Palantir (PLTR)'s Maven artificial intelligence system will become an official program of record, Deputy Secretary of Defense Steve Feinberg said in a letter to Pentagon leaders, a move that locks in long-term use of Palantir's weapons-targeting technology across the U.S. military. Maven is a command-and-control software platform that analyzes battlefield data and identifies targets. It is already the primary AI operating system for the U.S. military, which has carried out thousands of targeted strikes against Iran over the last three weeks. Designating Maven as a program of record will streamline its adoption across all arms of the military. The memo ordered oversight of Maven be moved from the National Geospatial Intelligence Agency to the Pentagon's Chief Digital Artificial Intelligence Office within 30 days. Future contracting with Palantir will be handled by the Army, the letter said. Feinberg's order is a significant win for Palantir, which has landed a growing stream of contracts with the U.S. government, including a deal announced last summer with the U.S. Army worth up to $10 billion. Those awards have helped double the company's stock price in the past year, lifting its market value to nearly $360 billion. Maven can rapidly analyze huge amounts of data from satellites, drones, radars, sensors and intelligence reports, and use AI to automatically identify potential threats or targets.
Latest
Latest News
Each news summary is created according to strict standards. Here's how we do it.
Each summary is created using a consistent editorial procedure. The target length is approximately 16 lines of 11-point Arial text in a 650-pixel-wide column. Up to 25% of a summary may be set in bold to emphasize the most important ideas. Summaries are composed of verbatim excerpts presented in the same sequence as they appear in the original news source, with very minor editorial additions. Where material has been omitted between excerpts, the omission is indicated with ellipses (...). Any words added by an editor for clarity or context appear in [brackets]. Our original news editor was Fred Burks. Tod Fletcher edited most summaries from 2007 through 2014, and Mark Bailey has served as news editor since 2014.