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Defense tech is flooded with money, but who’s built to last?

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Defense tech is red hot right now. Anduril and Mach Industries just doubled and quadrupled their valuations, respectively, and the U.S. government is proposing a 40% increase in defense budget. A wave of new startups is chasing those government contracts, but according to Ross Fubini, the venture investor who wrote Anduril’s first check, most of them will get lost in the Valley of Death between prototype contract and real production deal.  

Watch as, on this episode of TechCrunch’s Equity podcast, Rebecca Bellan asks Fubini — the founder and managing partner of XYZ Venture Capital, built on the Palantir alumni network and now approaching $2B AUM — what separates the survivors from the rest. 

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. 

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I will end 2027 campaign if anyone proves I collected money in US – Peter Obi

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The Nigeria Democratic Congress, NDC, presidential candidate, Peter Obi, has given a condition for stopping his 2027 political campaign.

Obi vowed to stop his presidential campaign if anybody could provide evidence of him collecting money from Nigerians in the diaspora.

Speaking in the United States (US), Obi dismissed claims that he was in America to source funds for his presidential campaign.

He said:

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“People are saying that on my current trip to America, I have gone there to collect money from Nigerians in the diaspora.

“If anyone can show me one person in America who gave me even one dollar, I will end my 2027 campaign.

“I am using my own resources and paying all my bills, I am running around the world, trying to do the right thing.”

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Terrorists kill nine passengers in Plateau bus attack

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Nine people have been killed after gunmen opened fire on a passenger bus at Dungus, Kuru District, Jos South council area.

The police command in Plateau confirmed the attack in a statement by its spokesman, Alfred Alabo, on Monday.

The command said it received a distress report at about 7:45 p.m. on Sunday that terrorists operating on a motorcycle had attacked the bus.

According to the statement, the Toyota bus, with registration number BUU 621 ZL, was conveying passengers to Jos when the gunmen opened fire.

It said seven people were confirmed dead at the scene, while two others who sustained gunshot injuries later died in hospital. The police said the development brought the total number of fatalities from the attack to nine.

The police commissioner, Ayodeji Faniyan, immediately mobilised Mobile Police operatives, tactical teams, homicide detectives and forensic experts to the scene.

(NAN)

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