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BigBear.ai finalized its acquisition of Pangiam, marking a significant step in the evolution of AI-powered decision intelligence solutions. This move is expected to redefine the landscape of Vision AI, merging facial recognition, anomaly detection, and advanced biometrics with BigBear.ai’s predictive analytics capabilities. Kevin McAleenan, Pangiam’s former CEO, will take on the role of President. The combined entity is looking to deliver increased value to clients and partners. They also want to set themselves up as a prominent player in national security, supply chain management, and digital identity solutions.
Layoffs: Cisco
Cisco Systems announces a wave of layoffs, targeting over 700 tech jobs in the Bay Area, signaling ongoing economic challenges for the technology sector post-coronavirus. The layoffs, affecting workers in San Jose, Milpitas, and San Francisco, underscore a broader trend of high-tech job cuts in the region. With Cisco’s move, the tally of tech job losses in the Bay Area since 2022 climbs above 37,100. The tech landscape has had its ups and downs in the past few years.
Hiring: RTX
Raytheon secures a $20 million Navy deal, benefiting its subsidiary’s facility in West Chester, OH and potentially creating new jobs. The contract, focused on MK698 Block Two upgrades and test equipment spare parts, underscores Raytheon’s pivotal role in defense work. With completion expected by March 2026, the contract signals a significant boost for Raytheon’s West Chester site and highlights its importance in securing future projects. As a major defense contractor, Raytheon remains a key player in weapons manufacturing and guided missile production globally.
Cleared Employer at Work: CISA
If you have experience in artificial intelligence (AI) development or machine learning, CISA is looking for people just like you! Learn more about our new AI positions and explore job opportunities.
Opportunity to Watch
Swarm Aero, a developer of large uncrewed aerial vehicle (UAV) swarms, has chosen Northwest Arkansas as the site for its advanced, high-volume manufacturing of uncrewed aircraft after a thorough nationwide search. The region appeals to Swarm Aero because of its skilled labor force, welcoming community, and favorable business environment.
With plans to establish a production facility in Rogers, AR, Swarm Aero aims to leverage artificial intelligence and autonomy to provide cutting-edge defense capabilities for the U.S. Armed Forces and allies, particularly in the Pacific Theater. Congressman Steve Womack’s support and the region’s strategic significance are cited as pivotal factors in the selection process. The move represents a significant step forward in Swarm Aero’s mission to enhance military operations while prioritizing the safety of service members.
