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genai/news//The Globe and Mail
Pentagon awards OpenAI a US$200-million contract to provide artificial intelligence tools.
OpenAI secured a $200 million Pentagon contract to develop AI tools for national security purposes.
KEY POINTS
The Pentagon contract work will primarily occur near Washington and is scheduled to finish by July 2026.
OpenAI's annual revenue run rate reached $10 billion as of June 2024.
Recent White House guidance exempted national security and defense AI systems from new federal AI marketplace rules.
Open this photo in gallery: OpenAI's annualized revenue run rate surged to US$10-billion as of June amid booming AI adoption.Dado Ruvic/Reuters
ChatGPT maker OpenAI was awarded a US$200-million contract to provide the U.S. Defense Department with artificial intelligence tools, the Pentagon said in a statement on Monday.
“Under this award, the performer will develop prototype frontier AI capabilities to address critical national security challenges in both warfighting and enterprise domains,” the Pentagon said.
The work will be primarily performed in and near Washington with an estimated completion date of July 2026, the Pentagon said.
OpenAI said last week that its annualized revenue run rate surged to US$10-billion as of June, positioning the company to hit its full-year target amid booming AI adoption.
OpenAI said in March it would raise up to $40 billion in a new funding round led by SoftBank Group at a US$300-billion valuation. OpenAI had 500 million weekly active users as of the end of March.
The White House’s Office of Management and Budget released new guidance in April directing federal agencies to ensure that the government and “the public benefit from a competitive American AI marketplace.”
The guidance had exempted national security and defence systems.