The United States Army is making yet another bet on artificial intelligence technology.
What’s happening:
- BigBear.ai (NYSE: BBAI) has landed a new $165M USD deal with the United States Army for building out an artificial intelligence powered intelligent automation platform and data management system
Why it matters:
- The United States Army has been making a big push to be on the leading edge of artificial intelligence, recently entering into a large scale deal with Palantir (NYSE: PLTR) to accelerate the accessibility of their technology throughout the military
- BigBear.ai has been directly collaborating with the United States Army for multiple years already and this new deal will build off of the underlying technology they have already developed specifically for military purposes
By the numbers:
- The $165M USD deal between BigBear.ai and the United States Army will occur over the next 5 years
Going deeper:
- BigBear.ai has been securing multiple large deals of late, previously being included in the new multi billion dollar deal with the United States Federal Aviation Administration to leverage their technology for national security and aviation safety
