Leading supply chain and commodity pricing AI companies will support DARPA's OPEN program mission to increase global critical materials market transparency.
Exiger, the market-leading supply chain and third-party risk AI company, and MetalMiner, the leading metal commodities price intelligence brand, announced today that they have been selected by the Defense Advanced Research Projects Agency (DARPA) to support the Open Price Exploration for National security (OPEN) program.
"Base and rare earth metals and other key minerals are vital to U.S. defense operations and national security. But, opacity in these complex markets creates barriers to supply chain resilience, Department of Defense readiness and economic competitiveness," said Exiger CEO Brandon Daniels. "We're honored to be selected by DARPA and to partner with MetalMiner to leverage Exiger's advanced AI and cognitive computing capabilities to provide supply chain visibility that supports this critical program."
Exiger and MetalMiner will collaborate on technology development, combining MetalMiner's deep expertise in commodities markets and Exiger's experience managing multi-tier supply chains. Exiger's proprietary, real-time supply chain data will enhance MetalMiner's pricing models and forecasting algorithms.
"We're proud to work with Exiger to architect new solutions for DARPA that seek to drive long-term stability and informed decision-making in the commodities market," said MetalMiner CEO Lisa Reisman. "The combination of Exiger's cognitive capabilities and MetalMiner's time series forecasting ability will introduce a new level of accuracy, insight and sophistication to market pricing and forecasting."
OPEN is structured as a single-phase, 24-month effort which will consist of a seven-month base period with two options.
