hapabapa/iStock Editorial via Getty Images
Palantir (NYSE:PLTR) celebrates a monumental win, snagging a $480 million fixed-price contract from the U.S. Department of Defense. The contract is specifically earmarked for the development of a prototype for its cutting-edge Maven artificial intelligence (AI) system.
The anticipated completion date of this prestigious endeavor is set for May 28, 2029. The U.S. Army Contracting Command, based in Aberdeen Proving Ground, Maryland, will act as the contracting authority overseeing this groundbreaking project.
Bringing to mind the historical context, it is reminiscent of Palantir’s involvement in the department’s AI surveillance and targeting initiative, famously known as Project Maven. This visionary project seeks to birth an AI tool capable of processing vast amounts of imagery and full-motion video obtained from drones, with the ultimate aim of automatically identifying potential targets.
A year prior, the Pentagon had disclosed a redacted notice, shedding light on the intricate details of Palantir’s Maven Smart System. Leveraging their proprietary cloud platform, the system was meticulously developed, tested, and revealed a myriad of innovative capabilities.
Remarkably, the platform exhibited remarkable scalability, showcasing its ability to seamlessly incorporate new feeds and data sources swiftly, all while providing a suite of enhanced analytical tools.