Eric Trump-backed Silicon Valley company making | Political News
Eric Trump speaks during crypto convention (Image: AFP via Getty Images)
President Donald Trump’s son, Eric Trump, is backing an AI company that is aiming at building humanoid robots that can do something from folding laundry, pouring a latte, and serving in battle.
Foundation Future Industries, a San Francisco-based robotics company, is developing a “dual-use” autonomous humanoid robot that could possibly be used for army operations, as nicely as industrial environments. The president’s son, Eric Trump, is at present serving as its investor and the company’s chief strategy adviser.
“People don’t realize he actually is an engineer at heart, so he does a lot of milling and things like that at his home,” Eric Trump’s business accomplice, Sankaet Pathak, said during a latest interview.
According to Pathak, humanoid robots might be used to assist humanity in addressing its best challenges, relatively than in on a regular basis actions. According to CNBC, while the technology looks like it’s straight out of a futuristic film, it’s nearing actuality, with early iterations already being thought of for use in Ukraine’s battle against Russia.
“I’m convinced the technology is reaching a level where it can replace jobs that are dangerous for humans to perform, and if you can do that, it’s the highest net good you can create out of all applications of robotics,” Pathak wrote.
Eric Trump-backed Silicon Valley company making humanoid robots (Image: Foundation Robotics)
The CEO said the company goals to increase manufacturing to hundreds of items this yr and might even start frontline testing with the U.S. army in the next 18 months.
This isn’t the first time Pathak has been in the public eye for formidable initiatives. In fact, he’s best recognized for his position in Synapse, a fintech platform that declared chapter in 2024. After his failed business enterprise, he began Foundation with former CEO of Tribe Capital, Arjun Sethi, and co-founder of Cobalt Robotics, Mike LeBlanc.
Emphasizing Eric Trump’s deep connection to the company, he gave a joint interview with Pathak to Fox News. During the dialog, Pathak mentioned in element the company’s Phantom 2 technology.
Eric Trump departs New York courthouse (Image: Getty Images)
“There are scenarios where you would need almost no human-in-loop. However, majority of the scenarios are not that, and from everything that we’ve heard, Pentagon is actually not pursuing non-human-in-loop applications in a big way. Having said that, there are some applications where you want instant response times. For instance, the Iron Dome. You cannot wait for a human to approve all of the reaction times because the likelihood that if you do not act, there’s 100% casualty is quite high,” he said.
“There are scenarios where we would have to be able to rapidly deploy and use these technologies, and we cannot always be calling the CEO of a company to ask for permission before we do it,” the CEO later added.
At the time, the company had landed a $24 million Pentagon contract for its battlefield robotics project. During the Fox News interview, Eric expressed confidence in the company and the deal, noting that investing in robots aligns with his father’s “America First” mentality.
“Sankaet’s been a friend of mine. I walked through his factory. I couldn’t believe what I saw, coming from hospitality the uses are unlimited, but Maria, you were just talking about China, you know we are America First. We have to win this race. We have to win alot of races right? I got involved with crypto in a very big way because we had to win that digital revolution. We have to win robotics in the United States of America,” Eric said.
“We better be winning this race in the United States of America. We’re the greatest economy in the world. And that’s what Sankaet is doing and he’s doing a phenomenal job,” the president’s son added.
Eric’s involvement in the company has drawn criticism from a number of lawmakers in Washington, including Democratic Sen. Elizabeth Warren, who accused the firm’s Pentagon contract of being “corruption in plain sight.”
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