Last month, the Pentagon invited 25 drone manufacturers to participate in a competition to win a $150 million prototype order.
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Anthropic is insisting that its AI shouldn’t be used for surveillance or the development of automated weapons.
European investors are the single-largest foreign holders of US treasuries and equities by far, holding $8 trillion in assets.
Anduril was last valued at $30 billion in June, when its $2.5 billion fundraising round was oversubscribed eight times.
Peace deal or no peace deal, the war in Ukraine is motivating governments on the continent to upgrade their defensive capacity.
The company has been one of the top beneficiaries of Trump administration policies, with US revenue climbing 68% year-over-year in Q2.
Army Secretary Daniel Driscoll has promised to adopt a “Silicon Valley approach” to deploy new weapons faster and expedite upgrades.
In July, JPMorgan joined with Goldman Sachs to lend $1 billion to MP Materials, the largest rare earth producer in the US.
The Department of Defense is trying to counter increasingly savvy Chinese military research and development.
ETFs targeting the sector are riding high this year due to sustained conflicts in Europe and the Middle East.
NATO chief Mark Rutte said last week that the new defense 5% of GDP spending target amounts to a “quantum leap.”
ETFs with exposure to shipping and defense have largely held strong despite a series of Israeli missile strikes against Iran.
“It is a technology that is emerging worldwide.”
Future battlefields will be shaped by AI weapons that defense firms and Big Tech are vying to build for the military. Guardrails are lagging.
Three titans of the US defense industry — Lockheed Martin, RTX, and Northrop Grumman — signalled tariffs are going to be bad for business.
Funds that invest in “morally questionable” industries are doing better than others amid market volatility this year.