Dick Kramlich, the venture capital pioneer who co-founded New Enterprise Associates and invested in successful tech companies like 3Com, Grand Junction, and Force10 Networks, died at the age of 89. His daughter confirmed his sudden passing, noting his role as a family leader and optimistic investor. Kramlich retired in 2012 after building NEA into a Silicon Valley powerhouse, leaving a lasting legacy in the tech industry.
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EU clears venture overseeing fighter jet project
The European Commission has approved a joint venture among BAE Systems (UK), Leonardo (Italy), and the Japan Aircraft Industrial Enhancement Co for the production of a next-generation fighter jet, responding to concerns over reliance on US defense equipment. This initiative, part of the Global Combat Air Programme, aims to have aircraft operational by 2035, enhancing defense capabilities against rising threats from Russia and China. The UK's recent defense plan includes substantial investments in modernization, highlighting...
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