Palantir, Thales Among Companies Competing on FAA AI Tool

The US Federal Aviation Administration has brought in Palantir Technologies Inc., Thales SA and Air Space Intelligence Inc. to compete on a new artificial intelligence tool for air traffic management, according to a person familiar with the matter.

The move is part of a broader push to modernize the nation’s aging air traffic control system, an effort officials have said will make the skies safer and reduce technology outages. So far the FAA has received $12.5 billion from Congress for the project but has said it’ll need about $20 billion more to complete the overhaul.