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Palmer Luckey, a founder of Facebook-owned VR company Oculus, has stealth a new company working on surveillance technology that could be deployed on country borders and military bases, according to a report from the New York Times. Peter Thiel and his VC fund, Founders Fund, are said to be planning to fund the venture.

"We need a new kind of defense company, one that will save taxpayer dollars while creating superior technology to keep our troops and citizens safer," said Luckey in an email to the Times. Luckey has reportedly discussed border technology with Trump advisor Stephen Bannon and recently met with the secretary of interior.

Why it matters: Luckey and Thiel are part of the small part of Silicon Valley that backs President Trump, and the only two who have been public about it, investor Marc Andreessen recently told Axios's Dan Primack. Thiel made headlines last year when he donated to Trump's campaign and spoke at the Republican National convention, while Luckey's support for anti-Hillary Clinton organization was made public last year and reportedly led to his eventual departure from Facebook.

Go deeper

Dave Lawler, author of World
12 mins ago - World

Biden opts for five-year extension of New START nuclear treaty with Russia

Putin at a military parade. Photo: Valya Egorshin/NurPhoto via Getty

President Biden will seek a five-year extension of the New START nuclear arms control pact with Russia before it expires on Feb. 5, senior officials told the Washington Post.

Why it matters: The 2010 treaty is the last remaining constraint on the arsenals of the world's two nuclear superpowers, limiting the number of deployed nuclear warheads and the bombers, missiles and submarines which can deliver them.

Updated 31 mins ago - Technology

Facebook refers Trump ban to independent Oversight Board for review

Photo: Alex Edelman/AFP via Getty Images

Facebook's independent Oversight Board has accepted a referral from the platform to review its decision to indefinitely suspend former President Trump.

Why it matters: While Trump critics largely praised the company's decision to remove the then-president's account for potential incitement of violence, many world leaders and free speech advocates pushed back on the decision, arguing it sets a dangerous precedent for free speech moving forward.

Biden plans to keep Christopher Wray as FBI director

FBI Director Christopher Wray at a virtual DOJ news briefing on Oct. 28. Photo: Sarah Silbiger/pool/AFP via Getty Images

President Biden plans to keep Christopher Wray as director of the FBI and has "confidence in the job he is doing," White House press secretary Jen Psaki confirmed in a tweet Thursday.

The big picture: Wray, who was nominated by former President Trump in 2017 after he fired former FBI Director James Comey, came under heavy criticism from Trump and his allies over the past year.