Latest news with #DefenseTech
Bloomberg
2 days ago
- Business
- Bloomberg
Global X CEO on Product Lineup (SHLD, AIQ, BOTZ, GXIG)
Global X CEO Ryan O'Connor discusses the Global X Defense Tech ETF (ticker: SHLD) which is currently up 58% this year. He also discusses the Artificial Intelligence & Technology ETF (ticker: AIQ), Robotics & Artificial Intelligence ETF (ticker: BOTZ), and the Investment Grade Corporate Bond ETF (ticker: GXIG). (Source: Bloomberg)
Business Insider
02-07-2025
- Business
- Business Insider
The battle for AI talent has been on an entirely different level
Good morning. One group of people may have to pay the price for Elon Musk reigniting his feud with Donald Trump: Tesla investors. The company's stock dropped 5% on Tuesday after Trump highlighted how much assistance Musk has gotten from the US government. Tesla investors will be on tenterhooks again this morning. The EV maker is expected to release its second-quarter vehicle delivery numbers in the coming hours. Wall Street seems braced for disaster. In today's big story, the hiring frenzy of the past few weeks for elite AI talent has been unprecedented, with Meta and OpenAI offering tens of millions of dollars to lure top workers. Plus, take a second and subscribe to BI's Defense Tech, a weekly recap of the latest innovations and strategies in modern warfare, defense tech, and more! What's on deck Markets: Why one PE firm wants to buy Red Hot Chili Peppers' entire catalog. Tech: Senate leaves Big Tech on the cutting room floor. Business: Paramount is paying $16 million to settle Trump's "60 Minutes" lawsuit. But first, need to land a prodigy? Try being prodigal. The big story Comp FOMO AleksandarGeorgiev/Getty Can you imagine getting paid more in a year than you had predicted you would ever make in your entire life? For top AI talent, this has been the reality of recent weeks. "I would describe them as in a state of shock," said Deedy Das, an AI investor at Menlo Ventures. He was talking about three of his friends who are machine-learning engineers or AI researchers — Das said they've all been offered between $8 and $20 million in total compensation a year to join Meta. "It's honestly hard to digest." Tech companies have long paid top dollar for elite talent, but the recent hiring frenzy has been on an entirely different level. And it seems AI talent can't start soon enough. "They're pressuring them to drop out of school," says Bill Aulet, a managing director at MIT. Comparisons have been drawn between the bidding war for AI talent and sports franchises competing for star athletes, with some on X suggesting that researchers hire agents to represent them. The first sign of this new, turbo-charged war for AI talent came when Meta recruited Scale AI CEO Alexandr Wang last month as part of a $14.3 billion deal to take a 49% stake in his company. Then, Sam Altman said Meta had tried to poach his best employees with $100 million signing bonuses. (Meta executives recently pushed back, saying that the signing bonuses were not that generous.) This week, BI reported that Mira Murati, the former CTO of OpenAI, has paid some talent around half a million dollars in salary for her new startup before even announcing a first funding round or a product. So, what's driving the frenzy? Two factors: A shortage of talent and an excess of money. There is a limited number of researchers and engineers capable of building foundational models — something in the neighborhood of 2,000 people, BI's Bergman writes. Meanwhile, companies like Meta, which is approaching a market capitalization of $2 trillion, have the resources to spare no expense in order to avoid falling behind — and, as we've seen, they're not hesitant to do whatever it takes. 3 things in markets 1. The PE giant dreaming of Californication. Bain Capital is in talks to re-enter the music industry and it's teaming up with Warner Music to do so. If it goes through, its first purchase will be the entire Red Hot Chili Peppers catalog for $300 million. Music has proven to be a defensive investment over the years amid economic and market turmoil. 2. Jerome Powell may have just escalated his beef with Trump. The Fed chair said on Tuesday that the president's tariff policy is to blame for the central bank's lack of rate cuts, and it remains in a wait-and-see position until the impact of tariffs becomes clearer. The president has hinted at replacing Powell, and here's what could happen if he follows through. 3. Three investing mistakes to avoid at a market high. Stocks are back near record highs after a tumultuous couple of months, Wall Street analysts are optimistic about the second half of 2025. That said, don't fall for these common investing missteps when the market's up. 3 things in tech 1. Big Tech has one less reason to like President Donald Trump's "Big Beautiful Bill." Early Tuesday morning, senators voted 99-1 to strike a section in the bill aimed at preventing states from regulating AI. Tech leaders had argued that it was important not to hamper the AI industry at a time when competition with China is heating up. 2. What's going on between Microsoft and OpenAI? Both companies are currently renegotiating their multibillion-dollar partnership, which gives Microsoft access to OpenAI's technology. Precisely what OpenAI has to share — and when — is sometimes gray, people involved in the matter exclusively told BI's Ashley Stewart, and that's the central issue for Microsoft in these negotiations. 3. Threads finally gained one long-awaited feature. DMs have arrived on Meta's text-based social media network. The change was instituted after it became clear that users were interacting with a different crowd on Threads than on Instagram, BI's Pranav Dixit writes. 3 things in business 1. Paramount is paying $16 million to settle Trump's "60 Minutes" lawsuit. The suit, filed in October, alleged that an interview with Trump's presidential rival, Kamala Harris, had been selectively edited to "tip the scales in favor of the Democratic party" during November's election. Paramount emphasized that its statement did not include an apology or a statement of regret. Read more. 2. China's coffee giant is now brewing in America. Luckin Coffee opened two stores in Manhattan, offering a menu full of fruity specialties at extremely discounted prices. BI's reporter wasn't wowed but said it could take a bite out of Starbucks' sales. 3. RIP Bolt's unlimited PTO. The company's CEO Ryan Breslow announced it was eliminating its unlimited PTO policy and offering four mandatory paid weeks off instead. Breslow wrote on LinkedIn that when time off isn't defined "the good ones don't take PTO," and "the bad ones take too much." In other news Diddy jury says it has reached a verdict on all but one charge. The awkward rise of ChatGPT in the group chat. Tech execs from companies chasing defense contracts are now Army officers. A watchdog is calling for an investigation. Morgan Stanley is all-in on the 'buy America' trade, with one key exception. Trump is selling cologne, sneakers, and Bibles as president. Here's a look at all the stuff he's hawking. Meta just revealed its new superintelligence team. Find out who joined and what they might do at Meta. There's already a Musk versus Trump election next year. Tons of young people are still sharing streaming passwords despite Hollywood's — to be successful. What's happening today Tesla reports Q2 production and delivery figures. Hallam Bullock, senior editor, in London. Lina Batarags, bureau chief, in Singapore. Akin Oyedele, deputy editor, in New York. Grace Lett, editor, in New York. Amanda Yen, associate editor, in New York. Lisa Ryan, executive editor, in New York. Ella Hopkins, associate editor, in London. Dan DeFrancesco, deputy editor and anchor, in New York (on parental leave).
Yahoo
16-05-2025
- Business
- Yahoo
Fonon Technologies DefenseTech: Pioneering the Fight Against Saltwater Corrosion
Laser Systems Delivering Unprecedented Maritime Durability and Efficiency ORLANDO, Fla., May 16, 2025--(BUSINESS WIRE)--Fonon Technologies, a provider of state-of-the-art laser technologies for material processing and defense infrastructures, today showcased the groundbreaking applications of its handheld DefenseTech laser cleaning systems, heralding a paradigm shift in naval asset protection and operational longevity. The cutting edge DefenseTech line of handheld and automated laser cleaning systems offers a versatile, sustainable, non-abrasive, and highly efficient range of products. They are specifically engineered for maintaining the structural integrity of maritime and naval vessels, effectively controlling corrosion and biofouling in the most challenging marine environments. This cutting-edge technology is ideally suited for addressing areas that deteriorate over time, from intricate frame weldments and critical joint connections to expansive hull surfaces. Beyond superior corrosion control, DefenseTech systems excel in rapid de-painting, precise surface preparation for new coatings, and the removal of contaminants, significantly reducing maintenance downtime and extending asset lifecycles. "Our DefenseTech series addresses a critical need in the naval and maritime sectors," stated Bryan Lee, Vice President of Fonon Technologies. "We're not just offering another tool; we're providing a smarter, more efficient way to enhance the longevity and operational readiness of marine assets, from the smallest utility craft to the largest naval carriers. Our advanced technology has significant implications for safeguarding investments, empowering crews, and fostering a healthier ocean ecosystem. We're proud to bring this level of innovation to an industry that truly benefits from it." The economic impact of corrosion on the naval and maritime industry is staggering, estimated to be in the trillions of dollars annually, encompassing direct repair costs, operational disruptions, and premature asset replacement. Fonon Technologies' DefenseTech technology directly confronts this challenge, offering a superior alternative to traditional, often environmentally detrimental, methods such as abrasive blasting and chemical stripping. By leveraging focused laser energy, DefenseTech systems precisely ablate unwanted material without damaging the substrate, ensuring a cleaner, safer, and more effective process. This translates to substantial long-term cost savings, reduced hazardous waste, and enhanced worker safety. This order underscores Fonon Technologies' success in delivering high-performance laser solutions and solidifies its growing prominence within the defense industry. For more information about the DefenseTech line of laser cleaning systems, please visit or contact Fonon Technologies' sales department at sales@ About Fonon Technologies Fonon Technologies is a diversified industrial laser equipment provider serving government organizations, all branches of the U.S. military, and defense contractors. Led by a team with deep expertise in military and naval operations, the company tackles the challenges of defense maintenance, repair, overhaul and protection with advanced laser solutions. For more information, visit View source version on Contacts Media Contact: Rohan NarainFonon TechnologiesRnarain@ 407.804.1000, ext. 1118 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-04-2025
- Business
- Yahoo
Heidrick & Struggles Launches Global Government & Defense Tech Practice in Frontier Tech Push
The practice builds on the firm's longstanding history of providing mission-critical talent solutions to clients delivering technology solutions to governments around the world. CHICAGO, April 30, 2025 /CNW/ -- Heidrick & Struggles (Nasdaq: HSII), a leading provider of global leadership and talent solutions, today announced the launch of its Government & Defense Tech Practice. It is estimated that governments account for roughly 10% of total spend on technology and IT services globally—highlighting a growing opportunity for Frontier Tech and government entities alike to realize a more innovative future. With more than 200 completed engagements, this practice reinforces the firm's commitment to the sector, bringing expertise from decades of client work, to ensure the right leaders are leading in the right way for these organizations providing technology solutions to governments at the national, state, and local levels globally. "As technology has become integral to government and society, it is critical that technology solution providers have the talent necessary to help governments address their biggest challenges and opportunities – from resolving technical debt to continuing digital transformation, to incorporating next-generation technologies which better serve and protect citizens around the world," said Jason Schmucker, partner, Heidrick & Struggles and leader of the Government & Defense Tech practice. "Our proven track record of guiding Government & Defense Tech clients through periods of significant growth and transformation -- by placing new leaders, coaching and developing existing leaders, and enabling top teams and organizations to operate more effectively -- uniquely positions Heidrick & Struggles to continue supporting clients in today's fast-changing, ever-evolving, and interconnected world." As governments lean on technology solution providers now more than ever – for capabilities ranging from cloud infrastructure and cybersecurity to AI and robotics – the new practice brings together more than 30 experienced Search and Consulting partners from our technology, IT services, aerospace & defense, energy, private equity, and venture capital practices across North America, Europe, Asia, and Australia markets. "Our ever-evolving geopolitical and technological landscape, coupled with broader workforce shifts, has created a pressing need for next-generation, agile leadership and workforce ecosystems in what's traditionally been an insular industry," said Sam Burman, global managing partner, Frontier Tech at Heidrick & Struggles. "We have a strong foundation to build on and are excited for what we will continue to accomplish alongside our clients. Our global, cross-industry expertise will be crucial in helping clients navigate market dynamics and gain a competitive, tech-driven edge." To learn more about Heidrick & Struggles' Government & Defense Technology Specialty Practice, insights, and capabilities, please visit: About Heidrick & StrugglesHeidrick & Struggles (Nasdaq: HSII) is the world's foremost advisor on executive leadership, driving superior client performance through premier human capital leadership advisory services. For more than 70 years, we've delivered value for our clients by leveraging unrivaled expertise to help organizations discover and enable outstanding leaders and teams. Learn more at Media ContactBianca Wilson Global Director, Public RelationsHeidrick & Strugglesbwilson@ View original content: SOURCE Heidrick & Struggles View original content: Sign in to access your portfolio
Cision Canada
30-04-2025
- Business
- Cision Canada
Heidrick & Struggles Launches Global Government & Defense Tech Practice in Frontier Tech Push
The practice builds on the firm's longstanding history of providing mission-critical talent solutions to clients delivering technology solutions to governments around the world. CHICAGO, April 30, 2025 /CNW/ -- Heidrick & Struggles (Nasdaq: HSII), a leading provider of global leadership and talent solutions, today announced the launch of its Government & Defense Tech Practice. It is estimated that governments account for roughly 10% of total spend on technology and IT services globally—highlighting a growing opportunity for Frontier Tech and government entities alike to realize a more innovative future. With more than 200 completed engagements, this practice reinforces the firm's commitment to the sector, bringing expertise from decades of client work, to ensure the right leaders are leading in the right way for these organizations providing technology solutions to governments at the national, state, and local levels globally. "As technology has become integral to government and society, it is critical that technology solution providers have the talent necessary to help governments address their biggest challenges and opportunities – from resolving technical debt to continuing digital transformation, to incorporating next-generation technologies which better serve and protect citizens around the world," said Jason Schmucker, partner, Heidrick & Struggles and leader of the Government & Defense Tech practice. "Our proven track record of guiding Government & Defense Tech clients through periods of significant growth and transformation -- by placing new leaders, coaching and developing existing leaders, and enabling top teams and organizations to operate more effectively -- uniquely positions Heidrick & Struggles to continue supporting clients in today's fast-changing, ever-evolving, and interconnected world." As governments lean on technology solution providers now more than ever – for capabilities ranging from cloud infrastructure and cybersecurity to AI and robotics – the new practice brings together more than 30 experienced Search and Consulting partners from our technology, IT services, aerospace & defense, energy, private equity, and venture capital practices across North America, Europe, Asia, and Australia markets. "Our ever-evolving geopolitical and technological landscape, coupled with broader workforce shifts, has created a pressing need for next-generation, agile leadership and workforce ecosystems in what's traditionally been an insular industry," said Sam Burman, global managing partner, Frontier Tech at Heidrick & Struggles. "We have a strong foundation to build on and are excited for what we will continue to accomplish alongside our clients. Our global, cross-industry expertise will be crucial in helping clients navigate market dynamics and gain a competitive, tech-driven edge." To learn more about Heidrick & Struggles' Government & Defense Technology Specialty Practice, insights, and capabilities, please visit: About Heidrick & Struggles Heidrick & Struggles (Nasdaq: HSII) is the world's foremost advisor on executive leadership, driving superior client performance through premier human capital leadership advisory services. For more than 70 years, we've delivered value for our clients by leveraging unrivaled expertise to help organizations discover and enable outstanding leaders and teams. Learn more at SOURCE Heidrick & Struggles
