For the next level of having skin in the game, Anduril matched the Australian government dollar for dollar in their contract to develop their Ghost Shark coming in under budget and a year ahead of schedule. There is not a single defense prime that would share the risk with their clients, leading to delayed timelines and over budget projects still producing comfortable bonuses for the executives. Joe Lonsdale, Co-Founder at Epirus and 8VC, Josh Wolfe of Lux Capital and Matthew Steckman at Anduril share that they have been ready with the best products. They have just been pushing to get their foot in the door but are finally seeing a shift in culture and detail the potential this could bring about. This session was recorded live at The Hill & Valley Forum in 2024, a private bipartisan community of lawmakers and innovators committed to harnessing the power of technology to address America's most pressing national security challenges. The Hill & Valley podcast is part of the Turpentine podcast network. Learn more: www.turpentine.co LINKS: Watch this episode: https://youtu.be/4P2e3xKdtTw The Hill & Valley Forum: https://www.thehillandvalleyforum.com/ FOLLOW ON X: @JTLonsdale @wolfejosh @steck50 @anduriltech @SenatorRounds TIMESTAMPS: (00:00) Anduril winning the CCA Downselect (01:02) Opening Remarks from Senator Mike Rounds (02:16) Joe Lonsdale on applications of AI (02:44) Josh Wolfe on investing in defensetech (04:28) Matt Steckman on the watershed moment for Anduril (07:09) Future of warfare (09:46) Leveraging VC for Defense (12:35) The role of AI in modernizing Defense (15:14) Embracing New Entrants and Innovation in Defense Contracting (15:21) The significance of the Australian Project and Innovation Funding (18:06) The urgency of adopting new technologies in defense (25:50) AI's Potential beyond defense: healthcare and acquisition processes (29:23) Closing Remarks