Forget BigBear.ai: This Cloud Platform Is Quietly Becoming Mission‑Critical for Fortune 500 AI Workloads

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That's why the recent boom in AI spending has benefited businesses that make data processing chips, data storage devices, and data center equipment.But all the AI data in the world is useless if you can't access it. That's why you may want to forget BigBear.ai (NYSE: BBAI) and check out IBM (NYSE: IBM), especially now that IBM is purchasing Confluent (NASDAQ: CFLT), a cloud platform that's quietly becoming mission-critical for Fortune 500 AI workloads.Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »Image source: Getty Images.Right now, BigBear.ai provides AI applications for government, defense, and security systems. One of its biggest products is TrueFace, an AI-powered facial recognition platform that scans a person's face in real time and instantly checks it against a database of known photos. Another product is ConductorOS, which provides secure edge computing services in remote locations.These platforms are quality products and absolutely necessary for their users. Trueface is used at airport security checkpoints and other ports of entry to check travelers' faces against databases of known criminals and suspected terrorists. According to BigBear.ai management, Trueface boasts a 99.1% success rate against a database of 12 million identities and performs its scans in as fast as two milliseconds.Meanwhile, ConductorOS provides AI-powered security for edge systems and devices, making it possible for military personnel in remote locations to verify that their communications are both secure and accurate. No wonder the U.S. Department of Defense and the U.S. intelligence community are two of BigBear.ai's biggest clients.Image source: Getty Images.BigBear.ai is a very important company in its niche. The problem for BigBear is that the niche is too narrow.Most corporations -- the ones spending big money on AI right now -- don't really have a need for AI-powered facial recognition scanners for entry-point security, because of their minimal physical footprint. While positive 1:1 facial recognition matching software would certainly make an office building more secure, most businesses don't need to make a massive investment in facial recognition hardware and software when a simple employee ID card will do the trick.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,881.62 +2.74 (+0.04%)Dow 3048,904.78 -73.14 (-0.15%)Nasdaq22,748.86 +80.65 (+0.36%)Russell 20002,655.94 +23.58 (+0.90%)VIX21.44 +1.58 (+7.96%)Gold5,335.90 +88.00 (+1.68%)Trending tickersBBAI BigBear.ai Holdings, Inc. 4.1000 +0.1400 (+3.54%)ASTS AST SpaceMobile, Inc. 86.92 +7.73 (+9.76%)BTC-USD Bitcoin USD 69,381.09 +4,103.32 (+6.29%)MDB MongoDB, Inc. 325.01 -3.46 (-1.05%)CRDO Credo Technology Group Holding Ltd 114.22 +1.95 (+1.74%)PortfolioSign in to access your portfolioSign inTop gainersEMAT Evolution Metals & Technologies Corp. 10.16 +2.19 (+27.48%)OCUL Ocular Therapeutix, Inc. 10.98 +2.04 (+22.82%)AXTI AXT, Inc. 46.32 +8.42 (+22.22%)AAOI Applied Optoelectronics, Inc. 102.51 +18.28 (+21.70%)LASR nLIGHT, Inc. 67.69 +11.50 (+20.47%)Top losersTPB Turning Point Brands, Inc. 108.51 -28.48 (-20.79%)AES The AES Corporation 14.21 -3.07 (-17.77%)AVAV AeroVironment, Inc. 208.32 -43.93 (-17.42%)ELF e.l.f. 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