Palantir stock rises on NATO AI system acquisition

Palantir Technologies' shares rose 5.3% after NATO acquired its AI-powered military system, the Maven Smart System NATO (MSS NATO). This acquisition will enhance operations within NATO’s Allied Command Operations. NCIA General Manager Ludwig Decamps stated that MSS NATO provides "customized state-of-the-art AI capabilities to the Alliance."

The system aims to improve intelligence fusion, battlespace awareness, and decision-making with AI tools. Shon Manasco from Palantir expressed pride in supporting NATO’s tech advancements. General Markus Laubenthal noted the system's ability to leverage complex data for faster decisions. The procurement took just six months, with the system expected to be operational in 30 days.