Palantir wins $100m US contract for AI targeting tech

Palantir Technologies Inc., founded in 2003 by Peter Thiel, Alex Karp, Joe Lonsdale, Stephen Cohen, and Nathan Gettings, has secured a $100 million contract to extend its artificial intelligence targeting platform, known as the Maven Smart System, to all branches of the U.S. military. This system enhances decision-making by integrating battlefield data and advanced AI algorithms to identify targets.

In May, Palantir secured a $480 million contract to extend the Maven Smart System to combatant commands overseeing military operations. Project Maven, started in 2017, is mostly managed by the National Geospatial-Intelligence Agency (NGA) and aims to streamline satellite data acquisition.