procurer
/prəˈkjʊərər/
Definition
An entity, such as an organization or government agency, that identifies, acquires, or purchases goods and services to fulfill its operational requirements.
Etymology
Derived from the Middle English 'procurer' and the Old French 'procurer', which trace back to the Latin 'procurare', meaning 'to take care of' or 'to manage'. It evolved from the act of managing affairs to the specific sense of obtaining or acquiring supplies.
In the news
The article describes the U.S. Department of Defense as a major institutional procurer of computing infrastructure, highlighting its role as a massive buyer in the AI technology market. This status makes the Pentagon a critical target for companies like SpaceX seeking to secure large-scale government contracts.
SpaceX in talks to supply Pentagon with AI computing
Read the full article ↗MarketScale