Two of the largest US defence technology companies, Palantir, specialises AI-enabled vantage platforms and Anduril  who specialises in autonomous systems, is to form a consortium that will jointly bid for US government work worth over £850bn defence budget in an effort to disrupt the country’s oligopoly of “prime contractors”, supplying the US government with cutting-edge defence and weapons capabilities. Palantir’s share prices skyrocketed by 300 per cent in the past year with a market capitalisation of $169bn. Space X was valued at $350bn this month and OpenAI with a valuation of $157bn

The consortium has already reached with several tech groups including SpaceX, ChatGPT maker OpenAI, autonomous ship-builder Saronic and artificial intelligence data group Scale AI.