What's Going On With BigBear.ai Stock?

What's Going On With BigBear.ai Stock?

Grand News Network / November 6, 2023 8:45 PM

BigBear.ai, Inc. (NYSE: BBAI) shares are trading higher on Monday. The company announced it will acquire Vision AI leader, Pangiam Intermediate Holdings, LLC.

What To Know: The all-cash transaction will total approximately $70 million and is anticipated to close in the first quarter of 2024.

Pangiam's facial recognition and advanced biometrics are expected to complement BigBear.ai's computer vision proficiencies.

"Vision AI has long been considered the ...

Full story available on Benzinga.com

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