Latest news with #OSTP
Yahoo
2 days ago
- Business
- Yahoo
President Trump's Executive Order Highlights the Strategic Importance of VTOL Sector
XTI Aerospace expects Trump Executive Order to accelerate VTOL development for commercial and military applications ENGLEWOOD, Colo., June 10, 2025 /PRNewswire/ -- Commending President Trump's recent Executive Order aimed at accelerating domestic drone production and strengthening U.S. leadership in advanced air mobility, XTI Aerospace (NASDAQ: XTIA) is issuing the following statement reinforcing the critical role of vertical takeoff and landing (VTOL) technology to meet national security priorities and a rapidly evolving commercial market. "The Executive Order recognizes what many of us in the aerospace industry see clearly every day: the future of air mobility — both civilian and defense — depends on agility and vertical, runway-independent capability," said Scott Pomeroy, Chairman and CEO of XTI Aerospace. "VTOL aircraft are not only central to next-generation UAS (drone) platforms and urban air mobility applications but also air medical, disaster response, military, cargo logistics, and emergency preparedness." XTI Aerospace, developer of the TriFan 600 — a VTOL airplane capable of a range of nearly 1,000 miles at speeds over 300 mph — is uniquely positioned to serve a diverse range of emerging military, commercial, private, and strategic public-sector mission-specific and purpose-driven initiatives. The TriFan 600 is designed to operate using existing infrastructure and without dependence on charging systems, a key differentiator and accelerator to market. XTI Aerospace is a leader in xVTOL and the Vertical Economy and is pursuing strategic initiatives across manned and unmanned aerial systems (UAS / drone) that build off, and or complement, its flagship TriFan platform. Notably, the Executive Order directs the Secretary of Transportation, in consultation with the Director of the Office of Science and Technology Policy (OSTP), to expand the pilot program to other advanced aviation aircraft as warranted. XTI Aerospace believes this language reflects the federal government's intent to create space for xVTOL platforms like the TriFan 600. The Executive Order is expected to deliver several benefits to VTOL aircraft innovators like XTI including the following: Establishes Formal eVTOL Integration Pilot Program (eIPP): Mandates the creation of a dedicated program to accelerate real-world testing and deployment of VTOL aircraft across at least five selected pilot projects. XTI intends to vigorously pursue admission into this program. Accelerates Rulemaking: Mandates the FAA issue proposed BVLOS (beyond visual line of sight) rules within 30 days and finalize them within 240—potentially accelerating autonomous and long-range UAS commercialization. Streamlines Regulatory Barriers: Directs agencies to reduce redundant approvals and coordinate across FAA, OSTP, and DoD, speeding VTOL certification and operational clearances. Expands Vendor Access to Test Ranges: Opens federal test ranges and infrastructure to qualified U.S. VTOL developers, reducing cost and time to trial advanced systems. Prioritizes U.S.-Made Aircraft in Procurement: Directs federal agencies to prefer U.S.-built aerial mobility platforms—supporting domestic manufacturers in both defense and civilian contracts. Promotes Export of American VTOL Technology: Encourages diplomatic and trade efforts to promote U.S.-developed VTOL systems in global markets, boosting commercial opportunities abroad. Supports Dual-Use (Commercial & Military) Platforms: Positions VTOL aircraft as tools for national security, emergency response, and logistics, opening access to both defense and public-sector procurement channels. "The ability to expand this pilot program beyond drones and short-range eVTOLs to encompass broader VTOL missions signals a shift in U.S. aerospace policy — one that shares our view at XTI that innovation must be operationally feasible and commercially viable," Mr. Pomeroy added. About XTI Aerospace, Inc. XTI Aerospace ( (Nasdaq: XTIA) is the parent company of XTI Aircraft Company, an aviation business based near Denver, Colorado, currently developing the TriFan 600, a fixed-wing business aircraft designed to have the vertical takeoff and landing (VTOL) capability of a helicopter, maximum cruising speeds of 311 mph and a range of 985 miles, creating an entirely new category – the xVTOL. Additionally, the Inpixon ( business unit of XTI Aerospace is a leader in real-time location systems (RTLS) technology with customers around the world who use the company's location intelligence solutions in factories and other industrial facilities to help optimize operations, increase productivity, and enhance safety. For more information about XTI, please visit and follow XTI on LinkedIn, Instagram, X, and YouTube. Cautionary Statement Regarding Forward-Looking Statements This press release contains certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act. All statements other than statements of historical fact contained in this press release, including, without limitation, statements about the products under development by XTI, the advantages of XTI's technology, and XTI's customers, plans and strategies are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "believe," "continue," "could," "would," "will," "estimate," "expect," "intend," "plan," "target," "projects," or the negatives of these terms or variations of them or similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. All forward-looking statements are based upon estimates, forecasts, and assumptions that, while considered reasonable by XTI Aerospace and its management, are inherently uncertain, and many factors may cause the actual results to differ materially from current expectations. XTI undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that might subsequently arise. Readers are urged to carefully review and consider the risk factors discussed from time to time in XTI's filings with the SEC, including those factors discussed under the caption "Risk Factors" in its most recent annual report on Form 10-K, filed with the SEC on April 15, 2025, and in subsequent reports filed with or furnished to the SEC. Contacts General inquiries:Email: contact@ Web: Investor Relations:Dave Gentry, CEORedChip Companies, 1-407-644-4256Email: XTIA@ View original content to download multimedia: SOURCE XTI Aerospace, Inc. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
New York Post
08-05-2025
- Business
- New York Post
Michael Kratsios — Trump's go-to tech policy guy — reveals how the US needs to step up its innovation plan
In just the last few months, new reports show artificial intelligence can complete high level work —like creating decks at elite consulting firms — and Elon Musk has put the odds of humanity's annihilation from AI at 20%. Michael Kratsios — who may be the most important man you've never heard of — is at the tip of the spear when it comes to making sure America dominates AI and every other facet of tech and science. Kratsios runs the relatively unknown White House Office of Science and Technology Policy (OSTP), which means he serves as Trump's top technology advisor and is responsible for tech and science policy across federal agencies. He is also tasked with ensuring the U.S. leads in science and tech and that it actually benefits the American worker. 3 Michael Kratsios runs the relatively unknown White House Office of Science and Technology Policy (OSTP), which is responsible for tech policy across agencies. We spoke with him in an exclusive interview about what keeps him up at night; what his AI action plan, set to be unveiled in July, may look like; and how he believes the average American will benefit from this new technology. In some ways, he thinks one of the biggest changes Trump has made is bringing a new mindset to government. 'The Biden administration led by spirit of fear rather than promise — analyzing and trying to anticipate harm that technology can bring to the country,' he told me. 'We can harness [AI] for the benefit of the American people… to improve the American way of life, to increase our national security, to increase economic growth, to empower American workers.' While the U.S. is poised to be the AI powerhouse, it is in no way guaranteed. 'The US has shown we can continue to outpace the world in leading edge technology … but the real question is if no one is using it, if the government is not adopting it, if we're not putting it into practice at the Department of Defense, in our intelligence community, if our greatest American companies … that worries me,' he told me. 3 Kratsios is Donald Trump's top tech advisor — and the president has tasked him with creating an AI agenda. REUTERS Kratsios took the helm earlier this year after serving as America's CTO in Donald Trump's first administration and several stints in the private sector. (He was formerly Managing Director of Scale AI and Chief of Staff for Silicon Valley investor Peter Thiel). His biggest concern, he told me, is that the US isn't adopting our own technology or exporting it as rapidly, as China has done (Deepseek is a notable example). Actually exporting new technology like an AI stack (the tools and frameworks that build and manage AI), he believes is still something we're learning to do. 'The US government has been very good at exporting legacy hardware,' he said. 'But the ability the US government has in supporting the export of high end technology and software is not very deep.' Adopting and exporting technology has become a priority — it's why J.D. Vance went to the AI Summit in Paris and why Trump pushed for a $500 billion AI investment from Masa Son, Larry Ellison, and Sam Altman. 3 Kratsios said, 'We have the opportunity to harness these amazing technologies to make the lives of Americans better and to ensure a long-term economic and national security. And the only way that we can do this is to intentionally choose it.' MIGUEL A LOPES/EPA-EFE/Shutterstock 'We have to do better in adopting [our own innovation] here at home and abroad … so that it becomes kind of a de facto technology that everyone uses. Everything should be running on American chips and American models. And we have that opportunity, if we just get our act together and make it happen.' His first priority is writing an AI action plan — something the President has signed an executive order to do — that will detail policies America needs to dominate AI. They are still receiving comments from roughly 10,000 people, in a sign of just how significant tech's reach is. This story is part of NYNext, an indispensable insider insight into the innovations, moonshots and political chess moves that matter most to NYC's power players (and those who aspire to be). 'The community that's interested in tech and tech policy has gotten so broad,' he notes. But the challenge he must strike is to unleash American technology while still providing guidelines. Adversaries like China and Russia are more focused on building than reining in advancement. 'We are in a privileged position — everyone in the world wants to use our technology,' he said. 'We just have to be better at getting it out there and aligning with many of the trade deals that the president and his team are working on… because we know our adversaries are going to try to subsidize and export their AI stack. And I think it's most critical that we beat them to the punch.' The other key element of his job is to make sure technology benefits average Americans. In the next five years it may mean most Americans have simpler healthcare — faster and more accurate diagnoses — and even a personal assistant. 'It'll make a lot of those daily activities much more automated and less stressful,' he said. 'We have the opportunity to harness these amazing technologies to make the lives of Americans better and to ensure long-term economic and national security. And the only way that we can do this is to intentionally choose it.' Send NYNext a tip: nynextlydia@
Yahoo
26-03-2025
- Business
- Yahoo
Senate confirms Michael Kratsios to lead White House science, tech office
The Senate confirmed Michael Kratsios to head the White House's Office of Science and Technology Policy (OSTP) with bipartisan support. Kratsios, who was Trump's chief technology officer during his first White House term, was approved Tuesday by the upper chamber in a 74-25 vote. Kratsios will play a crucial role in molding the administration's artificial intelligence (AI) agenda and will assist Trump in science and technology. 'It's an honor to serve as Director of the @whitehouse Office of Science & Technology Policy,' Kratsios said in a Tuesday post on the social platform X. 'Advancing American dominance in AI, emerging tech, and breakthrough science has never been so critical. Under @POTUS' leadership, we will unleash the Golden Age of American Innovation!' Trump announced in December last year that he would tap Kratsios to be the director of OSTP. Kratsios graduated from Princeton University and has most recently been a managing director at Scale AI, a data annotation company based in San Francisco, according to his LinkedIn. During his February confirmation hearing in front of the Senate Committee on Commerce, Science, and Transportation, Kratsios said it was paramount for the U.S. to continue being the world leader in emerging technologies and showed backing for federal funding for research and development. He defended cuts at the National Science Foundation and other agencies. Kratsios was advanced out of the committee with a 24-4 vote. Kratsios's Tuesday confirmation was also praised by Sriram Krishnan, an Indian American entrepreneur, who Trump named as his senior advisor for AI. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Hill
25-03-2025
- Business
- The Hill
Senate confirms Michael Kratsios to lead White House science, tech office
The Senate confirmed Michael Kratsios to head the White House's Office of Science and Technology Policy (OSTP) with bipartisan support. Kratsios, who was Trump's chief technology officer during his first White House term, was approved Tuesday by the upper chamber in a 74-25 vote. Kratsios will play a crucial role in molding the administration's artificial intelligence (AI) agenda and will assist Trump in science and technology. 'It's an honor to serve as Director of the @whitehouse Office of Science & Technology Policy,' Kratsios said in a Tuesday post on social media platform X. 'Advancing American dominance in AI, emerging tech, and breakthrough science has never been so critical. Under @POTUS' leadership, we will unleash the Golden Age of American Innovation!' Trump announced in December last year that he would tap Kratsios to be the director of OSTP. Kratsios graduated from Princeton University and has most recently been a managing director at Scale AI, a data annotation company based in San Francisco, according to his LinkedIn. During his February confirmation hearing in front of the Senate Committee on Commerce, Science, and Transportation, Kratsios said it was paramount for the U.S. to continue being the world leader in emerging technologies and showed backing for federal funding for research and development. He defended cuts at the National Science Foundation and other agencies. Kratsios was advanced out of the committee with a 24-4 vote. Kratsios' Tuesday confirmation was also praised by Sriram Krishnan, an Indian-American entrepreneur, who Trump named as his senior advisor for AI.
Yahoo
14-03-2025
- Business
- Yahoo
OpenAI seeks relief from state regulations in US
OpenAI has appealed to the US government for relief from restrictive state regulations, advocating for federal protection to support AI innovation. In its submission to the White House Office of Science and Technology Policy (OSTP), OpenAI highlighted the risk of fragmented state laws hindering progress and giving China a competitive edge. The appeal is part of OpenAI's response to a request for public input by the OSTP in February, as the Trump administration prepares a new AI policy. President Donald Trump had previously rescinded the Biden administration's executive order on AI, directing the science office to develop an AI Action Plan by July 2025, reported Bloomberg. The absence of federal AI legislation has led to states considering new measures on issues such as deepfakes and AI bias. OpenAI's proposal includes a public-private partnership model to enable AI developers to collaborate with federal agencies, avoiding burdensome state regulations. The company warns that excessive legal constraints could stifle AI progress in the US, benefiting competitors such as China. In a statement, OpenAI said: 'We propose a holistic approach that enables voluntary partnership between the federal government and the private sector, and neutralizes potential PRC benefit from American AI companies having to comply with overly burdensome state laws.' OpenAI also outlined policy recommendations to bolster US AI leadership. These include an export control strategy to expand democratic AI systems globally while restricting China's access, and balanced copyright policies to protect AI's learning capabilities without infringing on content creators' rights. The ChatGPT maker stressed the need for infrastructure investment, urging the federal government to prioritise AI-ready infrastructure, energy modernisation, and workforce development. The company also recommended that the US government lead by example in AI adoption, modernising public administration, security, and defence to match China's AI integration. In a separate development, Nikkei reported that SoftBank plans to use a former Sharp LCD panel plant in Japan as a data centre for AI agents developed with OpenAI. The Japanese telecoms company is expected to acquire the facility in Sakai, Osaka, for around Y100bn ($676m). OpenAI and SoftBank are also collaborating on Stargate, a $500bn AI initiative to develop advanced infrastructure. "OpenAI seeks relief from state regulations in US " was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
