Tech & AI News
Hacker News

Silicon Valley Is Transforming the Military-Industrial Complex

From 2018-2022, Microsoft, Amazon, and Alphabet secured about $28 billion in U.S. defense contracts, while the five largest tech contracts from 2019-2022 total at least $53 billion. Venture-capital funding for defense-tech startups rose to nearly $100 billion between 2021-2023, a 40% increase over the previous seven years, driving the creation of costly AI-enabled systems criticized as ineffective, unpredictable, and unsafe.