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Data-mining firm Palantir invested $25 million in Faraday Future shortly before the electric vehicle startup became a publicly traded company in July, according to a previously unreported Securities and Exchange Commission (SEC) document filed late last week.

In addition, Faraday Future signed a commercial contract to use Palantirs software, according to one of Palantirs most recent SEC filings. Neither company disclosed how much Faraday Future is paying, though Palantirs filing notes the contract will last between four and six years. Representatives for both companies did not immediately respond to requests for comment.

Palantir says its software is meant to serve as a central operating system for companies that need to sift through lots of data. Its customers have included the US Customs and Border Protection agency, which used Palantir software to track immigrants during the Trump administration, as well as police departments around the country, which have used Palantirs controversial predictive policing software.

Palantirs investment was part of the so-called Private Investment in Public Equity (PIPE) portion of the merger with a special purpose acquisition company (SPAC) that made Faraday Future public. PIPEs are essentially a fundraising round that happens concurrently with many SPAC mergers. Faraday Future raised a total of around $795 million in its PIPE, which included other investors like Geely, Chinas largest private automaker.

Palantirs participation in the PIPE is just the latest in a rash of investments the company has made in startups that are (or were) in the process of merging with SPACs. In some of those instances, Palantir has followed up its investment with a deal to sell its software services to the company in question, as was first reported in July by journalist Eric Newcomer. (One robotics startup, Newcomer reports, is paying Palantir $42 million to use its software, following a $21 million investment from the data-mining company.)

Faraday Futures electric vehicles are going to create an incredible amount of data at least, once theyre built. The companys first vehicle, the FF 91 SUV, isnt supposed to go into production until at least July 2022, and has been delayed for years as the company struggled. But when it exists, the electric SUV will be dotted with sensors and cameras meant to power an advanced driver assistance system in the near term and one day (perhaps) something closer to full autonomy.

The inside of the FF 91 will be even more of a data-generation machine. There are cameras in every seat capable of performing facial recognition, which will be used to quickly pull up all sorts of preferences for drivers and passengers, like their personalized app and media libraries, favored seating positions and climate settings, and more.

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Palantir invested $25 million in Faraday Future - The Verge

In the 1920s, Rocky Mountain Biological Laboratory was founded in the abandoned mining town of Gothic, Colo., about 9 miles north of Crested Butte. Since then, thousands of field biologists have studied the streams, snowfall and soil in the diverse mountain ecosystem. Now, researchers are aiming their instruments at the sky.

This project is trying to make the atmospheric connection of how the atmosphere fuels the watershed and where all the water comes from, said John Bilberry, the project manager of the Surface Atmosphere Integrated Field Laboratory campaign.

Bilberry stands in front of a row of white shipping containers housing mobile laboratories that have traveled the Arctic and the Southern Ocean near Antarctica.

The steel boxes are packed with different research instruments, like LIDARS, which pulse a laser into the sky and use sensors connected to a receiver to measure the reflection. Based on the timing, the equipment can tell how high a cloud is.

The project includes dozens of different instruments that will collect an unprecedented amount of data for nearly two years, Bilberry said.

For the first time, atmospheric measurements will be directly connected to measurements of available water.

The information will improve the computer models that scientists use to predict water availability in mountain watersheds. Its important data for Colorado and the West as a 20-year-long, climate change-fueled megadrought dries up the Colorado River.

The mountains are really the water towers for much of the freshwater in the world, said Erik Hulm, project manager at Rocky Mountain Biological Laboratory.

He says this research will help improve the understanding of how mountain watersheds behave with a changing climate and what that might mean for the 40 million people that rely on Colorado River water and the millions more who rely on mountain water around the world.

This research, led by Lawrence Berkeley National Laboratory, will build on years of study of water on or under the ground in the upper Colorado River basin. Bilberry says one missing piece of data the project could supply is how an environment as complex as a mountain watershed extracts moisture from the atmosphere.

He says the improvements to the computer models will help decision-makers and stakeholders, like farmers, water managers and utilities, know how much water the West will have in a warmer climate.

Dan Feldman is the principal investigator of the campaign. He said with climate change, the practical lessons learned from the past now only provide a partial understanding of the amount and the timing of water that comes from the Colorado River.

He pointed to the megadrought as an example of moving far and fast away from the hydrology of the past.

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To Understand How Mountains And The Atmosphere Bring Water To The West, Scientists Aim Their Instruments At Colorado's Sky - Colorado Public Radio

PLANO, Texas, Aug. 31, 2021 (GLOBE NEWSWIRE) -- INTRUSION Inc. (NASDAQ: INTZ), a leading provider of cyberattack prevention solutions including zero-days, announced today that Joe Head, Chief Technology Officer, Franklin Byrd, Chief Financial Officer, and Gary Davis, Chief Marketing Officer will participate at the 23rd Annual H.C. Wainwright Global Investment Conference, which is being held as a virtual event. Management is scheduled to host virtual meetings with investors throughout the day on Tuesday, September 14th.

Portfolio managers and analysts attending the conference who would like to request a meeting with management should contact their H.C. Wainwright representative. An on-demand replay of the Companys presentation will be available starting at 7:00 A.M. EDT on Monday, September 13, 2021 to conference participants and also accessible in the Investor Relations section of the Companys website at http://www.intrusion.com.

About INTRUSION Inc.

INTRUSION Inc. (NASDAQ: INTZ) protects any-sized company by leveraging advanced threat intelligence with real-time artificial intelligence to kill cyberattacks as they occur including zero-days. INTRUSIONs solution families include INTRUSION Shield, an advanced cyber-defense solution that kills cyberattacks in real-time using artificial intelligence (AI) and advanced cloud threat intelligence; INTRUSION TraceCop for identity discovery and disclosure; and INTRUSIONSavant for network data mining and advanced persistent threat detection. For more information, please visit http://www.intrusion.com.

Cautionary Statement Regarding Forward-Looking InformationThis release may contain certain forward-looking statements, including, without limitations, statements about the performance of protections provided by our INTRUSION Shield product, as well as any other statements which reflect managements expectations regarding future events and operating performance. These forward-looking statements speak only as of the date hereof and involve a number of risks and uncertainties, including, without limitation, the risks that our products and solutions do not perform as anticipated or do not meet with widespread market acceptance. These statements are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, including, risks that we have detailed in the Companys most recent reports on Form 10-K and Form 10-Q, particularly under the heading Risk Factors.

IR ContactJoel Achramowicz sheltonir@sheltongroup.comP: 415-845-9964

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INTRUSION to Participate at the HC Wainwright Global Investment Conference on September 14 - GlobeNewswire