The Sony PlayStation prototype sold for $360,000 to Pets.com founder Greg McLemore


This prototype Sony PlayStation, the result of a failed Sony and Nintendo collaboration in the early 1990s, sold Friday for $360,000 in a live online auction. Background here. While Oculus VR founder Palmer Luckey was thought to have made the winning bid, the winner was actually Greg McLemore who made a fortune in the first dotcom gold rush as founder of Pets.com — Read the rest

Palmer Luckey wins secretive Pentagon contract to develop AI for drones

Palmer Luckey (previously) the alt-right financier who was made a billionaire by Mark Zuckerberg's decision to acquire his VR startup Oculus, is now running a Peter-Thiel-backed surveillance startup called Anduril Industries, which has won a contract to contribute to Project Maven, the Pentagon's controversial AI-for-drones system (Google's involvement in Project Maven sparked an employee uprising that ended with the relevant executives leaving the company and the contract being allowed to lapse).

Oculus execs defend founder's support of Nazi propaganda machine

Oculus co-founder Palmer Luckey was exposed last week backing a pro-Trump "meme factory" that churns out Nazi-themed images and anti-Hillary Clinton propaganda—then spotted at a Trump rally wearing one of the nativist candidate's T-shirts. He at first walked back his involvement, but Luckey now has the backing of top colleagues at the Facebook-owned virtual reality startup. — Read the rest