Artificial Intelligence: AI data company Palantir continues to grow rapidly
In addition to the military and authorities, US companies are also seeking AI assistance from Palantir. This is ensuring a consistently high growth rate for the company.
Palantir, a data analysis firm known for its collaboration with US security agencies, has reported continued rapid business growth. The company forecasts revenue of around $2.65 billion for the current quarter, representing a 90% increase from the same period last year. Palantir's quarterly profit grew 49% year-over-year to $1.13 billion, driven primarily by high demand in the US, where revenue reached $1.94 billion, more than double the previous year's figure.
The company's software is used by various US government agencies, including the Department of Homeland Security and the Pentagon.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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