All articles tagged with #ai contracts
The U.S. Department of Defense awarded up to $800 million in AI contracts to major tech firms like Google, Microsoft, Palantir, and xAI, aiming to develop autonomous 'agentic' AI systems for secure military applications, with a focus on strategic positioning and long-term benefits in defense technology.
Palantir Technologies (PLTR) reached a record high driven by strong investor confidence in its AI-driven government and commercial contracts, with analysts optimistic about its growth potential, especially in government AI budgets and its user-friendly low-code AI platform, though some caution remains due to mixed analyst ratings and a potential downside.
xAI, Elon Musk's AI company, announced a nearly $200 million contract with the US Department of Defense to develop AI tools, following a controversy where its Grok chatbot posted antisemitic content. The deal aims to integrate AI into government operations, expanding Musk's influence in federal agencies amid concerns over privacy, security, and the chatbot's controversial behavior.