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Pentagon selects nine startups to split orders for 60,000 drones

Nine drone startups, including Eric Schmidt-founded Perennial, will split US Defense Department orders for 60,000 drones, The Information reported. The procurement is structured as a competition and bars China-made parts, directing a large military order toward suppliers that can meet the domestic sourcing requirement. The orders have not yet been described as completed deliveries.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Tech groups use residual-value guarantees to lower AI financing costs

Large technology companies are increasingly using residual-value guarantees to finance AI equipment off their balance sheets, the Financial Times reports. The guarantees apply the companies' credit strength to the hardware's futur...

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xFarm buys Sibium Analytics, adding 8 million monitored hectares

Agricultural software provider xFarm Technologies has acquired Brazil-based Sibium Analytics, adding more than 8 million monitored hectares and nine large sugarcane producers to its platform. xFarm already served more than 600,000...

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Altis Labs raises $25 million for oncology-trial AI

Altis Labs raised a $25 million Series A, CEO Felix Baldauf-Lenschen told Axios Pro. The AI software company analyzes CT scans taken during oncology trials and produces predictions tied to patient survival, supporting a drug-devel...

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