Mentioned:
META -5.57% PLTR -4.34%
Meta has a new ambition: defense tech. And they’re partnering up with Anduril to take things to the next level.
What’s happening:
- Meta Platforms (NASDAQ: META) and Anduril have formed a new partnership to develop advanced virtual reality and augmented reality technology products for the United States military
Why it matters:
- This is the first ever major partnership between Anduril and Meta focused on developing new technology and hardware for combat purposes
Going deeper:
- Meta and Anduril’s initial main focus will be on developing a new product known as EagleEye, which is a military grade helmet system that is powered by artificial intelligence and leverages both Meta’s XR technology and Anduril’s Lattice software platform
- Anduril and Meta have already begun bidding on a United States Army contract which has a maximum value of $100M USD
- Anduril has been aggressively cutting new partnerships with leading technology companies lately, including previously forming a collaboration with Palantir (NASDAQ: PLTR) to build new types of artificial intelligence models that are capable of processing data from sensors, weapons and robots
The intrigue:
- Anduril founder Palmer Luckey previously sold his virtual reality startup Oculus VR to Meta for $2B USD
