Funded by Anduril cofounder Palmer Luckey and Palantir cofounder Joe Lonsdale, the new bank—named, like their companies, after Tolkien lore—aims to serve startups in crypto, AI, and defense.

Palmer Luckey’s sold-out, souped-up cartridge-only console clone is back—and this time, it wants to live forever.

Meta is bidding to build high-tech wearables for the US Army, as reported by Wall Street Journal. The company is teaming up with Palmer Luckey's defense firm Anduril Industries on the project, which has been dubbed EagleEye. The contract is worth around $100 million, though it hasn't been awarded yet. It's part of a larger $22 billion Army wearables project of which Anduril is the lead vendor. As expected from Meta and Luckey, EagleEye will be a line of tech-forward helmets, glasses and other wearables that provide an augmented reality or virtual reality experience. Reporting indicates that these devices will include sensors that enhance the hearing and vision of soldiers. Meta CEO Mark Zuckerberg said in a statement that this tech will “protect our interests at home and abroad.” Anduril and Meta have teamed up to make the world's best AR and VR systems for the United States Military. Leveraging Meta's massive investments in XR technology for our troops will save countless lives and dollars. pic.twitter.com/t9d2vRInSe— Palmer Luckey (@PalmerLuckey) May 29, 2025 This could be used to detect drones flying miles away, for instance, or to suss out hidden targets. It'll also allow these soldiers to interact with AI-powered weapon systems, as Anduril's autonomy software and Meta's AI models will underpin each device. This all sounds very dystopian, but such are the times we find ourselves in. “I have successfully persuaded not just Meta but many others that working with the military is important," Palmer Luckey said in an interview, speaking on Big Tech's embrace of defense contract work. He's become a big player in the defense space in recent years, securing $6 billion in global government contracts and partnering up with many of the tech world's major players. "I've always said that we need to transition from being the world police to being the world gun store," he said in a recent interview with CBS News. Luckey is a long-time supporter of President Trump and recently said that Anduril "did well under Trump in his first administration" and that he thinks the company is "going to do even better now." This is something of a homecoming for Luckey. He co-founded Oculus VR, which Meta purchased. He was fired back in 2017 after news broke that he donated $10,000 to a group trying to install 4chan-style anti-Hillary Clinton memes on roadside billboards. Zuckerberg has since cozied up to Trump in various ways, so I guess the two can be friends again or whatever. “I finally got all my toys back,” Luckey told WSJ.This article originally appeared on Engadget at https://www.engadget.com/big-tech/meta-could-soon-start-building-tech-for-the-us-army-184405058.html?src=rss

Meta and Anduril defense-tech startup founded by Palmer Luckey formed a partnership to create virtual reality and augmented reality devices for the U.S. army.