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Anthropic bid $100 million for the Pentagon drone swarm project, but was not selected; SpaceX and OpenAI camps emerged victorious

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**Anthropic Unselected for Pentagon’s $100M Drone Swarm Challenge; OpenAI Secures New Classified DoD AI Deal** Anthropic submitted a proposal earlier this year to compete in the Pentagon’s $100 million Orchestrator Prize Challenge, which aims to develop voice-controlled autonomous drone swarm technology. The challenge—led by the Defense Autonomous Warfare Group (DAWG) under U.S. Special Operations Command (SOCOM) and the Defense Innovation Unit (DIU)—includes five phases: starting with software development, advancing to live-fire tests, and later focusing on “target perception and sharing” and “from launch to effects.” Anthropic’s pitch centered on its Claude AI, which translates commander intent into digital commands to coordinate drone swarms. The plan excluded autonomous targeting or weapon decisions, with human oversight required at all times. The company also proposed a joint research effort with the Pentagon to securely develop and assess autonomous weapon capabilities, arguing its proposal did not cross its “no fully autonomous weapons” red line (humans could monitor and terminate the system at any point). Bloomberg could not confirm why Anthropic was not selected. Chosen proposals include a joint bid from SpaceX and xAI, plus two defense tech firms (one being autonomous military vehicle testing contractor Applied Intuition) that list OpenAI as an AI partner. OpenAI’s technology will support “mission control” by converting voice commands into digital instructions. Hours after the Pentagon announced a ban last Friday on its contractors engaging in commercial activity with Anthropic, OpenAI revealed a new agreement with the Department of Defense (DoD) to use its AI tools on a classified cloud system. Anthropic declined to comment. (Source: Bloomberg)
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Summary: Multiple Whales Long Mainstream Cryptocurrencies, Analysts Caution Investors

**March 3rd Crypto Update** Bitcoin led a brief rebound followed by a sharp drop across crypto markets overnight and into Thursday morning. Amid Wednesday afternoon’s decline, several whales ramped up long positions on major assets: - On Hyperliquid, the largest ETH long holder added BTC longs—now holding 120,000 ETH and 550 BTC long contracts, with a total position value of ~$277 million. - Two newly created wallets received 1,124.57 BTC (~$77.09 million) from BitGo at 1 PM ET Wednesday. - The address *pension-usdt.eth* (0x0ddf…) continued accumulating BTC after it fell below $68,000. It now holds a 3x leveraged BTC long worth $66.5 million, with an average entry price of ~$67,522. Unrealized loss stands at $1.08 million (-4.8%), making it the largest on-chain BTC whale long position. Despite whale bullishness, investors remain cautious amid Iran-related uncertainty, per institutional views: - Garrett Jin (agent for “BTC OG Insider Whale”) posted on X: “Watch oil, the U

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Tron's 24-hour revenue reached $1.1M, up 56% from yesterday and far ahead of other blockchains.

Tron's 24-hour revenue reached $1.1M, up 56% from yesterday and far ahead of other blockchains.

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European Major Stock Markets Extend Losses

Major European stock markets extended losses on March 3, with Germany’s DAX plunging 4% intraday, the Euro Stoxx 50 falling 3.7%, the UK’s FTSE 100 and France’s CAC 40 dropping 3%, according to FXStreet.

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WTI Crude Oil Surges 7% Intraday, Surpasses $76 Per Barrel

As of March 3, Bitget market data shows WTI crude oil surged 7% intraday to $76 per barrel, while Brent crude rose 5.7% intraday and was last trading at $82.14 per barrel.

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Wintermute: Despite a brief rebound on Monday, the market remains fragile, so caution is advised

March 3rd — Wintermute released a market update noting Iran’s geopolitical tensions have driven significant volatility in risk assets. For crypto: The weekend downturn absorbed the first wave of geopolitical panic, while the rebound stemmed from the market’s belief that Bitcoin’s 45% pullback from its all-time high has already absorbed most losses. However, the energy factor remains underestimated: Sustained high oil prices could keep inflation elevated — a setback for global central banks that had hoped for cooling inflation, potentially delaying Fed rate cuts. Crypto is at a disadvantage in this dynamic. Though ETF inflows have picked up recently, institutional participation is now far lower than during the $85k–$95k range seen between November 2023 and September 2024. Back then, institutions traded actively (especially on dips); today, buying interest is scarce, leaving the market fragile. Altcoins are tracking the typical bear market playbook: Positive moves are short-live

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YZi Labs Investment Partner Dana Hou Has Resigned

On March 3, YZi Labs Investment Partner Dana Hou tweeted that she has wrapped up her nearly four-year tenure at YZi Labs (formerly Binance Labs). Before joining Binance, Hou worked at Alibaba and Kuaishou, and was a macro strategist at Goldman Sachs.

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