The initial public offering of American artificial intelligence firm Cerebras Systems may be delayed due to national security considerations regarding a planned investment by G42. According to a Reuters report, Cerebras’s IPO roadshow was scheduled for early next week, but the Committee on Foreign Investment in the United States has yet to complete its review...
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Category: Technology
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G7 Representatives Address Potential AI Competition Concerns
Lina M. Khan, chair of the U.S. Federal Trade Commission, and other representatives of the G7 leading industrialized nations have issued a communiqué addressing potential concerns over fair competition on the use of artificial intelligence-enabled solutions. The document highlights competition authorities and policymakers’ role in addressing competitive threats and listed competition concerns identified by a...
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US Approves Potential $680M Sale of BAE Electronic Attack Mission System to Italy
The U.S. Department of State has approved a potential sale of the EA-37B electronic attack mission system to Italy valued at $680 million. In addition to the core EA-37B system, the proposed sale includes critical components such as Network Centric Collaborative Targeting systems, radio frequency receiver subsystems and software-defined radio subsystems, and secure communication and...
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Red Hat’s New Latin America VP Focuses on AI, Automation Adoption
Red Hat has named Gilson Magalhaes vice president and general manager for Latin America, replacing Paulo Bonucci, who led the company’s regional operations for over a decade. In his new role, Magalhaes, who has served as Red Hat Brazil’s country manager since November 2013, will focus on maintaining the company’s progress in its key global...
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Romania Secures US Approval for $110M Purchase of RTX Sentinel Radar Systems
The U.S. Department of State has approved Romania’s request to purchase four AN/MPQ-64 F1 Sentinel radar systems and related support equipment and services valued at a potential $110 million. According to a statement from the Defense Security Cooperation Agency, Tucson, Arizona-based defense contractor RTX is the principal contractor of the foreign military sale to Bucharest....
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Specialist VC Firm C5 Capital Partners With Ukraine to Boost Defense Tech Development
Washington, D.C., and London-based venture capital firm C5 Capital has partnered with Brave1, a Ukrainian defense technology accelerator, to support local defense tech startups in Ukraine. Through the partnership, C5 Capital will provide investment and strategic guidance to help the new companies grow and scale, ultimately accelerating the development of technologies critical to building Ukraine’s...
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NATO Holds Commercial Space Forum to Explore Opportunities, Threats
NATO hosted space industry representatives for a Commercial Space Forum at its headquarters in Brussels last week to discuss the sector’s potential opportunities, vulnerabilities, new risks and threats. The talks focused on areas including investment possibilities in cybersecurity and the sharing of information on space-based threats, such as GPS spoofing and satellite communication jamming. The alliance...
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Saab Receives $116M Additional Order for Air Defense Solution From Lithuania
Lithuania has awarded Saab a new contract for an additional mobile short-range air defense system valued at $116 million. Lithuania placed the first $123.3 million order for the air defense system in July after delivering Bolide missiles for the Lithuanian Armed Forces Air Defence Battalion’s existing MSHORAD. Under the new deal, the Baltic state will...
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Jacobs Selected to Support UK’s Carbon Capture Program
The U.K. Department for Energy Security and Net Zero has chosen Jacobs for technical project management support for its Carbon Capture, Usage and Storage program. The engineering company will offer a range of other services, including strategic and change management advisory services, data solutions, and risk and quality management. In collaboration with PA Consulting, it...
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Redwire’s Onboard Computer to Power ESA’s Hera Asteroid Mission
Redwire has built an onboard computer system for the European Space Agency's Hera mission, Europe's first planetary defense initiative. Redwire's third-generation Advanced Data and Power Management System will control all vital spacecraft operations, including deploying and monitoring two companion cubesats for detailed surveys of NASA's Double Asteroid Redirection Test mission. Redwire's Belgian subsidiary developed the system under a contract with OHB Germany, the prime contractor for the Hera project.The Potomac Officers Club's 2024 GovCon International Summit on Thursday will convene key public and private sector leaders to discuss emerging technologies, the shifting landscape in space and the role of industry. Take part and register now.