Palantir Wins $250 Million AI Deal With US Defense Department

Palantir headquarters in Palo Alto, California.

Photographer: David Paul Morris/Bloomberg
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Palantir Technologies Inc. has won a $250 million contract with the US Defense Department to research and develop artificial intelligence and machine learning technology.

The new three-year deal demonstrates the company’s closeness to the US government, as well as its growing presence at the intersection of AI and defense.