CACI wins $81M deal to upgrade DIA media exploitation systems

CACI has been awarded a five-year, $81 million task order to support the Defense Intelligence Agency (DIA) National Media Exploitation Center (NMEC).

The Storefront and Dissemination Support task order will provide global information technology (IT) operational, sustainment, and modernization for databases across the intelligence community (IC) and the Department of Defense (DoD).

The task order, part of the DIA’s Data Science, Operations, Requirements, Exploitation, and Engineering 2 (DORE2) contract, focuses on enhancing information dissemination capabilities through the modernization of legacy NMEC systems and the development of a secure, robust cloud architecture. CACI’s role will also encompass management, operations, and maintenance support, incorporating Agile methodologies to ensure effective system updates and maintenance.

[Image courtesy: Defense Intelligence Agency]

Just in

Google to relaunch Gemini AI picture generator in a ‘few weeks’ following mounting criticism of inaccurate images — CNBC

Google plans to relaunch its image-generation AI tool in the next “few weeks,” according to Google DeepMind CEO Demis Hassabis, writes Hayden Field. 

Broadcom divests End-User Computing to KKR in $4B deal

Broadcom has agreed to sell its End-User Computing (EUC) division to investment firm KKR in a deal valued at $4 billion. This move will see the division, which focuses on digital workspace solutions, becoming an independent company following the sale's completion.

Myko AI raises $2.7M

Miami, Fl-based Myko, an AI platform provider focused on analyzing sales and revenue data, has secured $2.7 million in seed funding.

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.