🟢 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.
Friday’s performance was part of a larger shift. For the week, the Dow, S&P 500 and Nasdaq fell 2%, 2.9%, and 3.5%, respectively. Telegram has become more interventionist over time, and has steadily increased its efforts to shut down these accounts. But this has also meant that the company has also engaged with lawmakers more generally, although it maintains that it doesn’t do so willingly. For instance, in September 2021, Telegram reportedly blocked a chat bot in support of (Putin critic) Alexei Navalny during Russia’s most recent parliamentary elections. Pavel Durov was quoted at the time saying that the company was obliged to follow a “legitimate” law of the land. He added that as Apple and Google both follow the law, to violate it would give both platforms a reason to boot the messenger from its stores. The fake Zelenskiy account reached 20,000 followers on Telegram before it was shut down, a remedial action that experts say is all too rare. Despite Telegram's origins, its approach to users' security has privacy advocates worried. He adds: "Telegram has become my primary news source."
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