Big data analytics firm Palantir has won a $111 million contract to provide software to link U.S. Army operations systems into a single dashboard, Bloomberg reported. The contract will represent about 10% of company’s revenue next year and could grow into a 4 year, $440 million deal. The deal strengthens Palantir’s ties with the U.S. government and reflects co-cofounder Peter Thiel’s views that...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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