Peter Andreas Thiel

Weapons Startup Anduril Hits $14 Billion Valuation in New Funding Round

Weapons Startup Anduril Hits $14 Billion Valuation in New Funding Round

Defense technology startup Anduril Industries Inc. has raised $1.5 billion in a new funding round and plans to spend hundreds of millions on a new facility to manufacture its rockets, underwater vehicles and other autonomous weapons systems at greater scale and speed.The deal, which values Anduril at $14 billion, is one of the largest venture capital financings of the year so far, and reflects the company’s success getting government contracts, as well as rising investor enthusiasm for defense technology companies. Source link lol
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Palantir Ups Profit Outlook, Says AI Has ‘Transformed’ Business

Palantir Ups Profit Outlook, Says AI Has ‘Transformed’ Business

Palantir Technologies Inc.’s stock jumped in extended trading after the company raised its annual outlook, citing continuing demand for its artificial intelligence software.Palantir also topped analyst estimates for sales and profit for the quarter, helping send its stock up more than 15% after the results were released. Source link lol
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