BigBear.AI's shares increased by more than 50% following the announcement of a contract with the U.S. Department of Defense's Chief Digital and Artificial Intelligence Office. The partnership will involve creating custom AI models to analyze media originating from potential foreign adversaries. Additionally, the appointment of Kevin McAleenan, former Acting Secretary of Homeland Security, as the new CEO adds strategic value, potentially enhancing BigBear.AI's connections within government and defense sectors, especially under the influence of the Trump administration's AI policies.
Under the terms of the deal, BigBear.AI will support the CDAO and the Office of the Secretary of Defense by leveraging custom AI models to better assess news media originating in countries that are potential foreign adversaries.
Adding even more fuel to the BBAI fire, the company just appointed Kevin McAleenan as its new CEO - which is a big deal.
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