Emil Michael says the US government can use export controls on AI companies that do not cooperate with it. The under secretary of war is the Pentagon’s chief technology officer. He made the case in a video interview with Amir Efrati and Leo Schwartz of…
Anduril is letting current and former employees sell shares in a tender offer that values the defence tech company at about $90bn. The shares are priced at $94.80 each, and the offer is capped at about $1.3bn, according to Bloomberg’s sources. Rebecca …
“We lose Starlink and lose the interceptor,” Ukrainian President Volodymyr Zelenskyy told reporters on 17 October, Bloomberg reported. Zelenskyy said speed limits on Starshield, SpaceX’s military satellite network, remained in place across Ukraine. Ukr…
The Pentagon has already replaced Anthropic’s AI models, with no operational impact, Palantir’s chief technology officer, Shyam Sankar, said on CBS’s Face the Nation on Sunday. “It’s already been replaced,” Sankar said. The Pentagon stopped using Anthr…
PsiQuantum has received a conditional commitment for a loan of up to $150 million from the US Department of War’s Office of Strategic Capital. The quantum computing company announced the commitment on Thursday. It is the second conditional loan from th…
European startups raised $25bn in the third quarter, their strongest quarter for venture funding in four years. In North America, startup funding fell 35% from the previous quarter to $92bn, Crunchbase data shows. Europe’s total was up 77% on the $14bn…
DARPA has moved Atom Computing, Diraq, IBM and IonQ into the final stage of its Quantum Benchmarking Initiative. The US defence research agency runs the programme to test whether anyone can build a useful quantum computer by 2033. DARPA announced the f…
The US Department of War has offered chipmaker Wolfspeed a conditional loan of up to $1.5bn over 30 years. In return, Wolfspeed would give the department warrants to buy up to 7.5% of the company. Wolfspeed filed for bankruptcy protection in June 2025….
UK defence companies plan to invest a combined £19.75bn over the next 12 months, according to new research from law firm White & Case. Research company Censuswide surveyed 250 senior decision-makers at UK defence companies and defence technology st…
Anduril will invest $3.7bn in a new shipyard near Baltimore to build parts for the US Navy’s Virginia-class submarines, the defence company said on Tuesday. The Navy has also awarded Anduril a contract worth up to $2.9bn, with payments tied to demonstr…