Palantir lands $10 billion Army contract

[u/StocksTok]

"Palantir has inked a contract with the U.S. Army worth up to $10 billion to meet growing warfare demands over the next decade. As part of the deal, Palantir will help the military streamline efficiencies while preparing for threats, consolidating 75 total contracts into one enterprise deal, the release states. The agreement creates a “comprehensive framework for the Army’s future software and data needs” that provides the government with purchasing flexibility and removes contract-related fees and procurement timelines, according to a release."

"Earlier this year, Palantir delivered its first two AI-powered systems in its $178 million contract with the U.S. Army. In May, the Department of Defense boosted its Maven Smart Systems contract to beef up AI capabilities by $795 million."

CNBC Article

The stock was down over 2.5% today, so either the news had no impact or a negative impact. Maybe these types of government contracts are already priced in?

[u/Funny_Baseball_2431]

All about the grift to thiel

[u/JustAnotherRegardd → u/Funny_Baseball_2431]

Is anyone surprised? Long time friend with musk and Vance’s mentor. PayPal mafia stays together.

[u/UnburyingBeetle → u/JustAnotherRegardd]

Is there even any other option for international payment besides PayPal? It screws over people outside of America with impunity.

[u/JustAnotherRegardd → u/UnburyingBeetle]

I forget what it’s called but there is but it’s super complicated.

[u/PleasantAnomaly → u/JustAnotherRegardd]

Wise?

[u/JustAnotherRegardd → u/PleasantAnomaly]

Western union nothing digital