Palantir CEO Alex Karp will be holding Allen & Co on July 9, 2025 in Sun Valley, Idaho. I attended the Media and Technology Conference.
David A. Grogan | CNBC
Palantir It has signed contracts with the US Army worth up to $10 billion to meet the growing war demands over the next decade.
As part of the deal, Palantir will help the military streamline during threat preparations and consolidate 75 total contracts into one enterprise deal, the release said.
The contract creates a “comprehensive framework for the Army’s future software and data needs” that will allow the government to purchase flexibility and remove contract-related fees and procurement timelines.
The deal further highlights the company’s role in the US government’s clampdown on cost-effectiveness by using artificial intelligence tools in President Donald Trump’s administration. Trump Department’s government efficiency cut jobs and programs to curb spending.
Palantir co-founder and CEO Alex Karp was a supporter of the voices of protecting US interests and joining forces to dodge their enemies with AI.
The Denver-based artificial intelligence software company has more than doubled its shares since the year.
Earlier this year, Palantir provided the first two AI-powered systems in a $178 million contract with the US military. In May, the Department of Defense boosted the Maven Smart Systems contract to increase AI capabilities by $795 million.
Watch: Joe Lonsdale, co-founder of Palantir on Israeli-Iran conflict, AI Tech Wars and Future of Doge
