The Rundown Silicon Valley Takes on Defense Industry's Old Guard, Rumble Stock Nearly Doubles on Tether Investment
6 snips
Dec 23, 2024 AI Snips
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Tech vs. Defense
- Tech companies like Palantir and Andrel are partnering to bid on government defense contracts.
- They aim to compete with established firms like Lockheed Martin and Boeing by offering innovative solutions such as AI-powered weapons and drones.
Smart Glasses Future
- Meta is releasing an updated version of their Ray-Ban smart glasses with a display in 2025.
- Zaid Admani believes that glasses, not VR headsets, will be the next major computing platform.
Xerox Acquisition
- Xerox acquired printer maker Lexmark for $1.5 billion, focusing on expanding their presence in Asia.
- Xerox stock is down 50% this year, but this acquisition caused an 8% increase.