Bullet points of Palantir Wins $100 Million US Contract for AI Targeting Tech
- Palantir Technologies Inc. has won a $100 million contract to extend access to its digital warfare platform, Maven Smart System, to tens of thousands more US military personnel.
- The platform uses artificial intelligence and machine learning algorithms to help identify targets for air strikes.
- The US military has used the system to help identify targets for air strikes in the Middle East this year.
- The contract was announced by the Defense Department on Wednesday in a daily notice saying the Palo Alto, California-based company has been awarded a five-year contract to supply user licenses for its Maven Smart System AI tool along with related software support and hardware, with a top value of $99.8 million.