Palantir

The U.S. Department of Defense recently awarded $480 million to data processing company Palantir to accelerate the introduction of its Maven AI battle code throughout the Department of Defense. The contract was signed by providing up to $480 million over five years for the development of the Maven Smart System (MSS) prototype, and the Department of Defense hopes that Palantir will complete this work by 2029. Source Note: Image generated by AI, image licensing service provider Midjourney The Maven project is one of the most well-known artificial intelligence projects of the U.S. Department of Defense, which aims to use A…

Data company Palantir (PLTR) surged more than $19% in after-hours trading after its earnings report on Monday, beating analysts' revenue expectations. As of the fourth quarter of 2023, the company's revenue increased by $20% year-on-year to $608 million, exceeding LSEG (formerly Refinitiv)'s expectations of $602 million. Source Note: Image generated by AI, image licensing service provider Midjourney Palantir CEO Alex Karp said in a letter to shareholders that the company's expansion and growth are "unprecedented", especially...