Palantir Flies High In Q1 Thanks To AI Boom
Palantir posted a record profit in the first quarter as demand for its AI solutions remains strong.
Credit: Kristoffer Tripplaar/Alamy Stock Photo
If artificial intelligence (AI) is overhyped or even in a bubble, Palantir Technologies’ customers did not get the memo. The data analytics firm posted a record net profit in the first quarter (Q1) of $106 million and revenue of $634.3 million, exceeding Wall Street’s expectations. A common use for...
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