Hadrian reposted this
Altimeter Partner Erik Kriessmann sat down with Hadrian Founder and CEO Chris Power on reindustrialization, the defense production gap, and why they believe physical AI is critically important for national security, economic security and could create many more jobs than it replaces. A few takeaways: The skills gap took 40 years to build. Offshored commercial manufacturing, a 63% cut to defense manufacturing jobs, and Cold War era factories still running today. The Virginia and Columbia class submarine programs are now 50 million workforce hours short annually. That is one program. Automation is creating jobs, not replacing them. Close to 100% of Hadrian's factory workforce had never worked in a factory before. Trained in 30 days, coming from hospitality, retail, and nursing, at higher wages, in parts of the country that have not seen this kind of investment in decades. The capital is starting to follow. Utilization rates of 65 to 80% versus an industry baseline of around 10% make the IRR math hard to ignore. The securitization curve may be just getting started. 📽️ from iConnections: https://lnkd.in/g3-DMUVc