Defense Startup Shield AI in Talks for Valuation of at Least $20 Billion

Defense startup Shield AI is in talks to raise new funds at a valuation of at least $20 billion, according to a person with knowledge of the fundraise. The funding round, if closed, would represent a roughly 60% increase in Shield's valuation from just five months ago. The 11-year-old company has successfully won contracts for its AI software called Hivemind, which coordinates drones and aircraft. The planned funding round comes as investors continue to pour money into startups building AI-powered weapons and defense systems.

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