"Governments are budgeting for increased AI spending to address mission-critical national security needs and other operations. BigBear.ai (NYSE: BBAI) is a leader in providing generative AI tools for national security and defense. It's positioning itself to capitalize on this surging demand with its recent acquisition of AskSage. AskSage could be a game changer in accelerating the company's growth. It offers a platform that combines AI models and AI agents to perform tasks autonomously and is purposefully built for handling sensitive data."
"This acquisition provides BigBear with an all-in-one solution encompassing software, data, and services, which management expects will give it a competitive edge in securing more government contracts. AskSage has been a fast-growing business. Its annual recurring revenue is expected to be six times higher this year than in 2024. The increased funding for defense in the "big beautiful bill," which allocates $70 billion for customs and border protection and $673 million for biometric identification solutions, is a significant catalyst for BigBear.ai"
Artificial intelligence is projected to add roughly $15 trillion to the global economy by 2030, according to PwC. Governments are increasing budgets for AI to meet mission-critical national security needs, creating demand for generative AI tools in defense. BigBear.ai offers generative AI solutions tailored for sensitive data and expanded capabilities through the AskSage acquisition, with AskSage ARR expected to grow sixfold year over year. Increased defense funding in recent legislation, including allocations for customs, border protection, and biometric identification, serves as a catalyst. Dell stands to benefit from rising AI data-center investment as a server leader, while Meta Platforms is growing via AI-driven advertising.
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