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The Latest Breaking News from Trae Stephens

The defense tech boom has become a bubble—or it will be soon

Defense tech was once considered, at best, a fringe area for traditional VCs. Now, there could be a bubble.

Fortune

Gwyneth Paltrow knows exactly what she’s doing with this Israeli property ad

COMMENT: The Hollywood star-turned-wellness entrepreneur has been officially cancelled by Colin Firth’s ex-wife, amid backlash from many others, after appearing in an advert for luxury condos in Israel. Helen Coffey asks if this reaction is exactly what she wants

The Independent UK

Gwyneth Paltrow clarifies political views after her husband believed her to be a Republican

The ‘Marty Supreme’ star said her husband is ‘so progressive’

The Independent UK

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Anduril’s Trae Stephens says defense tech is headed for a shakeout

The Anduril co-founder warns that sky-high valuations, too much venture capital, and unrealistic expectations could drive much of the industry into collapse.

Fortune

'Change the World' idealism is dying in Silicon Valley. We’ll miss it when it’s gone

"City on the Edge" author Jonathan Weber says the techno-optimism accompanying today's AI boom is missing the values that made Silicon Valley great.

Fortune

Exclusive: Roadrunner raises $27 million from Kleiner Perkins and Founders Fund

A Kleiner partner vibe-coded his way to a startup incubated inside his firm.

Fortune

Washington and Silicon Valley have found their common enemy: China

Lawmakers and tech executives may not agree on how to regulate AI, but they agree who the enemy is.

Fortune

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Defense tech startup Anduril has hired more than 1,000 employees in 9 months as it prepares to build unmanned jet fighters for the Air Force

Anduril executive chairman Trae Stephens said the company now has more than 3,500 employees.

Fortune

Exclusive: Primer, a VC-backed startup helping teachers launch their own microschools, notches legislative victory in Florida

VC-backed Primer successfully partnered with the Florida House and Senate to pass HB1285, an amendment to the state's educational omnibus bill, expanding potential school sites to more than 50,000 locations.

Fortune

Exclusive: Armada lands $40 million in funding round led by Microsoft’s M12

Armada came out of stealth in 2023, and has so far raised $100 million, having just announced its Series A in December. And now, Fortune can exclusively report, it has scored another $40 million from Microsoft’s venture fund, M12.

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