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Palantir Technologies has secured a significant contract with the U.S. Army valued at $480 million. The contract is for the development and deployment of the Maven Smart System, an artificial intelligence-assisted intelligence system. This project, which will run through 2029, will provide Palantir with $96 million annually. The Maven Smart System aims to enhance the Army's capabilities in target identification using AI and computer vision technology. This deal marks a deepening of Palantir's relationship with the Department of Defense, highlighting the company's growing influence in defense technology. Palantir's stock is up 1.2% following the announcement. The company was initially funded by the CIA's venture capital arm.
Exciting news! Palantir secures a $480M Army contract for Maven artificial intelligence tech. Learn more about this groundbreaking development and its implications for the industry here: https://t.co/HbvoN5TxA7
Palantir has won a $480 million contract from the U.S. Department of Defense for a prototype known as the Maven Smart System, the department said, deepening the data analytics provider's work with the Pentagon. https://t.co/CilBw76R2S
🔵 PALANTIR WINS $480 MILLION US ARMY DEAL FOR 'MAVEN' PROTOTYPE Full Story →https://t.co/f2m3pkKcRg Palantir has won a $480 million contract from the U.S. Army for a prototype known as the Maven Smart System, the Defense Department said on Wednesday.
