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Palantir CTO on Profit Forecast, AI Demand

Palantir CTO on Profit Forecast, AI Demand

Palantir Technologies Inc.’s stock jumped in Tuesday trading after the company raised its annual outlook, citing continuing demand for its artificial intelligence software.

Bloomberg.comLizette Chapman3 months ago

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Palantir Technologies raised its annual revenue forecast for the second time this year on Monday, the latest sign that the generative AI boom is driving demand for its software services. The data analytics company also forecast third-quarter sales above estimates and reported its largest ever quarterly profit, in the April-to-June period, CEO Alex Karp said in a letter to shareholders. Its AI platform, used to test, debug code and evaluate AI-related scenarios, has enabled Palantir to tap into t

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