Gov. Stitt orders Oklahoma DPS to invest in drone monitoring tech

Unmanned Aircraft Systems as most people know them — drones — are getting increasingly popular across the U.S. As they do, regulations around when and where people can fly their drones are lagging behind Oklahoma’s and the nation’s need for them.Right now, federal law classifies drones as a form of airplane, meaning they’re protected from being shot down or otherwise disabled by local police without certain permissions.So, instead of destroying the drones, Stitt has opted to monitor and identify them to protect Oklahomans and the state’s critical infrastructure.“This technology is new, and because of that, we don’t have all the measures in place to ensure Oklahomans are protected from those who would use this technology to harm others,” Stitt said in a Monday press release.He directed the state’s public safety commissioner, Tim Tipton, to look into procuring tech that would meet the state’s needs. Tipton said he is ready to execute the governor’s order.The move follows a series of sightings of drones flying at night across the country, and a Biden administration calls for Congress to regulate them.Sightings occurred primarily in New Jersey over the weekend, but a few have been reported in Oklahoma.“While we’ve only had a few reports of drone activity in Oklahoma, we want to be ready in case the need arises,” said Commissioner Tipton. “I’m glad Governor Stitt takes this threat seriously and will equip the Department of Public Safety adequately.”At the national level, Biden’s Secretary of Homeland Security, Alejandro Mayorkas, told ABC News on Sunday that his department is working on identifying drones flying at night and better working with local authorities to address problematic ones.It would be good, Mayorkas said, if Congress allowed better and more streamlined avenues for local and federal authorities to cooperate.“It’s clear, as a number of us have said for years, that we need Congress to address the drone situation,” he said. “We want state and local authorities to also have the ability to counter drone activity under federal supervision.”For now, Mayorkas said no foreign involvement has been identified in connection to any of the spotted drones. And if people are concerned about the sightings happening specifically at night, it makes sense, he said, because the Federal Aviation Administration recently allowed unmanned aircraft to fly in low light.“There are more than 8,000 drones flown every day in the United States,” Mayorkas said.

Turkmenistan–USA: Expanding Horizons of Economic Cooperation

On 16 December 2024, the Turkmen-American Business Forum was held in the building of the Chamber of Commerce and Industry of Turkmenistan.

The Turkmen side was headed by Deputy Chairman of the Cabinet of Ministers of Turkmenistan Nokerguly Atagulyyev. The US delegation was headed by Executive Director of the «Turkmenistan-US» Business Council Eric Stewart.

Among the US companies represented at the forum were «Case New Holland», «Climate Compass», «Boeing», «John Deere», «Nicklaus Companies», «Westport Trading Europe» and others.

During the meeting, the sides discussed current issues of bilateral cooperation and outlined plans for the near future.

The importance of the «Turkmenistan-US» Business Council in the development of mutually beneficial ties between the two countries was emphasised. In this regard, the effectiveness of regular business meetings, forums and exhibitions held by the Council in cooperation with Turkmen partners was noted.

Among the priority areas of cooperation, the parties highlighted trade and investment activities in the field of supplying machinery for industry, agriculture and water management. In addition, the prospects for expanding partnership in such areas as fuel and energy complex, transport and communications, construction, innovative technologies, healthcare, ecology, etc. were announced.

American companies confirmed their interest in further expansion of partnership with Turkmenistan.

The participants of the Turkmen-American business forum also exchanged views on opportunities to expand trade turnover between the two countries and enhance bilateral cooperation in the field of high technology.

Representatives of relevant ministries, agencies and private companies of Turkmenistan met with American businessmen to discuss joint plans and projects.

Palantir’s Mike Gallagher Says Tech Startups Are Key to DoD Overhaul

Breadcrumb Trail LinksPMN BusinessExecutive wants DC to tap into Silicon Valley’s defense tech boom.Author of the article:Bloomberg NewsLizette ChapmanPublished Dec 17, 2024  •  5 minute readMike Gallagher Photo by David Paul Morris /BloombergArticle content(Bloomberg) — Mike Gallagher, former congressman turned Palantir Technologies Inc.’s head of defense, said the US Defense Department needs to overhaul its procurement process for a new era of modern warfare — and he’s stepping up efforts to seed startups that can help restore the country’s competitive edge.Article contentArticle contentGallagher was famous as a China hawk during his time on the Hill, and for spearheading the legislation that could ban TikTok on national security grounds. Now, he leads Palantir’s global defense efforts, and says he is focused on helping the US and its allies prepare for a technological arms race with China, while preventing military conflict with the Asian country.Advertisement 2Story continues belowThis advertisement has not loaded yet, but your article continues below.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman and others.Daily content from Financial Times, the world’s leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorArticle content“The status quo isn’t cutting it,” Gallagher said of the Defense Department’s cumbersome procurement process and insufficient weapons stockpile. As the Israel and Ukraine conflicts have shown, the advantage in global defense has shifted from militaries with pricey missiles and fighter jets to those with cheap and abundant drones, artificial intelligence and advanced software, he said. Palantir, the data analysis giant co-founded by Peter Thiel, has tightened its relationship with the US military in this year, winning a prime contract to develop an on-the-ground intelligence hub for the Army, and expanding its work on artificial intelligence. Palantir’s stock price more than quadrupled in 2024, making it more valuable than even traditional defense contractors Lockheed Martin Corp. and RTX Corp., formerly Raytheon.But the Defense Department must work with a wider variety of upstart defense and military tech companies and expand those contracts, Gallagher said. To that end, Gallagher is helping expand a program to smooth startups’ work with the US, and says he considers recruiting new participants as part of his job. While more startups are winning deals to develop cybersecurity and rocket technology, most of those contracts are small. “We still tend to dole out participation trophies to non-traditional companies,” Gallagher said. Top StoriesGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don’t see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againArticle contentAdvertisement 3Story continues belowThis advertisement has not loaded yet, but your article continues below.Article contentA robust defense tech ecosystem will be good for companies besides Palantir, he said. “If you have more players on your team, you’re going to have more influence,” and that will “increase the odds that we can get meaningful reform.”The foundation for the current era of defense tech companies was laid about 10 years ago, when Palantir and SpaceX successfully sued the US for the right to compete for government contracts. More recently, an upswell of tech patriotism paired with looming political conflicts during the Biden administration injected new life into the sector. Under Trump, many investors feel that the industry could be poised for more growth.Elon Musk, a key Trump ally, has said that tech’s new age of drones and technology will make traditional military systems obsolete. He also called the builders of the F-35 warplane, America’s most expensive weapons system, “idiots.” Such changes in battlefield technology have helped prompt private investors to plow historic sums into US defense startups, according to PitchBook data. Despite a recent pullback in VC investing, US-based investors have bet more than $150 billion on defense tech startups since 2019, and doled out more than $14 billion in the first eight months of 2024.Advertisement 4Story continues belowThis advertisement has not loaded yet, but your article continues below.Article contentGallagher hopes that a tighter Washington-Silicon Valley relationship will make the US more competitive against rivals like China, which aims to be the global AI powerhouse by 2030. Tensions between the two countries could escalate under Trump, who has vowed to impose a range of steep tariffs on Chinese imports. “We’ll have a more aggressive policy on China in the Trump 2.0 administration,” Gallagher said.To help accelerate tech’s role in defense, Palantir has been expanding its own efforts to strengthen the startup ecosystem, and bring more companies into the fold. Gallagher said that he spends a chunk of his time recruiting fledgling startups to partner with the company on a little known initiative aimed at expediting their entry into government contracting. The program, called FedStart, launched last year with the goal of easing the logistical and technical burdens for software startups doing business with the government.To join FedStart, startups pay a nominal fee to host their software on Palantir’s infrastructure, which is already compliant with security and other requirements for federal contractors. The arrangement aims to ensure software updates, repairs and other changes startups make remain accredited across different US agencies. The program also promises startups visibility by listing them in a federal marketplace and inviting them to Palantir-sponsored events in Washington attended by potential government customers. FedStart competes against companies like Second Front Systems Inc. in trying to streamline the process for startups seeking to do business with the government.Advertisement 5Story continues belowThis advertisement has not loaded yet, but your article continues below.Article content“This basically allows us to standardize,” said Anant Bhardwaj, the chief executive of AI data startup Instabase Inc., which is part of the FedStart program. Bhardwaj said his company, last valued at $2 billion, has successfully inked deals with at least three agencies. He said doing government deals would be “painful” without Palantir’s help. “Every agency has its own requirements. That’s not scalable at all.”The FedStart program is still small, with only about 15 participants that have been announced. But it’s popular with government agencies Gallagher said, as well as a growing number of startups. And it could also help to put Palantir at the center of a growing sector, even when it’s not the one selling the products. Palantir Chief Executive Officer Alex Karp described the larger defense strategy to analysts earlier this month as a calculated gesture of good will, as well as a political necessity. “Most people involved in tech innovation now view Palantir as their ally,” Karp told investors during a November earnings call. “They’re not hating the player, they’re playing with us.” Gallagher said that it’s good policy to work with a broad swath of companies. “By playing nice, it makes it easier.”Advertisement 6Story continues belowThis advertisement has not loaded yet, but your article continues below.Article contentThe industry is already tightly knit. Trump earlier this month named Jacob Helberg, previously Palantir special advisor to Karp, as Under Secretary of State for Economic Growth, Energy, and the Environment. And Palantir has partnered with two of the largest defense tech players, Anduril Industries Inc. and Scale AI. Both of those companies, which grew significantly during the Biden years, also have ties to the incoming Trump administration. For example, Anduril scored some of its earliest backing from Vice President-elect JD Vance while he worked as a venture investor at Revolution.Despite recent progress, most US spending on startups still goes to only one company — SpaceX — while the rest of the industry fights for the leftovers, according to the Silicon Valley Defense Group, which analyzes US spending on startups. Going forward, “there is certainly an appetite to shake things up within the DoD,” said the group’s Director of Operations Dylan Mullins.“It was headed that way, even if Harris had won,” Mullins said, referring to Democratic candidate Kamala Harris. “It will be way more accelerated now.”Article contentShare this article in your social networkComments Join the Conversation Featured Local Savings

Cassava Technologies secures $310 million in debt and equity funding to boost digital inclusion

Cassava Technologies, the parent company of Africa Data Centres has raised $310 million in funding. This was disclosed by the company in a statement seen by Technext. According to the statement, the company has achieved three significant milestones. They include a substantial equity injection of $90 million, the successful completion of its debt refinancing round to the tune of $220 million, and the finalization of its legal reorganization.

The equity investment round of $90 million saw participation from the U.S. International Development Finance Corporation (DFC), the Finnish Fund for Industrial Cooperation (Finnfund), and Google LLC. The company said the funding is a key part of its plan to strengthen its balance sheet, drive sustainable profitable growth, and cement its position as a global technology company of African heritage.

The $220 million debt funding was attracted by Liquid Intelligent Technologies, one of Cassava Technologies’ subsidiaries. Per the deal, the subsidiary successfully signed new facilities to refinance its South African Rand term loan on a multi-tenor basis. The new facilities, to be made available in South African Rands, will be provided by Standard Bank of South Africa, Rand Merchant Bank, Nedbank of South Africa, and International Finance Corporation (IFC).

The company said these strategic initiatives position it for robust growth underpinned by a strong balance sheet.

Cassava also said the conclusion of this equity round coincides with the successful reorganization of its business to create an integrated digital solutions platform. This platform provides Broadband Connectivity, Co-location (data centres), Cloud, Cybersecurity, Compute (AI), and Payment services across more than 30 markets in Africa, the Middle East, India, and Latin America.

Speaking about these milestones, the President and Group CEO of Cassava, Hardy Pemhiwa, said they collectively strengthen the company’s financial position and have the capacity to unlock immense value for the company.

“We are excited to announce these significant achievements, which collectively strengthen our financial position and are a powerful testament to the vision of our founder and Group Chairman, Strive Masiyiwa, and the dedication and commitment of our teams across the Group. The closing of this equity round, completion of our ZAR debt refinancing, and reorganization represent more than just capital – it’s a pivotal milestone that we expect to unlock immense value and catalyze the further expansion of our digital infrastructure and services to bridge the digital divide on the continent,” he said.

Cassava Technologies’ drive towards digital inclusion

Cassava Technologies prides itself as a global technology leader “of African heritage.” The company says it is providing a vertically integrated ecosystem of digital services and infrastructure enabling digital transformation across the globe. Headquartered in the UK, the company has a presence across Africa, the Middle East, Latin America, and the United States of America.

The company boasts several business units and subsidiaries like its artificial intelligence arm, Cassava AI; a telecommunications company, Liquid Intelligent Technologies; Liquid C2; Africa Data Centres; and its financial technology arm, Sasai Fintech. These subsidiaries have emerged as leaders in their respective sectors.

Mr Hardy Pemhiwa – President and Group Chief Executive Officer at Cassava Technologies

Through these subsidiaries, the company says it is providing its customers’ products and services in 94 countries. The integrated platform of business units also enables the Group to fulfil its vision of a digitally connected future that leaves no African behind. Thus, these solutions drive the company’s ambition of establishing itself as a leading global technology company of African heritage.

Cassava also prides itself in its impressive roster of shareholders. They include the Econet Group, British International Investment (BII), Public Investment Corporation (PIC), Royal Bafokeng Holdings (RBH), Africa-Export Import Bank (Afreximbank/FEDA), and Gateway Capital. This lineup has been made even more impressive with the addition of DFC, Google LLC, and Finnfund,

Trending story: From N8,100 to N9,000: an inDrive rider and driver clash over AC charges in Lagos