Business
business
Jon Keegan

Tech titans team up to sell AI to US defense and intelligence clients

Last week, the Biden administration directed the government to “Harness the Power of AI for US National Security” in the first-ever National Security Memorandum on AI.

AI companies got the message loud and clear and are moving full steam ahead to sell their AI products to the US government, fears of Skynet be damned.

Today, data-analytics platform Palantir Technologies announced that it’s teaming up with AI startup Anthropic to bring the company’s Claude AI models, already available on Palantir’s AI Platform, to Amazon’s AWS cloud-computing platform.

In a press release, Shyam Sankar, Palantir’s Chief Technology Officer, said:

“Our partnership with Anthropic and AWS provides US defense and intelligence communities the tool chain they need to harness and deploy AI models securely, bringing the next generation of decision advantage to their most critical missions.”

Palantir was cofounded by venture capitalist and mentor to JD Vance Peter Thiel, and sells its data platform to several sectors of the US government, including the military and intelligence agencies. The CIA’s venture-capital firm In-Q-Tel was an early investor.

By partnering with Palantir — an established contractor who deals with sensitive national-security data — Anthropic’s Claude large language models will be able to be used in certain classified environments, including critical national-security data requiring “maximum protection.”

Just this week, Meta announced that it was making its Llama AI models available for defense and national security applications.

Today, data-analytics platform Palantir Technologies announced that it’s teaming up with AI startup Anthropic to bring the company’s Claude AI models, already available on Palantir’s AI Platform, to Amazon’s AWS cloud-computing platform.

In a press release, Shyam Sankar, Palantir’s Chief Technology Officer, said:

“Our partnership with Anthropic and AWS provides US defense and intelligence communities the tool chain they need to harness and deploy AI models securely, bringing the next generation of decision advantage to their most critical missions.”

Palantir was cofounded by venture capitalist and mentor to JD Vance Peter Thiel, and sells its data platform to several sectors of the US government, including the military and intelligence agencies. The CIA’s venture-capital firm In-Q-Tel was an early investor.

By partnering with Palantir — an established contractor who deals with sensitive national-security data — Anthropic’s Claude large language models will be able to be used in certain classified environments, including critical national-security data requiring “maximum protection.”

Just this week, Meta announced that it was making its Llama AI models available for defense and national security applications.

More Business

See all Business
Flying taxi Midnight on display at GITEX Global

Archer Aviation strikes deal to supply electric propulsion system to Anduril, bolstering its path to revenue

Archer Aviation announced its new agreement with Anduril after the market closed on Monday.

business

Ford partners with Amazon to sell its used vehicles online

Beginning today, many Amazon shoppers can add a pre-owned Ford to cart.

The partnership, announced by the two companies on Monday, will begin in Los Angeles, Dallas, and Seattle, with plans to expand.

According to Ford, every vehicle sold through Amazon will have been “inspected, reconditioned, and comes with a Ford warranty, Ford Rewards points, and in some cases, a money-back guarantee.”

Shares of used car retailers Carvana and CarMax dipped in early trading on the news. Similar patterns occurred when Amazon Autos announced a partnership with Hyundai late last year, and another with rental giant Hertz in August.

According to Ford, every vehicle sold through Amazon will have been “inspected, reconditioned, and comes with a Ford warranty, Ford Rewards points, and in some cases, a money-back guarantee.”

Shares of used car retailers Carvana and CarMax dipped in early trading on the news. Similar patterns occurred when Amazon Autos announced a partnership with Hyundai late last year, and another with rental giant Hertz in August.

business
Rani Molla

Walmart falls after CEO of more than a decade steps down

Walmart’s stock fell as low as 3% this morning in premarket trading on news that its longtime CEO, Doug McMillon, who helped the company beef up its e-commerce segment against Amazon, will be stepping down.

While Walmart’s sales came in above expectations last quarter, it missed on quarterly earnings. It’s also facing an increasingly dominant Amazon, which is pushing further into Walmart’s territory with same-day grocery delivery in more than 1,000 cities and towns in the US, with plans to expand to 2,300 by the end of the year.

And unlike Walmart, Amazon, in addition to e-commerce and physical stores, has a number of other, much higher-income revenue streams — most notably its fast-growing cloud business, AWS. Earlier this year, Amazon nudged ahead of Walmart in overall revenue, and is expected to continue to build on that lead when Walmart reports Q3 earnings next week.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.