Welcome to our dedicated page for Palantir Technologies news (Ticker: PLTR), a resource for investors and traders seeking the latest updates and insights on Palantir Technologies stock.
Palantir Technologies Inc. (symbol: PLTR) builds advanced software platforms that empower human experts to perform robust, collaborative data analysis at scale. Established in 2003 and headquartered in Palo Alto, CA, Palantir has made significant strides in the tech industry. Its software is utilized across public institutions, private enterprises, and non-profit sectors to address the complex task of making sense of large, diverse datasets in a responsible manner.
Palantir's key offerings include the Palantir Gotham and Palantir Foundry platforms. Gotham enables institutions to integrate, visualize, and analyze massive amounts of data for critical missions, ranging from defense and anti-fraud initiatives to disease response. Foundry, on the other hand, serves commercial clients by enhancing their data-driven decision-making processes.
The company went public in 2020 and has continuously expanded its global presence, with offices worldwide. Recent achievements include the expansion of strategic partnerships and the deployment of its technologies in various high-impact areas. Financially, Palantir has shown a strong performance, reflecting its growing influence and market penetration.
Palantir’s solutions are pivotal in revolutionizing how organizations approach data integration and analysis. By providing cutting-edge tools that enhance efficiency and accuracy, Palantir continues to support some of the world's most critical missions.
Surf Air Mobility (NYSE: SRFM) has announced plans to form Surf Air Technologies , a new venture aimed at developing AI-powered software tools for the advanced air mobility industry. The core platform, SurfOS, will be powered by Palantir Technologies (NYSE: PLTR). This initiative builds on the successful collaboration between Surf Air and Palantir since 2021, which has already yielded improvements in Surf Air's operations, including a 25% increase in revenue per trip for its On Demand charter division.
SurfOS will focus on addressing key opportunities in advanced air mobility, such as dynamic pricing, revenue management, and optimal aircraft and crew utilization. The potential market is substantial, with the FAA reporting 1,818 Part 135 operators and 11,702 aircraft in the U.S. alone. Industry reports estimate the regional air mobility market could reach $75-115 billion by 2035, with urban air mobility potentially reaching $1 trillion by 2040.
Palantir Technologies (NYSE: PLTR) and Microsoft (NASDAQ: MSFT) have announced a significant expansion of their partnership to bring advanced cloud, AI, and analytics capabilities to the U.S. Defense and Intelligence Community. This collaboration will integrate Microsoft's Large Language Models (LLMs) via Azure OpenAI Service with Palantir's AI Platform (AIP) in Microsoft's government and classified cloud environments.
Key points of the partnership include:
- Deployment of Palantir's suite of products in Azure Government, Azure Government Secret, and Top Secret clouds
- Palantir as an early adopter of Azure's OpenAI Service in Secret and Top Secret environments
- Integration of Microsoft's Azure cloud compute and LLMs with Palantir's data integration and use case building capabilities
- Focus on enabling AI-driven operational workloads across Defense and Intelligence verticals
- Commitment to responsible privacy standards and ethical AI practices
Palantir Technologies Inc. (NYSE: PLTR) and Wendy's Quality Supply Chain Co-op (QSCC) have announced a partnership to accelerate digital transformation, AI adoption, and operational decision-making across the Co-op. QSCC, serving over 6,400 Wendy's restaurants in the US and Canada, will initially implement Palantir's Artificial Intelligence Platform (AIP) to enhance decision-making processes.
In a second phase, QSCC will utilize Palantir AIP for supply chain management and waste prevention, including Dynamic Inventory Management and Demand Deviation and Allocation. This partnership aims to create a fully integrated Supply Chain Network with AI-driven, automated workflows, potentially leading to cost savings and efficiencies for all Wendy's operators.
Palantir Technologies Inc. (NYSE:PLTR) reported strong financial results for Q2 2024, with revenue growing 27% year-over-year to $678 million. Highlights include:
- US commercial revenue up 55% YoY to $159 million
- US commercial customer count increased 83% YoY to 295
- Government revenue grew 23% YoY to $371 million
- GAAP net income of $134 million (20% margin)
- GAAP EPS grew 500% YoY to $0.06
- Adjusted free cash flow of $149 million (22% margin)
Palantir raised its full-year 2024 revenue guidance to $2.742 - $2.750 billion and US commercial revenue guidance to over $672 million (47% growth). The company expects continued GAAP operating income and net income in each quarter of 2024.
Palantir Technologies Inc. (NYSE:PLTR) and Tree Energy Solutions (TES) have announced a multi-year partnership to leverage Palantir's AI software in TES's mission to drive the green energy transition. Palantir Foundry and Palantir Artificial Intelligence Platform (AIP) will support TES in various areas, including supply chain management, investment optimization, and carbon emissions tracking.
TES, a leader in producing e-NG (electric natural gas derived from green hydrogen), will use Palantir's technology to enhance data-driven decision-making. This partnership marks TES's significant step in digital transformation and Palantir's first partnership of its kind in the green energy sector.
Palantir Technologies Inc. (NYSE: PLTR) has announced the date for its second quarter 2024 earnings release. The results for the quarter ending June 30, 2024, will be released on Monday, August 5, 2024, after U.S. markets close. The company will host a webcast at 3:00 PM MT / 5:00 PM ET to discuss the results.
Investors can access the live webcast and replay at investors.palantir.com. Palantir has also provided a link for pre-registration. Additionally, shareholders can submit and vote on questions through the Say Technologies platform.
On July 8, 2024, Athinia and ASNA announced a collaboration to improve semiconductor manufacturing yields through enhanced data sharing and traceability of subcomponent parts. This partnership aims to innovate in the tracking of previously untraceable parts, important for reducing defects and enhancing yield rates. Athinia's data analytics and multi-party sharing will help ASNA optimize component performance and lower costs by providing insights into the entire lifecycle of these parts. The initiative will leverage advanced analytics and machine learning to improve wafer performance, offering valuable insights and potentially enhancing the overall quality and reliability of semiconductor components.
Voyager Space and Palantir Technologies announced a strategic partnership aimed at advancing the space and defense technology sectors through the integration of Palantir's AI tools into Voyager's enterprise.
Voyager will utilize Palantir's AI capabilities to enhance their defense solutions, communications, military research and development, and intelligence and space research.
This partnership will leverage Palantir's Foundry and Artificial Intelligence Platform (AIP) to improve Voyager's in-house payload management system for the International Space Station and the future Starlab commercial space station.
The collaboration aims to optimize flight and testing data on solid fuel thrusters, and enhance real-time signal data processing and targeting for optical communications systems for DoD customers.
Starlab Space has announced a strategic partnership with Palantir Technologies to enhance its commercial space station operations.
Palantir will provide AI-driven software solutions to optimize space architecture, resource allocation, mission planning, and system performance through digital twins and predictive modeling.
This partnership aims to reduce operational costs, streamline on-board operations, and extend the lifespan of critical components. Starlab's recent expansion includes integrating MDA Space's robotics capabilities and forming strategic partnerships with Northrop Grumman, Hilton Hotels, and SpaceX.
The collaboration is expected to drive innovation and efficiency in space research and ensure resilience in commercial space exploration.
Palantir Technologies (NYSE: PLTR) has partnered with the Advanced Research Projects Agency for Health (ARPA-H) to enhance health outcomes through AI/ML and data software solutions. The $19 million contract spans two years, aiming to leverage Palantir's AIP and Foundry software for a comprehensive data strategy. This collaboration seeks to drive efficiency and innovation within ARPA-H's operations, focusing on data-centric approaches to enhance program design, tracking, and return on investment analysis. Palantir's technology will ensure robust security, privacy, and adherence to high standards, facilitating impactful health research and outcomes.
FAQ
What is the current stock price of Palantir Technologies (PLTR)?
What is the market cap of Palantir Technologies (PLTR)?
What is Palantir Technologies Inc. known for?
What are the main products of Palantir?
When was Palantir Technologies Inc. founded?
Where is Palantir Technologies Inc. headquartered?
When did Palantir go public?
What sectors does Palantir serve?
What is Palantir Gotham used for?
What is the purpose of Palantir Foundry?
How has Palantir expanded recently?
What impact do Palantir's solutions have on organizations?
