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The US Navy Is More Aggressively Telling Startups, 'We Want You'

Slashdot
1 month 3 weeks ago
An anonymous reader quotes a report from TechCrunch: While Silicon Valley executives like those from Palantir, Meta, and OpenAI are grabbing headlines for trading their Brunello Cucinelli vests for Army Reserve uniforms, a quieter transformation has been underway in the U.S. Navy. How so? Well, the Navy's chief technology officer, Justin Fanelli, says he has spent the last two and a half years cutting through the red tape and shrinking the protracted procurement cycles that once made working with the military a nightmare for startups. The efforts represent a less visible but potentially more meaningful remaking that aims to see the government move faster and be smarter about where it's committing dollars. "We're more open for business and partnerships than we've ever been before," Fanelli told TechCrunch in a recent episode of StrictlyVC Download. "We're humble and listening more than before, and we recognize that if an organization shows us how we can do business differently, we want that to be a partnership." Right now, many of these partnerships are being facilitated through what Fanelli calls the Navy's innovation adoption kit, a series of frameworks and tools that aim to bridge the so-called Valley of Death, where promising tech dies on its path from prototype to production. "Your granddaddy's government had a spaghetti chart for how to get in," Fanelli said. "Now it's a funnel, and we are saying, if you can show that you have outsized outcomes, then we want to designate you as an enterprise service." In one recent case, the Navy went from a Request for Proposal (RFP) to pilot deployment in under six months with Via, an eight-year-old, Somerville, Massachusetts-based cybersecurity startup that helps big organizations protect sensitive data and digital identities through, in part, decentralization, meaning the data isn't stored in one central spot that can be hacked. (Another of Via's clients is the U.S. Air Force.) The Navy's new approach operates on what Fanelli calls a "horizon" model, borrowed and adapted from McKinsey's innovation framework. Companies move through three phases: evaluation, structured piloting, and scaling to enterprise services. The key difference from traditional government contracting, Fanelli says, is that the Navy now leads with problems rather than predetermined solutions. "Instead of specifying, 'Hey, we'd like this problem solved in a way that we've always had it,' we just say, 'We have a problem, who wants to solve this, and how will you solve it?'" Fanelli said.

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UK students flock to AI to help them cheat

The Register
1 month 3 weeks ago
No need to plagiarize if you can have AI do it for you

A series of Freedom of Information requests shows that students in British universities are increasingly getting busted for using AI to cheat.…

Iain Thomson

Obscure Chinese Stock Scams Dupe American Investors by the Thousands

Slashdot
1 month 3 weeks ago
Thousands of American investors have lost millions of dollars to sophisticated pump-and-dump schemes involving small Chinese companies listed on Nasdaq, prompting the Justice Department to declare the fraud a priority under the Trump administration's white-collar enforcement program. The scams recruit victims through social media ads and WhatsApp messages, directing them to purchase shares in obscure Chinese firms whose stock prices are artificially inflated before collapsing. Since 2020, nearly 60 China-based companies have conducted initial public offerings on Nasdaq raising $15 million or less each, with more than one-third experiencing sudden single-day price drops exceeding 50%. In one recent case, seven traders earned over $480 million by defrauding 600 victims who purchased shares in China Liberal Education Holdings.

Read more of this story at Slashdot.

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