Oculus founder Palmer Luckey accused U.S. technology companies of shying away from working with the U.S. military because they fear losing access to the Chinese market.
Oculus founder Palmer Luckey accused U.S. technology companies at a tech conference last week of shying away from working with the U.S. military because they fear losing access to the Chinese market.
Luckey founded the virtual reality hardware firm Oculus and has since moved on to run Anduril Industries, a startup that sells drone defense systems to the U.S. military and friendly countries.Fortune magazine on Wednesday, Luckey opined that he did not believe that tech companies were avoiding U.S. defense work out of any moral objection to working on military projects.
“I think that’s mostly a smokescreen for the real reason … which is, nobody wants to lose access to Chinese markets, Chinese capital, and Chinese manufacturing,” Luckey, according to the publication Fast Company, “especially companies like Apple that have invested literally hundreds of billions of dollars and will continue to invest hundreds of billions more.
“China has done an incredible job of using the blocking of access to their markets as a tool to get the culture of Western democracies to subvert itself to China,” hein a 2020 talk, according to the BBC, adding, “They don’t have to come after us militarily. They don’t have to cut our networks. All they have to do is invest in our companies, do partnerships with our companies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opinion | How tech billionaire Peter Thiel is scaring Republicans about 2022Opinion by Greg Sargent: Inside the weird nexus between reactionary capitalism and Trumpist right wing populism.
Read more »
Tech trade group calls for regulatory clarity, claiming crypto job losses threaten US interestsChamber of Progress financial policy director Janay Eyo urged the U.S. Congress to consider moving forward on “substantive legislation to ensure the future of our nation’s crypto industry,” citing concerns about jobs and the country’s position as a leader in global finance.
Read more »
Minecraft developer Mojang to restrict use of NFTs, blockchain tech with guideline updateThe developer of the popular video game, Mojango Studios, adopted a restrictive stance on NFTs and blockchain in a July 20 post.
Read more »
Man Charged in NY in $10M Tech Support Scheme That Targeted 7,500 Elderly PeopleA 34-year-old man is facing a litany of charges after being accused of defrauding at least 7,500 elderly victims out of a total of $10,000,000 in a tech support scheme, federal prosecutors in New York announced Wednesday. Vinoth Ponmara, a citizen of India, is charged with one count of wire fraud and one count of conspiracy to commit wire fraud,…
Read more »
How innovative tech reveals Stonehenge's secrets as never beforeFrom inventive photography to an interactive 3D model, storytelling tools take you deep into the mysteries of the iconic site.
Read more »
Microsoft Cuts Job Openings as Big Tech Worries About U.S. EconomyApple, Google, and Github have also pulled back on hiring recently.
Read more »