Navy Tech Chief Outlines Investment Priorities From AI to Quantum Computing
Justin Fanelli says the Navy is looking to co-invest alongside venture capitalists rather than fund early-stage research alone, citing a recent $562 million autonomous refueling contract as a model for future deals.
The U.S. Navy's chief technology officer, Justin Fanelli, has outlined an updated list of technology priorities for the service, spanning artificial intelligence to quantum computing, according to comments reported by TechCrunch.
Fanelli described a shift in how the Navy approaches funding for emerging technologies, saying the service intends to co-invest alongside venture capital firms rather than solely financing early-stage research on its own, TechCrunch reported.
As an example of the Navy's recent investment approach, Fanelli pointed to a $562 million contract for autonomous refueling technology, according to the report.
The comments were framed as a pitch to investors and startup founders, with Fanelli indicating where he believes technology companies should focus their efforts going forward, TechCrunch said.
Further details of the Navy's specific technology wish list beyond the general categories of AI and quantum computing were not fully detailed in the available excerpt of the report.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Navy’s Tech Chief Pitches Co-Investment Model to Venture Capitalists
Justin Fanelli, the Navy’s chief technology officer, describes a shift toward co-investing alongside venture capital firms rather than funding early-stage research directly, according to an interview published by TechCrunch.
Trump Says US Will Create an ‘AI Force’ Modeled on Space Force
The US president did not specify whether the initiative would involve establishing a new branch of the armed forces, according to TASS.
China Pushes Back on US Warnings to Slow AI Development, Guardian Reports
Beijing officials and businesses argue calls for caution are designed to preserve America's technological lead, according to a Guardian report
AI industry workers express skepticism about existential risk warnings
Multiple employees at leading AI companies doubt predictions that the technology could pose catastrophic threats to humanity.
Trump Announces Plans for 'AI Force' and Artificial Intelligence Tsar
President says his administration will not "hinder or stifle" the growth of artificial intelligence, amid ongoing warnings about the technology's risks
Trump Proposes Renaming ‘AI,’ Announces Plan for New ‘AI Force’
President says he wants a new name for artificial intelligence and plans to create an “AI Force,” while dismissing public unease over AI as a partisan hoax.
Comments
Loading comments…