Benzinga | Jul 12, 2021 12:12PM EDT

Booz Allen Hamilton Invests In An Adaptive AI Company Latent AI

* Booz Allen Hamilton Holding Corporation (NYSE: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.