Palantir lands 75 million pound offer with British military services

Palantir lands 75 million pound offer with British military services


The emblem of major data company Palantir.

Fabrice Coffrini | AFP by using Getty Illustrations or photos

Palantir Systems Inc has signed a 3-12 months, 75 million pound ($91.39 million) deal with the United Kingdom’s Ministry of Protection, the U.S. computer software company claimed Wednesday, expanding its overseas military do the job months into the Ukraine war, Europe’s most important conflict since World War II.

Palantir will support military services functions and intelligence, more widening access to its software package throughout the defense ministry just after a narrower pilot with the Royal Navy that began decades ago.

Palantir’s program will prompt armed forces about attainable genuine-time steps and give predictions on how various selections may enjoy out, the firm mentioned.

The news reflects how U.S. and European allies are hunting to know-how for an edge in warfare, at a time when new systems have aided Ukraine in its reversal of Russia’s march toward Kyiv.

Considerable satellite imagery lets army analysts in minimal time detect changes on the battlefield, with synthetic intelligence software package pinpointing tanks, artillery or other targets.

Even with the war, Palantir shares have tumbled like other tech stocks this yr, falling by about fifty percent given that March.

British privateness teams have scrutinized Palantir’s organization with the National Well being Company the past couple of many years over concerns that the governing administration could acquire new surveillance powers.

Palantir bills its applications as methods to decide which methods to deploy, quicker. Its software program can combination intelligence from satellites and social media, visualize an army’s positions, flag an enemy vessel on the shift or render byzantine information information less difficult to question, in accordance to demonstrations of its programs.

The U.S. military services this year talked about a Palantir-powered program known as Military Vantage, which just one of the tech company’s staff members explained in a LinkedIn publish was impacting the U.S. response to Russia’s war.

Palantir also opened an place of work in Ukraine immediately after its Chief Govt Alex Karp became the first head of any worldwide company to meet up with Ukraine’s President Volodymyr Zelenskiy subsequent Russia’s invasion. 



Resource

Fed officials split on where interest rates should go, minutes say
World

Fed officials split on where interest rates should go, minutes say

Divided Federal Reserve officials at their January meeting indicated that further interest rate cuts should be paused for now but could resume later in the year only if inflation cooperates. While the decision to hold the central bank’s benchmark rate steady mostly was met with approval, the path ahead appeared less certain, with members conflicted […]

Read More
Microsoft’s Brad Smith says U.S. tech should ‘worry a little’ about Chinese firms’ government subsidies
World

Microsoft’s Brad Smith says U.S. tech should ‘worry a little’ about Chinese firms’ government subsidies

Microsoft President Brad Smith speaks at a press conference at the Representation of the State of North Rhine-Westphalia about future visions for the development and application of artificial intelligence in education in NRW in Berlin on June 4, 2025. Soeren Stache | Picture Alliance | Getty Images American tech companies should “worry a little bit” […]

Read More
FDA agrees to review Moderna’s mRNA flu vaccine application in a reversal
World

FDA agrees to review Moderna’s mRNA flu vaccine application in a reversal

A researcher works in the lab at the Moderna headquarters in Cambridge, Massachusetts, March 26, 2024. Adam Glanzman | Bloomberg | Getty Images Moderna said on Wednesday the Food and Drug Administration has agreed to review its experimental mRNA flu shot, reversing the agency’s earlier decision to refuse to accept the application in a move […]

Read More