Completion of Partnership with Whitespace

Summary by AI BETAClose X

Defence Holdings PLC (LSE: ALRT) announced a strategic partnership with Whitespace Global Limited to co-develop AI applications for defence. The partnership's first project, already underway for the UK Ministry of Defence, is commercially significant with long-term deployment potential. The companies will build a portfolio of sovereign AI applications on Whitespace's Collective OS platform, with Defence Holdings investing in initial development and receiving revenue share and cost recovery upon deployment. The applications will focus on areas such as autonomous decision-making and information warfare. Joint IP ownership will allow flexibility to spin out projects into Special Purpose Vehicles. The partnership aims to create a UK-based leader in sovereign AI defence technology.

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