Hello, Guest!
  • Saturday, November 23, 2024
Palantir Technologies logo from email

Palantir Receives $250M Army Contract for AI/ML R&D Services

Palantir Technologies (NYSE: PLTR) has received a $250 million contract from the U.S. Army to research and develop artificial intelligence and machine learning tools for U.S. military applications.

Army Contracting Command is the contracting activity and will determine work locations and budget upon the issuance of each contract order, the Department of Defense said Tuesday.

DOD expects work to conclude on Sept. 25, 2026.

In July 2022, Palantir received a two-year, $99.9 million contract to help the Army Research Laboratory implement data and AI capabilities to support DOD’s combatant commands.

The software company also secured a $299 million contract extension in September 2022 to continue working with the laboratory on AI and machine learning experimentation and implementation.

Video of the Day

Related Articles

SandboxAQ Global Public Sector President Jen Sovada Outlines Company’s Emerging Tech-Based Strategies Artificial Intelligence

SandboxAQ Global Public Sector President Jen Sovada Outlines Company’s Emerging Tech-Based Strategies

When Jen Sovada realized she could make more of an impact on the outside of the military looking in, she retired from the U.S. Air Force. Now, her company, the fast-growing startup SandboxAQ, regularly does business with the USAF and Sovada still gets to support the mission, circumnavigating the oft-labyrinthine bureaucracy of the government. Sovada

Pentagon 5G CFT Director Juan Ramirez to Keynote POC’s 2024 5G Forum News

Pentagon 5G CFT Director Juan Ramirez to Keynote POC’s 2024 5G Forum

5G is becoming increasingly critical to defense missions at home and abroad, and the technology is evolving more rapidly than ever before. The Potomac Officers Club’s 2024 5G Forum on May 22 takes a deep dive into the U.S. government’s top 5G priorities, opportunities, challenges and initiatives as advancements in this vital technology area continue to

GovCon Expert Payam Pourkhomami: The CMMC 2.0 Accreditation Ecosystem Explained Cybersecurity

GovCon Expert Payam Pourkhomami: The CMMC 2.0 Accreditation Ecosystem Explained

By Payam Pourkhomami, President & CEO of OSIbeyond Those familiar with the Cybersecurity Maturity Model Certification, especially its updated 2.0 version, know that its most significant shift from earlier Department of Defense cybersecurity efforts lies in the introduction of a tiered certification process. Unlike past standards, such as NIST SP 800-171, CMMC 2.0 mandates both