Booz Allen Hamilton Invests In An Adaptive AI Company Latent AI

Booz Allen Hamilton Holding Corporation BAH announced a strategic investment in Latent AI Inc., a company with a suite of software tools that enable adaptive artificial intelligence (AI) and machine learning (ML) at the edge.
The financial terms of the deal were not disclosed.
Latent AI technologies simplify and accelerate traditional AI workflows. Particularly for defense organizations, the ability to deploy and run AI/ML models at the tactical edge is critical to achieving situational awareness, and AI is an increasingly essential component of mission success.
The Latent AI Efficient Inference Platform (LEIP) is a modular, fully integrated edge AI development platform that optimizes the compute, energy consumption, and memory allocation of tactical edge devices.
The company says this investment in Latent AI will help enable their clients to implement ML models on small form factor chip-sets and into highly sought-after end-user devices, increasing AI adoption and return on investment.
BAH held $990.91 million in cash and equivalents as of March 31, 2021.
Price Action: BAH shares traded higher by 0.35% at $89.09 on the last check Monday.