Since the release of ChatGPT, the Department of Defense has awarded approximately $670 million in contracts to nearly 323 companies for AI projects, marking a 20% increase.
The Department of Homeland Security has also significantly increased its spending on AI, awarding $22 million to 20 companies, which is more than triple its prior spending.
The largest DOD contract regarding AI since fiscal year 2023 is valued at $117 million and focuses on developing prototypes for artificial/machine learning algorithms for the Army.
Major players in military AI development include both established tech contractors like Palantir and newer startups, underscoring an expanding market as interest in AI grows.
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