Palantir expands its influence: $100 million for US military AI technology
Palantir Technologies has won a lucrative contract from the US Department of Defense worth nearly $100 million, bringing artificial intelligence (AI) to the heart of military operations. This contract will give thousands of US soldiers access to their digital warfare platform, the Maven Smart System, and will greatly expand the possibilities of using AI for targeting on the battlefield.
Palantir Technologies $PLTR, known for its sophisticated data platforms, has become a key player in the military technology field in recent years. It has now been awarded a five-year contract to supply licenses and supporting software for the Maven Smart System, which integrates advanced machine learning and computer vision algorithms. This system enables the military to create a comprehensive picture of the battlefield that can be displayed simultaneously on thousands of screens.
The Maven system, which Palantir has co-developed since 2017, draws on a vast amount of U.S. intelligence data. It helps…
This is great news. The company continues to thrive and this order is just confirmation that Palantir will continue to grow.