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OpenAI has secured a $200 million contract with the US Department of Defense

OpenAI Secures $200 Million US Department of Defense Contract

The US Department of Defense said in a statement on Monday that it has awarded OpenAI a $200 million contract to develop advanced AI capabilities for national security. The US Department of Defense stated, "Under this contract, the contractor will develop cutting-edge AI technology prototypes to address critical national security challenges in the fields of operations and the defense enterprise." The US Department of Defense said the work will be mainly carried out in and around Washington, D.C., and is expected to be completed in July 2026. OpenAI said last week that as of June this year, its annualized revenue had soared to $10 billion, putting it on track to meet its annual revenue target. The White House Office of Management and Budget issued new guidelines in April, instructing federal agencies to ensure that the government and the public benefit from the competitive US artificial intelligence market.

—— Reuters, CNBC

via Wind Vane Reference Express - Telegram Channel

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