The Integration of AI in Modern Warfare, Fundings: ExLabs, Terraline, QpiAI
26 June 2024 - A Weekly Publication by New North Ventures
Last month, an AI-piloted US Air Force jet engaged in a dogfight with a manned F-16 over California, demonstrating significant progress in the Air Force and DARPA's AI fighter pilot program. The event, with the Air Force secretary onboard the AI-driven jet, highlighted advancements in combat autonomy and rapid AI learning capabilities, marking a crucial milestone for the program.
This AI-driven fighter engaged in a simulated combat scenario with a manned F-16, showcasing the advancements made in the Air Force and Defense Advanced Research Projects Agency's (DARPA) AI fighter pilot program.
The AI's ability to learn and adapt quickly from vast amounts of data is seen as a key advantage. However, despite the advancements, there are ongoing debates and concerns about the ethical implications and future role of AI in warfare, particularly regarding its potential impact on decision-making in combat situations.
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Founded: 2021
Key People: CEO Matthew Schmidgall
Elevator Pitch: Space resource acquisition technologies designed to capture and redirect near-earth asteroids (NEAs) into lunar orbit, to unlock the vast resources of space for human sustainability.
Funding: The company raised $1.9 million of venture funding from undisclosed investor's on June 25, 2024.
Founded: 2020
Key People: CEO Graham Doorley
Elevator Pitch: A purpose-built heavy-duty truck intended to offer an autonomous electric freight.
Funding: The company raised $3 million of venture funding from SQM Lithium Ventures on June 25, 2024.
Founded: 2019
Key People: CEO Nagendra Nagaraja Ph.D
Elevator Pitch: AI and quantum technology systems designed for life sciences, healthcare, transportation, finance, industrial, space technologies, and other sectors.
Funding: The company raised $6.5 million of seed funding in a deal led by YourNest Venture Capital and SIDBI Venture Capital on June 21, 2024.
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