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EP-82 Anduril’s $1.5b Defense Boost 💰, Palantir & Microsoft’s Strategic Alliance 🛡️, Amazon’s Quick-commerce Fumble in India 🇮🇳
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welcome to wall-e's tech briefing for friday, august 9th! today's top tech stories:
- anduril industries secures major funding: the defense startup raises $1.5 billion in series f round, reaching a $14 billion valuation, to boost hiring, expand infrastructure, and enhance supply chain processes.
- palantir & microsoft partnership: palantir shares rise 11% following the announcement of a strategic partnership with microsoft to provide secure cloud, analytics, and ai solutions for u.s. defense and intelligence agencies.
- amazon's quick-commerce challenges in india: while the quick-commerce market in india grows at 125% annually, amazon lags behind competitors like blinkit, zepto, and swiggy's instamart, raising questions about missed opportunities.
- uk investigation into amazon's investment in anthropic: the competition and markets authority investigates amazon's $4 billion investment in anthropic for potential anti-competition concerns.
- cybersecurity win against ransomware: six companies are saved from ransomware demands due to coding errors identified by security researcher vangelis stykas in the ransomware gangs' web infrastructure, exposing vulnerabilities and obtaining decryption keys.
stay tuned for tomorrow's tech updates!
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