logo
Taiwan's Military Plans New Drone Units in Preparation for Potential China Invasion

Taiwan's Military Plans New Drone Units in Preparation for Potential China Invasion

TAIPEI—Taiwan will commission its first-ever army drone units this year and introduce sea drones to its naval forces, part of its efforts to modernize its arsenal with cutting-edge technology to prepare for a potential Chinese invasion, Defense Minister Wellington Koo said in an interview.
The steps fit into a shift from a focus on traditional forces to building up its capabilities intended to make China think twice before attacking. Taiwan's marines have already transformed some tank and artillery battalions into drone squads, according to Koo.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Switch 2's Record Sales Make It Nintendo's Fastest-Selling Console
Switch 2's Record Sales Make It Nintendo's Fastest-Selling Console

Wall Street Journal

time23 minutes ago

  • Wall Street Journal

Switch 2's Record Sales Make It Nintendo's Fastest-Selling Console

TOKYO—Nintendo 7974 -3.76%decrease; red down pointing triangle seems to have hit a home run with the Switch 2, as red-hot demand for the gaming device makes it the fastest-selling console in the company's history. The Switch 2—Nintendo's first new gaming device in eight years—has sold over 3.5 million units worldwide since its June 5 launch. That is the highest tally for the first four days of sales for any Nintendo console, the Japanese company said Wednesday.

PowerUp Money Raises $7.1M in Seed Round to Expand Wealth Advisory Platform
PowerUp Money Raises $7.1M in Seed Round to Expand Wealth Advisory Platform

Entrepreneur

timean hour ago

  • Entrepreneur

PowerUp Money Raises $7.1M in Seed Round to Expand Wealth Advisory Platform

With an aim to onboard 10 million users over the next three years, the platform promises to make goal-based investing more accessible while simplifying portfolio tracking and financial planning You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Wealthtech startup PowerUp Money has raised $7.1 million in seed funding to fuel its ambition of reshaping investment advisory for India's growing base of retail investors. The round was co-led by Accel, Blume Ventures, and Kae Capital, with participation from 8i Ventures, DeVC, and several angel investors. The Bengaluru-based startup plans to use the capital to enhance its investment intelligence engine, scale advisory services, and accelerate product development. The company's flagship offering, Power Mutual Funds, launched in April, has already attracted over 25,000 users, with assets under management touching INR 3,000 crore ($350 million). With an aim to onboard 10 million users over the next three years, PowerUp Money is positioning itself as a digital-first alternative to traditional wealth management. The platform promises to make goal-based investing more accessible while simplifying portfolio tracking and financial planning. "Most Indian investors start with SIPs or one-time investments, but don't know what to do next. Portfolios are left unattended for years—we want to fix this," said CEO, Prateek Jindal, in a statement. "We want to empower every investor with the right research and tools in a way that's simple and effortless. Getting the right advice at the right time compounds not just your money but also your confidence as an investor." The company's broader product suite includes Power FD, which offers access to high-interest fixed deposits from RBI-regulated entities, and Power Age, a planning tool aimed at helping users chart a course to financial independence. One of its premium offerings, PowerUp Elite, charges an annual fee of INR 999 for institutional-grade research and tailored portfolio advice—services typically reserved for high-net-worth individuals. Backing the startup, Ashish Fafadia, partner at Blume Ventures, said, "India's wealthtech story is just getting started—and now wealth advisory time has come, especially as investable surplus grows and investor participation broadens. PowerUp has the right ingredients: a strong product, a deep understanding of user behaviour, and the ability to scale." Accel's Prayank Swaroop echoed this sentiment, highlighting the shift in the market from just providing access to investment products to delivering actionable advice. "PowerUp is taking a unique approach, backed by deep user understanding and reimagining what investment advisory should look like for the digital investor," he said. "With PowerUp Elite, they're putting high quality investment research and guidance in the hands of every Indian — without the high fees of traditional wealth managers."

U.S. Army deploys cutting-edge $13M smart rifle scopes that automatically shoot down enemy drones in combat
U.S. Army deploys cutting-edge $13M smart rifle scopes that automatically shoot down enemy drones in combat

Yahoo

timean hour ago

  • Yahoo

U.S. Army deploys cutting-edge $13M smart rifle scopes that automatically shoot down enemy drones in combat

The U.S. Army is giving its soldiers a high-tech edge in the fight against drones, and it's called SMASH. During a live-fire training exercise on June 6 in Germany, a soldier with the 3rd Squadron, 2nd Cavalry Regiment used the SMASH 2000L smart scope mounted on an M4A1 rifle to target drones in the sky. The demo was part of Project Flytrap, a multinational training Drone Wars Are Already Here And The Us Is Horribly Unprepared The SMASH 2000L, made by Israeli company Smart Shooter Ltd., is no ordinary sight. It uses cameras, sensors, and artificial intelligence to track targets and decides the perfect time to fire, according to reporting from Army Recognition. Once a drone is locked in, the system controls the trigger and only fires when a hit is guaranteed. In May, the Army awarded Smart Shooter a $13 million contract to begin delivering these scopes to troops under its Transformation In Contact (TIC 2.0) program. The goal is to quickly get new, useful tech into soldiers' hands. Ukraine's Surprise Attack Shows It May Take A 'Major Drone Strike' To Change Us Defense Policy, Experts Say The smart scope weighs about 2.5 pounds and fits onto standard-issue rifles. It has already been used by NATO partners and tested in combat zones. Read On The Fox News App In the ongoing Ukraine war, both sides use less expensive drones to drop explosives or spy on troops. In Israel, terrorists have flown quadcopters into military positions. These small drones are fast, quiet, and deadly. Until now, stopping drones often meant using big, complex systems but SMASH changes that. With SMASH, a single soldier can knock a drone out of the sky without needing article source: U.S. Army deploys cutting-edge $13M smart rifle scopes that automatically shoot down enemy drones in combat

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store