As Pentagon leaders call for thousands of drones to face China, they are grappling with an uncomfortable reality: Silicon Valley is addicted to Chinese drone components.
With Elon Musk’s cost cutters due any day, military leaders are eyeing bloated contracts, programs and legacy weapons systems.
Chris Kirchner was arrested in 2023 following a Forbes investigation that revealed he overstated company financials and spent lavishly on personal expenses.
CX2, which is still in stealth, is being led by serial entrepreneur Nathan Mintz, who co-founded the counter-drone unicorn Epirus.
Ethan Thornton’s vision for Mach Industries wooed investors, but he has been hamstrung by technical challenges, safety hazards and a cavalier approach to leadership.
The U.S. Department of Justice plans to settle charges with Binance after years of investigating the crypto exchange.
Sam Altman has been pushed out of AI juggernaut Open AI after an internal review found he had not been forthcoming over representations made to the board.
Married billionaire Eric Schmidt launched a startup with 29-year-old entrepreneur Michelle Ritter while they were dating, blurring his professional and personal life.
Charges brought by the SEC and DOJ come months after Forbes reported that Chris Kirchner misrepresented company finances to the board.
The loan was among several deals struck with Jean Chalopin, the head of Deltec and Moonstone banks — and co-creator of Inspector Gadget — who forged a lucrative relationship with FTX.