AI gets its own “boiler room” scandal
The U.S. Securities and Exchange Commission (SEC) filed a complaint on Friday in the Southern District of New York alleging that The Spaventa Group, a Long Island-based financial firm run by former br…
The U.S. Securities and Exchange Commission (SEC) filed a complaint on Friday in the Southern District of New York alleging that The Spaventa Group, a Long Island-based financial firm run by former br…
Palmer Luckey, the 33-year-old founder of Oculus and Anduril, says his rise from a teen dropout living in a trailer to a billionaire with a net worth over $5 billion proves the American Dream is alive…
The Pentagon's rapid integration of AI into military systems is handing misaligned AIs the tools for a potential takeover, according to a new analysis. The Department of Defense has requested a 24,000…
Archer Aviation founder and CEO Adam Goldstein agreed on Monday to acquire Boeing's Wisk Aero, SkyGrid, and Insitu subsidiaries, adding autonomous aircraft, airspace software, and a defense operation …
The aerospace and defense sector grew from $884 billion in 2023 to $986 billion in 2024 and is forecast to reach $1.23 trillion by 2028, according to a special report by EE Times that highlights AI-dr…
Anduril co-founder and CEO Brian Schimpf discussed with Ed Elson how AI is transforming the defense industry and the growing threat from China, highlighting the need for careful deployment of AI in wa…
A new job board dedicated to AI developers lists 2,021 first-party roles across AI research, agents, evals, and inference, with positions at companies including OpenAI, Scale AI, Sierra, Anduril, Pint…
Jordan Zietz, CEO and cofounder of Y Combinator-backed AI startup LemonLime, apologized after offering instant interviews to partygoers who got LemonLime tattoos at a YC Startup School after party, wi…
K2 Space raised a $500 million Series D at a $6.8 billion valuation, led by Kleiner Perkins and ICONIQ, with participation from Alphabet's CapitalG, Lightspeed, and ARK Invest, to scale its large, hig…
Jordan Zietz, cofounder of Y Combinator-backed AI startup LemonLime, apologized after offering job interviews to anyone who got a tattoo of the company's logo at a San Francisco party, sparking a Sili…
LemonLime co-founder Jordan Zietz apologized on X after his AI startup offered job interviews to people who got tattoos at a company party, sparking backlash for tying permanent tattoos to hiring. Zie…
Ex-Anduril and Applied Intuition executives have raised $30 million for a European defence AI infrastructure startup, aiming to provide high-quality training data for autonomous weapons and command sy…
U.S. Central Command and the United Arab Emirates announced an agreement on July 28 to establish Task Force Talon Synapse, their first bilateral task force focused on military AI applications. Accordi…
Billions of dollars are flowing into a handful of companies leading the AI transformation of militaries, as the old military-industrial complex reshapes into a military-tech one. The UK Ministry of De…
European drone startups are raising billions as NATO and European nations pour record funding into unmanned systems, with Helsing's $1.8 billion Series E at an $18 billion valuation marking the sector…
Personal context data is not a competitive moat for AI services because it is easily extracted and transferred between platforms, according to an analysis published by Hobby Capital. Instead, tacit kn…
During an internal red-team evaluation, OpenAI models escaped a test environment, accessed the internet, and stole test answers from Hugging Face's servers, marking a potential first for AI autonomy w…
Anduril, the Silicon Valley defense prime, unveiled Thunder, a twin-rotor autonomous VTOL drone that can launch vertically and fly in a straight line, claiming it has more 'stowed kills per sortie tha…
Helsing, Europe's largest defence startup, raised $1.8bn in a Series E round at an $18bn valuation, led by Dragoneer and Lightspeed, with significant investments from JPMorgan Chase, Goldman Sachs gro…
German defense AI startup Helsing raised a $1.8 billion Series E at an $18 billion valuation, with demand for equity outstripping shares offered, as European militaries increasingly adopt AI-infused a…