cyrano

joined 6 months ago
[–] cyrano@piefed.social 10 points 1 week ago

It’s just about the money. Once you realize that the more everything makes sense

[–] cyrano@piefed.social 4 points 1 week ago

It only happens to others mentality

 

Alphaville is free access. Just create a free account.

[–] cyrano@piefed.social 3 points 1 week ago
[–] cyrano@piefed.social 9 points 2 weeks ago

FTC= For The Corporation

[–] cyrano@piefed.social 41 points 2 weeks ago

The circle is complete

[–] cyrano@piefed.social 76 points 2 weeks ago (9 children)

Ok mum I stopped torrenting. You can use the phone again.

[–] cyrano@piefed.social 7 points 2 weeks ago

Thx for the summary

[–] cyrano@piefed.social 5 points 3 weeks ago

Enjoy life. Nothing wrong to admire the plants 🌱

[–] cyrano@piefed.social 5 points 3 weeks ago (1 children)

Agreed we are in a period like many years ago of subsidized uber/lyft ride where the inference cost of going down due to the competition. This is as now a goodies for us to test those service but we need to be realistic of the future. What I really like if the work on local model which is very promising.

[–] cyrano@piefed.social 14 points 3 weeks ago (1 children)

Just one more billion Bro. AGI Bro. Trust me.

 
4
🍄☠️😵🪦🤖 (piefed.social)
submitted 1 month ago* (last edited 1 month ago) by cyrano@piefed.social to c/lemmyshitpost@lemmy.world
 

 

Tap for article

Trump Jr-linked drone company wins Pentagon contract

Unusual Machines secures deal as US military accelerates domestic production of unmanned aircraft

Donald Trump Jr

Donald Trump Jr was brought on as an adviser to Unusual Machines in November 2024 © POOL/AFP via Getty Images

A little-known drone company backed by Donald Trump Jr has won its largest contract from the Pentagon, as the US government expands its procurement of the drones.

Florida-based Unusual Machines, in which Trump Jr has held a $4mn stake, said the US army had contracted it to manufacture 3,500 drone motors, alongside various other drone parts.

The company added the army indicated it planned to order an additional 20,000 components from Unusual Machines next year. 

Allan Evans, the company’s chief executive, said he believed it was the largest order for Unusual Machines parts from the US government to date, but declined to disclose the value of the contract.

Chief Warrant Officer 4 John Brown of the 101st Airborne Division said of the acquisition: “The ability to train like we fight, using dronesthat are reliable . . . gives our soldiers the confidence they need for real-world scenarios.”

Shares in Unusual Machines jumped as much as 13 per cent on Friday.

Unusual Machines brought Trump Jr on as an adviser in November 2024. The Financial Times earlier this year found shares in the company almost tripled in price in the weeks leading up to its disclosure of the move.

Soon after Trump Jr came on board, Unusual Machines disclosed he owned 331,580 shares, which would currently be worth roughly $4mn.

Trump Jr is not required to disclose whether he has since sold any of his stake, but Evans earlier this year said the president’s son had continued to invest in recent fundraising rounds. 

In response to questions about the Pentagon contract, Evans told the FT than Don Jr “did not advise or do anything else on this deal”.

“Don has never communicated with anyone in the administration on behalf of Unusual Machines or about the contract in question,” said a spokesperson for Trump Jr. “His advisory role with them has nothing to do with interfacing with the government.”

The procurement, announced last week, comes after President Donald Trump in June signed an executive order aimed at boosting the US’s nascent drone industry, for commercial and military use.

Defence secretary Pete Hegseth has since moved to expedite the production and deployment of military drones and empowered commanders to independently procure and test the technology.

Hegseth’s Pentagon has emphasised the importance of drones in modern warfare, with the army focused on acquiring them en masse at low cost. The service is also pursuing the acquisition of technology from commercial companies and defence tech start-ups.

Line chart of Share price, $ showing Value of shares in Unusual Machines surged late last year but has slipped 25% since January

US army secretary Daniel Driscoll earlier this month said his service is leading the Pentagon’s counter-drone efforts and “will equip soldiers with these kinds of expendable drones that deliver devastating effects at a massive discount. I cannot overstate the impact drones will have on warfare and homeland defence.”

Driscoll told the FT earlier this month that his drone vision for the army includes its special forces “Ranger Regiment and our Delta Force and all of our elite infantry-like units having drones with them”, along with embedded software engineers.

Unusual Machines has struck deals with other US defence suppliers in recent months, inking a $12.8mn agreement with Strategic Logix in September and a $1.6mn deal with an unnamed domestic defence drone maker in August.

The company, which is working on manufacturing more of its components in the US, has also been harmed by Trump tariffs. 

In the first quarter of the year, it said the levies contributed to a $3.3mn operating loss. Unusual Machines has warned the cost of sourcing components from countries other than China could impact profits.

The US army did not respond to a request for comment.

 

I just don’t feel comfortable building a robot army here, and then being ousted because of some asinine recommendations from ISS and Glass Lewis, who have no f**king clue. I mean those guys are corporate terrorists. Lemme explain the core problem here, so many of the passive funds vote along the lines of what ISS and Glass Lewis recommend. Now, they have made many terrible recommendations in the past that if those recommendations had been followed would have been extremely destructive to the future of the company. Now, If you’ve got passive funds that essentially defer responsibility for the vote to Glass Lewis and ISS, then you can have extremely disastrous consequences for a publicly traded company if too much of the publicly traded company is controlled by index funds. It’s de facto controlled by Glass Lewis and ISS. This is a fundamental problem for corporate governance, because they’re not voting along the lines that are actually good for shareholders. That’s the big issue, I mean, that’s what it comes down to. ISS Glass Lewis corporate terrorism. -Elon Musk, Tesla Q3 shareholder conference call, October 22, 2025

 

Be safe out there. It’s a wild world.

 
view more: next ›