Yahoo News: In Silicon Valley, a new breed of investors is seeking closer ties to America’s military and spy agencies
A budding group of venture capital firms and investors are working with the CIA and other U.S. intelligence and military agencies in an attempt to help shape the future of Silicon Valley, ensuring companies produce innovations useful for national security while avoiding funding from potential adversaries like China.
Call it the new world of "spooky finance."
These firms — like New North Ventures, Harpoon, Scout Ventures, and Razor's Edge — are often themselves staffed by former U.S. intelligence and military officials, and sometimes work together to cofund national-security-related startups in areas such as artificial intelligence, cybersecurity, and next-generation communications.
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WNU Editor: There are billions in contracts that are just sitting there for Silicon Valley companies to grab. The big tech giants may not be interested in pursuing these deals, but there are a lot of other companies and investors who are.
1 comment:
That's a good thing, as long as the spending is pertinent.
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