September 29, 2022 06:59 AM Eastern Daylight Time
DENVER–(BUSINESS WIRE)–Palantir Technologies Inc. (NYSE: PLTR) today announced the U.S. Army Research Laboratory (ARL) will extend its work with the company to support all branches of the Armed Services, Joint Staff, and Special Forces as they test, utilize, and scale artificial intelligence (AI) and machine learning (ML) capabilities across the Department of Defense (DoD). The contract is worth up to $229 million over one year.
Building on the expansion announced earlier this year, Palantir’s software will continue to support warfighters, the data science community, and commercial AI companies across all facets of AI/ML research and development within the DoD. This extension will enable the Department to scale these critical capabilities to additional mission areas as well as emerging priorities.
“By bringing leading AI/ML capabilities to all members of the Armed Services, the Department of Defense continues to maintain a leading edge through technology and by delivering best-in-class software to those on the frontlines,” said Akash Jain, President of Palantir USG. “We are proud to partner with the Army Research Lab to deliver on their critical mission to support our nation’s armed forces.”
Palantir’s open data standard architecture is uniquely suited to help the warfighter test and evaluate the latest advances in AI/ML in some of the most critical operational environments. Integrating with partner vendors and collaborating with users on the front lines, Palantir’s software platforms will continue to implement advanced AI capabilities and deliver solutions in an agile manner.
“Our work with ARL has enabled users in the field to accelerate the use of AI/ML in support of some of the most critical national security challenges our country and our allies are facing today,” said Shannon Clark, Senior Vice President of Innovation, Federal.
Palantir first partnered with the Army Research Lab in 2018 to provide state-of-the-art operational data and AI capabilities. Palantir’s platform has since supported the integration, management, and deployment of relevant data and AI model training to all of the Armed Services, COCOMs, and special operators globally.
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Source: https://www.businesswire.com/news/home/20220929005106/en/U.S.-Army-Research-Lab-Extends-Contract-with-Palantir-to-Deliver-Leading-AIML-Capabilities-Across-Department-of-Defense