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As another poster already said, building new F-16s would be a waste of resources, but using the old existing F-16s by automating them is likely to be a better use of the existing resources, instead of scraping them. This also allows to gain experience that might be useful for designing the future unmanned airframes.
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It's a step on from the F-16 flight simulator AI competition in 2020: https://en.wikipedia.org/wiki/DARPA_AlphaDogfight
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