#Anduril

Defense AI absorbed $6.2 billion this week. Strip it, and the rest of the market shrank by half.

Defense AI absorbed 44% of venture capital in the week of May 11-17, 2026. Strip Anduril and Helsing, and non-defense funding shrank 53%. Five signals from a split market week.

America's Industrial Blind Spot: The Defense Production Gap

The Coherent Thesis of Building: From Toys to Geopolitics in the AI Era