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Mykhailo Fedorov and Alex Karp launch new defense technology company to leverage Ukraine's wartime experience

Mykhailo Fedorov, the former Ukrainian Defense Minister, is launching a new defense technology company in partnership with Palantir CEO Alex Karp. The administration announced that the venture will focus on developing technologies that utilize Ukraine's unique experience in modern warfare to create products for Ukraine and its allies.

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Karp will serve as the company's first lead investor. The duo stated that the company aims to make the world safer by applying lessons learned during the full-scale war with Russia. Fedorov, who was removed from his position as defense minister in July, stated that his team gained unique experience working with defense technologies and seeing firsthand how technology transforms modern warfare. The company will seek to apply these lessons to technologies that could be used by both Ukraine and its allies. While specific details regarding the company's name and the technologies it plans to develop were not disclosed, the venture represents a collaboration between Fedorov and Karp, who has already seen Palantir's technology deployed by several Ukrainian government agencies.

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