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Robotics Capital Policy

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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Capital AI
Capital AI

Mindmax raises $3.3m for conversational AI exam tutor

London startup Mindmax announced $3.3m (£2.5m) in pre-seed funding to build an AI tutor for professional exams and workplace skills. Concept Ventures led the round, joined by Redrice Ventures, Daybreak Ventures and Lerer Hippeau.

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Infrastructure Products
Infrastructure Products

Microsoft declines option to expand Nscale Texas data center contract

Microsoft has rejected an option to more than double its Texas data center contract with Nscale, the Financial Times reported, citing sources. The decision is a setback for the startup as it pursues ambitions for a $35B initial public offering.

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