Palantir Technologies (Nasdaq: PLTR) A new deal has been closed with NATO Etisalat The Information Agency for the launch of its smart MAven system is the artificial intelligence platform designed to help support the battlefield operations under the leadership of the Allied in NATO.
The system is expected to enhance awareness in actual time and help NATO forces make faster and better decisions. It is scheduled to be published in the next thirty days.
According to NATO, the entire purchase moved quickly after only six months of determining the need to finish the contract. The agency expects the system to improve the efficiency of the coalition for threats and run operations.
NATO officials are optimistic. Ludwig Decamp, which leads the NATO technology agency, has described the system as the Amnesty International tool designed to meet modern military needs. Gen. Marcus Lubinetal added from the headquarters of NATO as it gives them the ability to deal with complex data and act faster in critical moments.
Investors quickly responded. Palantir shares rose more than 5 % in the pre -market on Monday. The stock was steadily climbing nearly 20 % in the past week, and gained more than 13 % for this month, and more than twice in the past six months. This momentum reflects the increasing confidence in the company’s strategy that focuses on artificial intelligence and its long -term capabilities.
This article appeared for the first time on Gurufocus.