πŸ”₯ The Pentagon Completes Major Drone Swarm Challenge

The Pentagon has completed the most challenging drone defense demonstration to date.

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U.S. and Canadian fighters intercepted Russian and Chinese warplanes off the coast of Alaska, marking the first time strategic bombers from the 2 U.S. adversaries have operated together near North America.

While this joint mission reflects growing cooperation between Moscow and Beijing, it also demonstrates the readiness and effectiveness of North American air defenses, as U.S. and Canadian forces swiftly responded to monitor the situation without any escalation.

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THE BOTTOM LINE UP FRONT

Image: U.S. Army Yuma Proving Ground via DVIDS

The Joint Counter-small Unmanned Aircraft System Office tested prototypes over 4 weeks in June at Yuma Proving Ground.

The demonstration evaluated systems using radars, cameras, machine guns, missiles, and jammers to counter diverse and simultaneous drone attacks.

This particular drone swarm tactical event aimed to enhance detection and defeat capabilities, emphasizing a "layered" defense approach. Data from the demo will inform future military procurement decisions.

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Image: Reuters

This measure is aimed at pressuring YouTube to reinstate blocked Russian channels and comply with Russian laws.

Khinshtein warned that if YouTube does not change its policies, it can expect further consequences in Russia.

In other news…

Star Catcher Industries, a startup founded by space industry veterans, is developing a space-based energy grid to provide on-demand power to satellites and spacecraft, potentially enabling more power-intensive activities in orbit and on the moon.

DoD-backed Kodiak Robotics is pivoting to off-road autonomous trucking, partnering with Atlas Energy Solutions to launch a driverless commercial service in the oil industry by early 2025, as a faster path to profitability compared to long-haul highway trucking.

Addionics, backed by GM Ventures, is developing wavy foil current collectors for lithium-ion batteries, aiming to improve performance and reduce costs in EV batteries while planning a $400M U.S. factory to meet domestic content requirements.

OpenAI is launching SearchGPT, an AI-powered search engine that summarizes web content, cites sources, and allows follow-up questions, directly challenging Google's search dominance.

DEALS & FUNDING

Image: Samuel Corum / Bloomberg

The proposed investment would require board approval and a shareholder vote, with Musk citing potential benefits to Tesla's Full Self-Driving technology.

This development comes amid concerns about conflicts of interest and resource allocation between Musk's various companies, including Tesla, xAI, and X Corp.

In other news…

Nvidia Partner SMC, a Singapore-based data center company, is raising approximately $950M in equity and debt funding to expand its operations and capitalize on the growing demand for AI computing capacity.

Akima's subsidiary Five Rivers Analytics has been awarded a $480M contract by the U.S. Space Force to support and modernize the Satellite Control Network over the next 10 years.

Greece has signed a deal to purchase 20 F-35 fighter jets from the U.S. as part of a major defense modernization program, with the option to buy 20 more, amid ongoing tensions with Turkey.

Oracle has partnered with Italian infrastructure firm Rai Way to install AI systems in Rai Way's data centers, offering enhanced cybersecurity and cloud services to Oracle's corporate clients.

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