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[BUSINESS] · Spain · 2 sources

Palantir defense contract in Spain costs 3 million euros more than announced

A contract between the Spanish Defense Staff and the American company Palantir is costing three million euros more than originally announced. Documents obtained through a transparency request reveal the total cost of the agreement has risen to nearly 19.5 million euros.

The contract, awarded in 2023, involves the use of Gotham, an artificial intelligence platform designed to aggregate and analyze data to identify patterns and improve decision-making within the Armed Forces Intelligence System.

Palantir, founded in 2003 with investment from the CIA's venture capital arm In-Q-Tel, is led by CEO Alex Karp. Previous attempts to obtain specific details regarding the agreement were restricted by the Chief of the Defense Staff, Fernando García González Valerio, citing official secrets laws.

Entities

Alex Karp · Palantir · Peter Thiel · Spain · Spanish Defense Staff