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Forterra Says More Than 100 Autonomous Vehicles Have Operated In Ukraine

Forterra, the U.S. autonomous vehicle developer, says more than 100 of its self-driving all-terrain vehicles have been operating in Ukraine’s combat zones over the past nine months. If confirmed, the deployment would represent what the company believes is the largest operational use of autonomous ground vehicles in combat by a U.S. defense technology firm.

“I believe this to be true of every defense technology that’s ever been created—until you hit the realities of combat, you’re just not going to know,” Scott Sanders, Forterra’s chief growth officer and a former U.S. Marine officer, told TechCrunch.

Ukraine Has Become A Testing Ground

Supported by U.S. defense funding, the deployment reflects a broader effort to evaluate emerging military technologies under real battlefield conditions. While much of the war has highlighted the role of aerial drones, it has also exposed growing demand for autonomous ground vehicles capable of transporting supplies and evacuating casualties under fire.

“There’s nowhere to hide,” Sergeant Major Corey Wilkens, who leads a U.S. Army programme focused on autonomous vehicles, told TechCrunch, pointing to the growing threat posed by drones, artillery and mortar fire.

Built For Battlefield Logistics

Ukraine has developed its own uncrewed ground vehicles, but they are generally battery-powered and limited to payloads of around 250 kilograms. Forterra’s Lancer vehicles, built on Polaris all-terrain vehicles, use petrol engines and can carry up to 750 kilograms, making them better suited for frontline logistics.

“The bottom line is that this UGV for logistics… is the most important UGV in Ukraine,” a Ukrainian soldier told TechCrunch. “It’s fantastic, and we are dying to get more.”

Lessons From Combat

Initially, Ukrainian forces viewed the system with some skepticism, but Forterra says adapting the vehicles by adding Starlink satellite connectivity significantly improved their effectiveness on the battlefield.

Since arriving in Ukraine last October, the vehicles have travelled more than 2,500 miles across over 1,100 missions, transported nearly 780,000 pounds of cargo and completed 52 casualty evacuations. Some have been destroyed after becoming immobilised in difficult terrain or exposed to Russian attacks.

The deployment has also provided valuable operational data on electronic warfare, software updates, mobility and vehicle reliability, strengthening Forterra’s position as it competes for future U.S. defense contracts.

Autonomy Still Has Limits

Despite the progress, Ukrainian operators continue to rely heavily on remote control rather than fully autonomous driving during combat missions. Current systems can navigate challenging terrain independently but still struggle to respond to rapidly changing battlefield threats without human intervention.

“We actually need to be able to respond to enemy threats live… which the autonomy doesn’t know how to do yet,” the Ukrainian soldier said.

Forterra is now working to combine its autonomous driving software with generative AI while continuing to rely on more traditional robotics for specialised military tasks.

Competition Is Growing

Forterra is one of several companies developing autonomous military vehicles. Competitors including Scout AI, Field AI and Overland AI are also working with the U.S. military to advance autonomous ground systems. Even so, military officials believe the technology has already proved its potential.

“Ground autonomy is achievable now and we’ve seen it,” Wilkens said.

Cost Remains A Major Challenge

For Ukrainian operators, affordability is becoming as important as capability. Although Forterra’s vehicles benefit from commercially available Polaris platforms, they remain too expensive to lose at the rate that aerial drones are routinely lost in combat.

“Attrition is just a fact of this battlefield,” the Ukrainian soldier said. “We have lost a few… we need more, and therefore we need them cheaper.”

The experience in Ukraine suggests autonomous ground vehicles are moving beyond experimentation. Their next challenge will be becoming affordable and adaptable enough for large-scale battlefield deployment.

The Forbes Global 2000 Added $30 Trillion. AI Drove The Repricing

The 24th annual Forbes Global 2000 records highs in sales, profits, assets and market value. But there is one number that stands out from the rest.

The combined market value of 2,000 of the world’s largest public companies jumped 31.8% this year, adding more than $30 trillion (approximately €27.8 trillion) in shareholder value in the last twelve months.

Combined sales reached $56 trillion (approximately €51.9 trillion), up 6%. Profits climbed 13.9% to $5.5 trillion (approximately €5.1 trillion). Assets grew 12.9% to $272 trillion (approximately €252 trillion). However, none of these figures explains what actually happened at the level of the market.

The biggest change occurred in markets related to technology. Hardware, semiconductor, and software firms now account for 209 companies on the list, up from 186 last year. Their combined market value has nearly doubled from $23.9 trillion (approximately €22.2 trillion) to $41.4 trillion (approximately €38.4 trillion). That single cohort accounts for 57% of the entire list’s market value increase from last year. The driver appears to be the market’s appetite for anything AI-related.

The market has not been fully welcomed. Some still fear the threat of a bubble. Others see a market that still has room to run its course.

Richard Attias, chairman of the non-profit Future Investment Institute, ahead of the Forbes Iconoclast Summit in New York earlier this month, said: “AI will have an impact everywhere.”

The Chip Cycle

Nvidia climbed 20 places to No. 27 and became the most valuable chip company on the list. South Korea’s SK Hynix, whose high-bandwidth memory chips are essential to AI servers, jumped 107 places to No. 48. Alphabet, one of the largest AI hyperscalers, rose five places to No. 4. CoreWeave, the AI cloud computing firm that joined the list last year, climbed 706 places to No. 1,093.

A similar trend could be seen in the hardware space. Taiwan’s Hon Hai Precision, the iPhone assembler and AI server manufacturer better known as Foxconn, climbed 55 places to No. 82. SanDisk, the California flash-storage company, entered at No. 614 after ranking outside the top 2,000 last year.

The Physical Side Of The Trade

It is not only code and cloud that saw growth, however. The materials industry also gained from the harder edge of the chip cycle. Materials companies on the Global 2000 rose 67.5% in market value and grew profits by 38.6%, as investment interest rewarded producers of copper, cobalt, lithium and the chemicals feeding semiconductors, advanced manufacturing, power systems and data centres.

British-Australian mining giant Rio Tinto climbed 24 places to No. 111 after landing a two-year collaboration with Amazon Web Services to supply copper made with its Nuton bioleaching technology to AWS’s US data centres. Nucor, the steel manufacturer, rose 84 places to No. 416 on the back of data centre demand for its pre-engineered, plug-and-play steel products, the racks that hold the servers.

The Banks Still Hold Their Own

Even with AI dominating this year’s headlines, the top of the ranking still belongs to those who are in charge of the balance sheets. JPMorganChase, for instance, holds onto its No. 1 spot for the fourth year in a row, with $4.9 trillion (approximately €4.5 trillion) in assets.

There are 314 banks on this year’s list, more than any other industry, holding $140.4 trillion (approximately €130 trillion) in combined assets. That is more than half of the total for all 2,000 companies.

Another 136 diversified financial firms made the cut, alongside 113 insurers.

Banks and insurers are responsible for enormous balance sheets by design, while technology firms tend to be lighter on assets and therefore receive less credit on that metric. Elevated interest rates helped, too, allowing banks, insurers and other lenders to earn higher profits on loans and fixed-income assets.

The rest of the top 10 show a little more diversity. Amazon takes second place on $742.8 billion (approximately €688 billion) in sales and a $2.8 trillion (approximately €2.6 trillion) market value. Alphabet sits at No. 4 and Microsoft ties for No. 7, both benefiting from investor interest for the firms producing the software, cloud services and AI platforms driving the current tech rally. Berkshire Hathaway, Saudi Aramco and Bank of America remain in the upper tier on the strength of their profits, assets and cash generation. Three Chinese banking giants (ICBC, China Construction Bank and Agricultural Bank of China) close out the top 10, a remnant from the era when Chinese lenders led the list

Of the 2003 top 10, only Bank of America is still on it today.

The Old Economy And The New

The Global 2000 still shows both faces of the world economy. The heavyweight banks continue to sit on the assets, the oil majors continue to produce the cash, and the retail giants continue to move the goods. The biggest change this year was the direction of investor interest. Businesses did almost the same work they did last year, but the markets repriced that same work with AI.

The winners of that repricing saw impressive growth in this year’s ranking. Chipmakers, server manufacturers, memory producers and the infrastructure firms powering AI data centres witnessed the biggest re-ratings anywhere on the list. Whether the market’s enthusiasm endures is the question the next twelve months will answer.

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