Investing.com -- Palantir Technologies Inc . (NYSE:NASDAQ:PLTR) shares climbed 5.3% following the announcement that NATO has acquired the company’s AI-powered military system. The acquisition by the NATO Communications and Information Agency (NCIA) represents a significant step in bolstering the Alliance’s warfighting capabilities with advanced technology.
The system, known as the Palantir Maven Smart System NATO (MSS NATO), will be employed within NATO’s Allied Command Operations (ACO) to enhance various aspects of military operations. According to NCIA General Manager, Mr. Ludwig Decamps, the deployment of MSS NATO will provide "customized state-of-the-art AI capabilities to the Alliance," ensuring that forces are equipped with the necessary tools for effective and decisive action on the modern battlefield.
The integration of MSS NATO into NATO’s operations is expected to improve intelligence fusion and targeting, increase battlespace awareness and planning, and expedite decision-making processes through the use of AI applications, including large language models and machine learning. Shon Manasco, Senior Counselor at Palantir Technologies, emphasized the company’s pride in supporting NATO’s technological advancements and the Alliance’s commitment to leading in innovation.
General Markus Laubenthal, SHAPE Chief of Staff, highlighted the operational value of the Maven Smart System NATO, stating that it enables the Alliance to leverage complex data and accelerate decision-making, which is essential to their warfighting ability. The procurement process for MSS NATO was notably swift, taking only six months from the initial requirement definition to the acquisition of the system.
The new system is expected to be operational within ACO in the next 30 days, marking a quick integration of this advanced capability into NATO’s defense framework.