💰 $4bn Army Savings | Palantir Bullets #56
US Army expansion, Italian Bank, Circular Economy, AI Forum
Editor: Emanuele Marabella
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Palantir announced the extension for the US Army Vantage for $115mn. This contract is a 1 year continuation of the work with the Army to institute a long-standing Army Data Platform (ADP) capability. Palantir will contribute to this open software infrastructure with its FedStart program and Palantir Government Web Services.
“Army Vantage has enabled the Army to recoup savings on over $700mn in additional de-obligated funds per year, amounting to nearly $4bn since the program’s instantiation.” - Palantir press release
Unicredit Bank renewed the partnership with Palantir for another 5 years. The partnership started in 2018. The Palantir platform, recently deployed on CE&EE UniCredit Legal Entities, will now extended all over the Group. Foundry helped the Italian bank generate a 4x increase in customer redemption of protection products.
Palantir partnered with PlasCred Circular Innovation, a Canadian company in plastic waste management and upcycling. PlasCred will use AIP and Foundry to optimize efficiency, resource management, and decision-making.
Palantir participated in the 9th AI Insight Forum on National Security. Alex Karp’s full statement here.
"While the President’s FY24 budget request for the DoD stands at $842bn, only $1.8bn is designated for AI, or about 0.2% of the total." - Alex Karp, Palantir CEO
Palantir released a new “Building with AIP” episode:
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