🟢 Defense tech investments hit record highs in 2024
From $145M for Chaos Industries to Anduril’s $1.5B mega-round, venture capital in defense tech has soared past $3B this year, breaking all records. With rising global tensions and a predicted defense budget increase under the new U.S. administration, VCs are diving deeper into tech like AI-driven weapons and autonomous systems. If we're being honest, this feels more like the latest gold rush.
🟢 Defense tech investments hit record highs in 2024
From $145M for Chaos Industries to Anduril’s $1.5B mega-round, venture capital in defense tech has soared past $3B this year, breaking all records. With rising global tensions and a predicted defense budget increase under the new U.S. administration, VCs are diving deeper into tech like AI-driven weapons and autonomous systems. If we're being honest, this feels more like the latest gold rush.
The Security Service of Ukraine said in a tweet that it was able to effectively target Russian convoys near Kyiv because of messages sent to an official Telegram bot account called "STOP Russian War." The Dow Jones Industrial Average fell 230 points, or 0.7%. Meanwhile, the S&P 500 and the Nasdaq Composite dropped 1.3% and 2.2%, respectively. All three indexes began the day with gains before selling off. Stocks dropped on Friday afternoon, as gains made earlier in the day on hopes for diplomatic progress between Russia and Ukraine turned to losses. Technology stocks were hit particularly hard by higher bond yields. "He has kind of an old-school cyber-libertarian world view where technology is there to set you free," Maréchal said. After fleeing Russia, the brothers founded Telegram as a way to communicate outside the Kremlin's orbit. They now run it from Dubai, and Pavel Durov says it has more than 500 million monthly active users.
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