Who is Palmer Luckey, the Silicon Valley entrepreneur who wants to transform the United States defense industry
Article excerpt
Palmer Luckey is one of the entrepreneurs who best represents Silicon Valley's entry into the US defense industry. Founder of Oculus and, since 2017, of Anduril Industries, he built a company that combines artificial intelligence, software, sensors, drones, and autonomous systems with a development model based on private capital. His stated goal is to modify the speed, costs, and scale with which the United States develops military technology. Unlike traditional executives in the sector, Luckey came to defense from the technology and video game industry. He was born in Long Beach, California, in 1992, was homeschooled, and began experimenting with electronics and virtual reality as a teenager. To finance his projects, he repaired and resold iPhones: according to the Los Angeles Times, he earned at least USD 36,000 when he was 16 years old.The interest of Luckey in virtual reality led to the creation of Oculus Rift. In 2012, he launched a Kickstarter campaign to finance the development of the device, which sought to make a technology accessible that until then had struggled to become a mass product. The campaign raised more than USD 2.4 million and caught the attention of the technology industry. In March 2014, Facebook announced the acquisition of Oculus for approximately USD 2 billion, with a scheme that also included additional payments subject to the achievement of...
Keep reading with a free account
The rest of this article, and every signal for Anduril, is in your free account.
Extracted from this sentence
In May, Anduril and the US Department of War announced a framework agreement to produce at least 3,000 Barracuda-500M systems in three years, with a minimum goal of 1,000 units annually.
