The Wall Street Journal claims there is an AI cold war between the US and China. Palanteer Technologies defense head Mike Gallagher joins me now. Mike, are we winning the AI cold war.I have to tell you that my colleague Kevin Olirri is sitting next to me. He says we are losing the war with China. What say are you.>> Well, Kevin's much smarter than I am. I see no reason to disagree with him, but I do think we have a narrow lead in key important areas. For example, when it comes to the hardware underlying AI ...

Core Insights - Cyberlux Corporation is advancing its Defense Industry UAS Strategy, focusing on the development, production, and deployment of small Group 1 unmanned aircraft systems (UAS) in modern conflict environments [1] - The new strategy positions Cyberlux as a leader in attritable, high-impact UAS systems, emphasizing mass, modularity, and mission adaptability while maintaining low costs [1] Company Strategy - The next phase of Cyberlux's strategy aims to redefine UAS capabilities in defense applications [1] - The focus is on creating systems that are not only effective but also cost-efficient, enhancing the operational flexibility of military forces [1] Industry Impact - This initiative is expected to influence the broader defense technology sector by setting new standards for UAS development and deployment [1] - Cyberlux's approach may lead to increased competition in the UAS market, particularly among companies focusing on cost-effective and adaptable solutions [1]

Core Insights - Nukkleus Inc. is positioning itself as a significant player in the aerospace and defense industry by showcasing innovative technologies at Milipol Paris 2025, emphasizing its commitment to enhancing defense and security operations through AI and advanced technologies [2][5]. Company Overview - Nukkleus Inc. focuses on acquiring and developing high-potential businesses within the aerospace and defense sector, targeting Tier 2 and Tier 3 companies that are essential to national security infrastructure in the U.S., Israel, and Europe [5][6]. - The company employs a proprietary capital model that integrates operational capabilities, financial discipline, and long-term vision to modernize and expand strategic suppliers, supporting dual-use innovation and resilient supply chains [5][6]. Event Participation - Nukkleus will exhibit at Milipol Paris 2025 from November 18-21, expecting over 1,100 exhibitors from 160 countries, highlighting its growing influence in the global A&D industry [2][3]. - The exhibit will feature live demonstrations from Zorronet and representatives from partner companies will be available for interviews and briefings [4]. Strategic Collaborations - Nukkleus is collaborating with several companies to showcase integrated capabilities that enhance modern defense and security infrastructure, including: - **Tiltan Software Engineering Ltd.**: Specializes in real-time 3D geospatial intelligence and AI-driven defense applications [6]. - **Zorronet Ltd.**: Develops AI-powered defense networks for real-time threat detection and response [6]. - **Scanary Ltd.**: Provides AI-powered security solutions for checkpoint-free screening using radar imaging [6]. - **Positech Ltd.**: Engineers precision motion systems for enhanced targeting and sensor performance across various domains [6]. Leadership Statement - The CEO of Nukkleus, Menny Shalom, emphasized the company's emerging role in the global defense landscape, leveraging partner strengths to deliver integrated capabilities across multiple domains [5].

By David Jeans NEW YORK (Reuters) -Counter-drone radar manufacturer Chaos Industries raised $510 million in a funding round that closed last month, the company's CEO said, the latest sign of booming investor interest in emerging military technology firms. The ​Los Angeles-based company, which makes radars that can detect drones - a key vulnerability highlighted in Russia's war in ‌Ukraine - is now valued at $4.5 billion, Chaos CEO John Tenet told Reuters. The series D funding round, which has not been p ...

Core Insights - Edge Total Intelligence Inc. (edgeTI) is collaborating with Austal USA and Sabel Systems to showcase AI-powered Digital Twin capabilities at the Defense TechConnect Innovation Summit (DTC) 2025 [1][2] - The event will take place from November 19th to 21st at the Gaylord National Hotel & Convention Center, focusing on national defense strategy and naval shipbuilding advancements [1][7] Company Overview - EdgeTI specializes in real-time digital operations and decision intelligence solutions, aiming to help enterprises, service providers, and governments enhance their operational capabilities [8] - The company's edgeCore™ platform integrates multiple software applications and data sources into immersive digital twins, providing decision-makers with clarity and agility [8] Event Details - The Digital Twin Pavilion will feature production-ready solutions addressing various topics, including contested logistics, supply chain resilience, and cyber situational awareness [3][4] - Expert panels and sessions will be held to discuss leveraging AI-driven technologies for enhancing public shipyard and depot operations [5][6] Industry Context - The Defense TechConnect Innovation Summit unites the innovation community with the U.S. Department of Defense, focusing on national security and societal advancement [6] - The event has been running for 13 years and aims to accelerate technology solutions for military and national security challenges [7]

Core Insights - David Cahn, a partner at Sequoia Capital, acknowledges the existence of an AI bubble while emphasizing the importance of distinguishing between compute producers and consumers in the industry [1][2][3] - Cahn argues that the real winners in the AI space will be those who utilize compute effectively, rather than those who produce it, as the latter are likened to high-leverage commodity businesses [1][3] - He expresses concern over the current capital flow, stating that over 80% of funding is still directed towards compute producers, which he believes is a misallocation of resources [1][24] Group 1 - Cahn highlights the critical distinction between compute producers and consumers, suggesting that the latter will thrive in the long run [1][3] - He critiques the prevailing narrative of "King making" in venture capital, asserting that success is determined by the quality of the founding team and product-market fit rather than merely by capital investment [2][34] - Cahn warns against the misconception that companies can only succeed in an environment of unlimited financing, emphasizing the need for sustainable business models [2][3] Group 2 - Cahn predicts that AI could reshape 5% or more of global GDP, but warns that most excess profits will be diluted by competition and labor costs, rather than accruing to a few monopolistic giants [3][30] - He identifies defense as the next significant battleground for AI, predicting increased global conflicts as AI becomes more integrated into defense technologies [3][30] - Cahn believes that the current AI investment landscape is characterized by a "bubble" mentality, where capital is concentrated in a few major players, leading to potential systemic risks [25][30] Group 3 - Cahn discusses the physicality of AI infrastructure, noting that the construction of data centers and the acquisition of power resources are critical to the industry's future [6][7] - He emphasizes the importance of understanding the supply chain dynamics in AI, suggesting that the ability to build data centers will become a competitive advantage [9][10] - Cahn points out that the current focus on AI's physical requirements is essential for translating AI advancements into GDP growth [7][8] Group 4 - Cahn expresses skepticism about the sustainability of high salaries for AI talent, attributing it to an "ecosystem anxiety" where companies feel pressured to demonstrate progress [10][12] - He reflects on the unpredictability of AI advancements, suggesting that the timeline for achieving significant breakthroughs may be longer than currently anticipated [32][33] - Cahn warns that the current concentration of investment in a few tech giants could lead to significant market volatility if the AI narrative shifts [30][29]

Core Viewpoint - VisionWave Holdings, Inc. has reported that Goldman Sachs Group, Inc. has filed a Schedule 13G with the SEC, indicating beneficial ownership of approximately 798,260 shares, or about 5.2% of the company's outstanding shares as of September 30, 2025 [1][2]. Group 1: Filing Details - The filing was made under Rule 13d-1(b) of the Securities Exchange Act of 1934, which pertains to institutional investors acquiring securities in the ordinary course of business without the intent to influence control of the issuer [2]. - A Schedule 13G is a passive ownership report typically filed by large financial institutions holding positions in multiple public companies, reflecting Goldman Sachs's aggregate ownership across its asset-management and broker-dealer divisions [3]. Group 2: Company Response - Douglas Davis, Executive Chairman of VisionWave, stated that institutional ownership by respected financial firms signifies increasing recognition of VisionWave's technology roadmap and market positioning [4]. - The company remains focused on delivering value to shareholders through disciplined growth and innovation [4]. Group 3: Company Overview - VisionWave Holdings Inc. specializes in developing and commercializing next-generation defense technologies that integrate AI-based sensing, radar, and autonomous systems for various applications [5]. - The company's mission is to enhance situational awareness, safety, and decision-making for government, defense, and commercial customers globally [5].

Core Insights - Forterra has successfully closed a $238 million Series C funding round, which includes both equity and debt, led by Moore Strategic Ventures and supported by various new and existing investors [1][3] - The company aims to set the operating standard for autonomy in complex environments, focusing on automating vehicles and transforming operations for entire fleets [2][3] - Recent contract wins include a $114 million Prime contract with the Army and the first ground autonomy production contract with the DoD, indicating strong momentum in the defense sector [4][5] Funding and Investment - The Series C funding round was led by Moore Strategic Ventures, with participation from notable investors such as Salesforce Ventures, Franklin Templeton, and others [1] - Crescent Cove has shown continued support by providing both equity and debt, reflecting confidence in Forterra's growth since its Series A in 2021 [1] Company Mission and Technology - Forterra's mission is to create interoperable mission modules and an autonomous stack that enable platforms to operate without limits [3] - The company has delivered both hardware and operating systems necessary for future autonomous ground operations, positioning itself as a leader in defense technology [3] Recent Achievements and Partnerships - Forterra has secured multiple contracts, including a $4.8 million contract for the Army's UxS Program and partnerships with companies like Volvo Defense and BAE Systems [4] - The acquisition of mobile mesh network company goTenna and the expansion of its product suite further enhance Forterra's capabilities in the defense sector [4] Industry Context - There is a growing demand from defense customers for intelligent and interoperable systems capable of functioning across complex missions and command structures [5]

Core Insights - BigBear.ai Holdings, Inc. (BBAI) reported mixed third-quarter 2025 results, with earnings missing estimates while revenues exceeded expectations, both showing year-over-year declines [1][5][6] Financial Performance - The company reported an adjusted loss per share of $0.07, wider than the Zacks Consensus Estimate of a loss of $0.06, compared to a loss of $0.05 in the prior-year quarter [5][12] - Quarterly revenues reached $33.1 million, surpassing the Zacks Consensus Estimate of $31.1 million, but down 20% from $41.5 million in the same quarter last year, attributed to lower volume on certain U.S. Army programs [6][12] - Gross profit was $7.4 million, down from $10.8 million year-over-year, with a gross margin of 22.4%, down from 25.9% in the prior-year quarter [8] - SG&A expenses increased to $25.3 million from $17.5 million in the prior-year quarter due to higher marketing spend and labor costs [7] - Adjusted EBITDA was $9.4 million, significantly up from $0.9 million in the prior-year quarter, with an adjusted EBITDA margin of 28.4% compared to 2.3% previously [9] Strategic Developments - BigBear.ai's shares rose 12.4% in after-hours trading following the announcement of a definitive agreement to acquire Ask Sage, a generative AI platform aimed at secure deployment in defense and national security sectors [2][12] - The acquisition is expected to enhance BigBear.ai's position in the defense technology ecosystem by integrating Ask Sage's user base and AI capabilities with its decision intelligence framework, creating a secure, end-to-end AI platform [3] - The transaction is anticipated to close by late 2025 or early 2026 [3] Market Outlook - Despite recent government shutdown delays, BigBear.ai remains optimistic about growth opportunities in border security and defense, expecting new contracts and increased spending under the "One Big Beautiful Bill" [4] - The company reaffirmed its 2025 revenue outlook of $125-$140 million [14] Balance Sheet and Liquidity - As of the end of Q3 2025, BigBear.ai had a cash balance of $456.6 million, up from $50.1 million at the end of 2024, with long-term debt reduced to $104.9 million from $135.4 million [13]

Core Insights - Ondas Holdings Inc. has appointed Maj. Gen. (Ret.) Yoav Har-Even to its Advisory Board for Ondas Autonomous Systems (OAS), leveraging his extensive experience in defense technology and international collaboration [2][4][3] Company Update - Har-Even previously served as President & CEO of Rafael Advanced Defense Systems, where he led significant growth and development of advanced defense technologies, including the Iron Dome [3][2] - His appointment is expected to enhance OAS's global defense-technology strategy and support the company's expansion in multi-domain autonomy and airspace defense [2][4] Strategic Goals - The addition of Har-Even to the advisory board aims to guide product integration, strategic partnerships, and international expansion, crucial for Ondas' next phase of growth [4][5] - In 2025, OAS achieved record international orders for its Optimus and Iron Drone Raider systems across Asia, Europe, and the Middle East, indicating strong market demand [4] Technology and Solutions - Ondas provides a range of autonomous systems and private wireless solutions, enhancing security and operational efficiency across various industries [6][7] - OAS's portfolio includes AI-powered defense platforms and advanced ground robotics, supported by innovative navigation and communication technologies [7][6]