palantir signs a three year pound75m deal with the uks defense ministry providing software to prompt real time military actions and predict potential results jeffrey dastin reuters

palantir 75m ukdastinreuters

palantir 75m ukdastinreuters

Palantir Technologies Inc, a U.S. software company, has signed a three-year, £75 million ($91.39 million) deal with the United Kingdom’s Ministry of Defense. This agreement expands Palantir’s military work overseas and comes during the ongoing conflict in Ukraine, which is considered Europe’s biggest conflict since World War II.

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Under the deal, Palantir will provide support to military operations and intelligence, allowing the defense ministry to access its software more widely after a previous pilot program with the Royal Navy. The software aims to assist armed forces by providing real-time information and predictions on potential actions and their outcomes.

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The article highlights the growing reliance on technology in warfare, with both the United States and European allies seeking technological advantages. The availability of satellite imagery and artificial intelligence software enables military analysts to quickly detect changes on the battlefield and identify targets like tanks and artillery.

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Despite this contract, Palantir’s stock has reportedly declined along with other tech stocks this year, falling approximately 50% since March.

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The article also mentions previous scrutiny of Palantir’s business with the UK’s National Health Service (NHS) by British privacy groups, who expressed concerns about potential surveillance powers for the government.

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Palantir’s tools are designed to aid in resource deployment decision-making processes, offering capabilities such as aggregating intelligence from satellites and social media, visualizing military positions, identifying enemy movements, and simplifying complex data queries.

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The U.S. military has also been utilizing Palantir’s software, with a program called Army Vantage mentioned as impacting the U.S. response to Russia’s war.

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Furthermore, Palantir has opened an office in Ukraine, and its CEO, Alex Karp, met with Ukraine’s President Volodymyr Zelenskiy following Russia’s invasion.

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