(Bloomberg) Europe needs to start investing more in defense technology, including robotics, hardware and artificial intelligence to protect itself, said Florian Seibel, the chief executive officer of German drone startup Quantum Systems.Most Read from BloombergIsrael Latest: Blinken Says ‘Humanitarian Pauses’ Needed for AidNobody Wants Mutual Funds NowAn Oil Giant Quietly Ditched the World’s Biggest Carbon Capture PlantBig Tech Earnings Whipsaw QQQ in Late Trading: Markets WrapXi Makes Unprec
Ukraine's army has put in an order for drones from Quantum-Systems. The German government is funding the deal with the Bavarian start-up, whose investors include the likes of Paypal co-founder Peter Thiel.