trump's second administration focusing on technology, several influential yet lesser-known tech figures are emerging. David Sacks, Trump's AI and Crypto Czar, advocates for cryptocurrency deregulation. Peter Thiel, a long-time conservative force in Silicon Valley, influences through defense investments. Marc Andreessen, a former Democrat, now supports Trump due to frustrations with strict regulations. Lastly, Palmer Luckey, known for his virtual reality company Oculus, contributes to military tech through his venture, Anduril Industries.

Palmer Luckey says Anduril is working on AI weapons that 'give us the ability to swiftly win any war'

Business Insider

Business Insider · 1y ago

Palmer Luckey says Anduril is working on AI weapons that 'give us the ability to swiftly win any war'

Palmer Luckey, the founder of defense tech startup Anduril, claims that his company's products could have a similar impact on warfare as the atomic bomb. Anduril, which has contracts with various defense agencies, develops autonomous AI-driven systems for military use. Luckey believes that the speed and low cost of these systems make them crucial for military deterrence in the modern age, as they demonstrate the capability to inflict damage without risking human lives. Anduril's success has given hope to smaller players aiming to enter the defense sector.

Tech bros are betting they can help win a war with China

Livemint

Livemint · 1y ago

Tech bros are betting they can help win a war with China

Anduril Industries, a defense company founded by Palmer Luckey, has raised $3.7 billion in venture funding since its establishment in 2017. The company aims to compete with traditional weapons manufacturers like Lockheed Martin and Northrop Grumman by developing autonomous weapons such as drones and uncrewed submarines. The focus on these types of weapons is seen as necessary to counter China, which the Pentagon identifies as the greatest threat to US security. Anduril is part of a growing trend of venture-capital investment in defense-technology startups seeking to revolutionize the defense sector.

Tech Billionaires Back Erebor in the Wake of Silicon Valley Bank Collapse

Wired · 1m ago

Tech Billionaires Back Erebor in the Wake of Silicon Valley Bank Collapse

Palmer Luckey and Joe Lonsdale are investing in Erebor Bank to fill the void left by Silicon Valley Bank’s collapse, focusing on startups in crypto, AI, and defense. Backed by $250 million from various investors, Erebor aims to become a leader in regulated stablecoin transactions, offering crypto loans and targeting clients underserved by traditional banks. The initiative aligns with deregulation efforts under the Trump administration, expediting new bank charters amid potential regulatory scrutiny and industry competition.

In a victory for Palmer Luckey, Meta and Anduril work on mixed reality headsets for the military | TechCrunch

TechCrunch · 3m ago

In a victory for Palmer Luckey, Meta and Anduril work on mixed reality headsets for the military | TechCrunch

Anduril and Meta are collaborating to create extended reality (XR) devices for the U.S. military. This partnership, linked to the Soldier Borne Mission Command (SBMC) Next program, involves using Meta's AR/VR research and Llama AI, alongside Anduril’s Lattice software. Co-founder Palmer Luckey sees this as a reconciliation with Meta, providing soldiers with real-time battlefield intelligence. Luckey, previously ousted from Facebook, now leads Anduril in developing advanced military tech solutions.

Elon Musk’s India visit in limbo, could Donald Trump’s win boost Tesla entry into India?

Livemint

Livemint · 9m ago

Elon Musk’s India visit in limbo, could Donald Trump’s win boost Tesla entry into India?

Elon Musk's association with Donald Trump's presidential campaign led to a surge in shares of his companies, with Tesla shares rising over 15% after Trump's victory speech. Trump praised Musk as a "genius" and hinted at assigning him a role in the "Department of Government Efficiency" to cut government spending. However, it is uncertain whether Trump's win will affect Musk's attempts to enter the Indian electric vehicle market, as his visit to the country has been delayed due to Tesla's other obligations. The future relies on Trump's stance towards China and whether Musk looks for alternative options such as India.

Who is Palmer Luckey? Oculus founder's net worth; history with Meta

Business Insider

Business Insider · 1y ago

Who is Palmer Luckey? Oculus founder's net worth; history with Meta

Palmer Luckey, the founder of Oculus VR, made headlines when he sold his company to Meta for $2 billion. He later founded Anduril Industries, a defense technology startup. Despite his past affiliation with Meta, Luckey has been critical of their metaverse product. His net worth is estimated at $1.8 billion. In a blog post, he discussed modifying a VR headset to explode when the wearer loses in a video game, but clarified that it was a piece of office art. Anduril has received a $1.5 billion investment and aims to modernize the U.S. military.

Tech CEOs spent millions courting Donald Trump. It has yet to pay off.

Economic Times

Economic Times · 4m ago

Tech CEOs spent millions courting Donald Trump. It has yet to pay off.

Tech companies lavished attention and funds on Donald Trump, but have yet to see significant returns. Despite hosting events and making large donations, their efforts have not shielded them from adverse policies, including tariffs affecting Apple's supply chain and regulatory actions against major players like Meta. Tech leaders’ attempts to engage with Trump, aiming for favorable conditions, appear ineffective as antitrust pressures persist. Trump's policies continue to challenge the tech industry, impacting valuations and growth.

How Silicon Valley's influence in Washington benefits the tech elite | TechCrunch

TechCrunch · 3m ago

How Silicon Valley's influence in Washington benefits the tech elite | TechCrunch

The article highlights the growing influence of Silicon Valley billionaires like Elon Musk, Peter Thiel, Marc Andreessen, and Palmer Luckey over U.S. federal agencies since Donald Trump's presidency. Their associates have taken considerable roles within these agencies, directing significant contracts to their companies, raising conflict-of-interest concerns. This influence potentially undermines competitive policy-making and promotes business interests over public good. Such concentrated power risks prioritizing specific companies over fostering true economic competition.

Silicon Valley is officially grieving over Trump but quietly gleeful over a coming tech deal resurgence

Business Insider

Business Insider · 9m ago

Silicon Valley is officially grieving over Trump but quietly gleeful over a coming tech deal resurgence

Kamala Harris received support from several high-profile figures in Silicon Valley during her presidential campaign, but it wasn't enough to secure victory. Despite disappointment over the election result, there is cautious optimism among tech leaders who believe that the regulatory climate may soften under Trump's administration, potentially leading to increased mergers and acquisitions. The stock market's positive response and the hope of greater investment in venture capital funds could also boost the tech sector. However, there are concerns about the long-term impact of Trump's policies on the economy and society.

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