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Business/Financial

Booz Allen’s Venture Arm Invests In Company Focused On Ethical AI

By Cal Biesecker

Wednesday, May 3rd, 2023

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Booz Allen Hamilton [BAH] on Wednesday said it has made a strategic investment in Credo AI, a small company that has developed a governance platform that helps customers maintain oversight and manage compliance, regulations and risk around their artificial intelligence projects. The value of the investment wasn’t disclosed. San Francisco-based Credo AI has 27 employees. Booz Allen said partnership will help it bring scalable responsible AI capabilities to its federal customers as regulations change and the pace of the technology…

Congress

CENTCOM Looking To Lessons Learned From Use Of LUCAS Drones

U.S Central Command (CENTCOM) is looking to lessons learned from its use of Low-cost Unmanned Combat Attack System (LUCAS) drones by Phoenix-based SpektreWorks, according to CENTCOM head Adm. Brad Cooper. […]

Army

Hegseth Says DoD Open To Reviewing Army’s Planned Cuts To Legacy Helicopter Procurement

Defense Secretary Pete Hegseth has told lawmakers the Pentagon is open to reviewing the Army’s planned procurement cuts to its legacy manned aviation fleet. Rep. Rosa DeLauro (D-Conn.), ranking member […]

Congress

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]

Congress

Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]