Palmer Luckey wants to develop a 'virtual' border wall

Palmer Luckey, co-founder of Oculus, has revealed that he is working on a new startup that will develop virtual border wall technology. Luckey confirmed as much to The New York Times, which reported that he is in the early stages of building a platform that would automatically watch borders. The system would use a combination of infra-red sensors and LIDAR, the same light-detection gear found in most autonomous cars. The idea would be to use the technology to secure military installations, buildings and in place of a physical border wall. In a statement given to the Times, Luckey lamented the slow pace of innovation in the defense industry, despite the sums of money spent on it. The multi-millionaire is currently bankrolling the business himself, but the paper believes that Palantir's Peter Thiel is interested in investing.