Multiple startups all the way to defense giants like Lockheed Martin are betting that a new generation of advanced drones will define the future of warfare. Shield AI gave CNBC an exclusive first look at the X-BAT, its new AI-powered fighter jet. The company has quickly become a rising force in defense technology, reaching a $5.3 billion valuation after raising $240 million in its latest funding round. Still, it’s competing against established defense primes like Lockheed Martin and Northrop Grumman — and has yet to turn a profit. Watch the video to see how Shield AI is trying to stand out in a crowded field.Chapters:0:00 Introduction1:07 Chapter 1: Rise of Shield AI6:36 Chapter 2: AI-powered combat8:55 Chapter 3: A new era of war