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Home ยป BigBear.ai rises 45% after obtaining an AI contract with the US Defense Ministry
AI in Finance

BigBear.ai rises 45% after obtaining an AI contract with the US Defense Ministry

1 Min Read
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Bigbear.ai (Bbai,, Financial), a supplier of decision -making information solutions fed by AI, was awarded A contract of the Digital and Artificial Intelligence Office of the Ministry of Defense to advance its prototype of the virtual anticipation network. Bigbear’s shares.ai jumped 45.5% to $ 7.14 at 2:12 p.m. GMT-5 Wednesday after the announcement.

Faster and more informed national security judgments are made possible by the system’s ability to assess geopolitical risks thanks to the analysis of the media sources of almost-peers.

The agreement will help the head of the Digital and Artificial Intelligence Office and the Bureau of the Secretary of Defense to identify emerging trends and subjects of interest in foreign media. Using artificial intelligence and automatic learning, the pancake compiles large amounts of data to predict opposing actions in multi-domain environments, thus supporting US military and intelligence operations.

Originally developed in collaboration with the Directorate of Technical Support for Irregular War (IWTSD), Vane obtained the “attributable” status on the CDAO Tradewinds solutions market in April 2024. Defense combat controls.

This article appeared for the first time on Gurufocus.

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