Palantir and IBM Look Poised to Ride the Pentagon's AI Spending Wave

The rise of artificial intelligence (AI) has been one of the biggest stories on Wall Street for the last two years, as companies are racing to incorporate AI into their platforms to offer new products and features, and make processes run more efficiently.The federal government is capitalizing on AI too, including at the Department of Defense, the biggest department in the U.S. government. Just last month, the Pentagon moved its Chief Digital and Artificial Intelligence Office under the Office of the Undersecretary of Defense for Research and Engineering as part of its effort to "become an AI-first enterprise, one that rapidly adopts cutting-edge commercial AI technologies, exploits data at scale to generate operational advantage, and leads the discovery of new ways to fight and win." There's an enormous opportunity for companies and investors to capitalize on the government's embrace of AI. The Pentagon agreed this month to a $100 million ceiling contract with Scale AI, in which the data labeling company will make its platform available to the Defense Department. And the Trump administration has expressed a desire to increase its military spending.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool