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Stock impact report

BigBear.ai and AD Ports Group Announce Strategic Partnership Exploring Development of Next-Generation AI Customs Management Systems for Ports and Borders [Yahoo! Finance]

BigBear.ai, Inc. (BBAI) 
Company Research Source: Yahoo! Finance
United Arab Emirates business, today announced a strategic partnership with Maqta Technologies, the digital arm of AD Ports Group (ADX: ADPORTS), a leading global enabler of integrated trade, industry, and logistics solutions. The partnership will explore co-development and delivery of advanced customs and border operations solutions to government authorities and port operators worldwide. Seaborne trade accounts for 70 percent of global commerce by value — roughly $17 trillion annually — requiring ports to handle tens of trillions of dollars in cargo movements each year. With volumes of cargo and travelers moving through ports and across land borders increasing, the new partnership seeks to be a force-multiplier for governments and commercial entities operating in this arena. Together, the companies aim to develop and deploy cutting-edge AI to reduce friction in global commerce by increasing the speed and accuracy of how goods are processed by operators at ports of entry, in turn Show less Read more
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