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Palantir Technologies Inc - PLTR STOCK NEWS

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.

News

Palantir to Unveil New Customers at Oversubscribed AIPCon

Rhea-AI Summary
Palantir Technologies Inc. (PLTR) announces over 60 customers showcasing their work in the Artificial Intelligence Platform (AIP) at AIPCon, with the unveiling of 20+ new customers & partners. AIP Bootcamps have seen 850 completions globally, with notable customers like Lennar, General Mills, and OpenAI presenting at the event.
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Army Selects Palantir to Deliver TITAN Next Generation Deep-Sensing Capability in Prototype Maturation Phase

Rhea-AI Summary
Palantir Technologies Inc. (PLTR) secures a $178.4 million prime agreement with the Army for the development of the Tactical Intelligence Targeting Access Node (TITAN) ground station system. The agreement includes the development of 10 TITAN prototypes, integration of new critical technologies, and fielding transition. Palantir's TITAN solution aims to enhance target recognition and geolocation through AI/ML, reducing sensor-to-shooter timelines and providing real-time actionable intelligence for the Army.
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RED 6 PARTNERS WITH PALANTIR TO INTEGRATE ONTOLOGY SOFTWARE DEVELOPMENT KIT (OSKD)

Rhea-AI Summary
Red 6 and Palantir Technologies Inc. (PLTR) partner to integrate Red 6's augmented reality technology with Palantir's Mixed Reality platform Ontology Software Development Kit (OSDK) to enhance decision-making for the Department of Defense's Joint All-Domain Command and Control (JADC2) vision. The partnership aims to provide timely, relevant data to warfighters, reducing cognitive load and enabling at-speed decisions across domains.
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Palantir and Ministry of Economy of Ukraine Sign Demining Partnership

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Palantir Technologies Inc. partners with the Government of Ukraine to digitize demining operations and support the goal of demining 80% of potentially mined land within 10 years. The partnership aims to enhance coordination, prioritize resources effectively, and leverage AI technology for decision-making in mine action.
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Palantir Wins Dresner Advisory Services 2023 Technology Innovation Award in Multiple Categories

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Palantir Technologies Inc. (PLTR) wins eight categories at the Dresner Advisory Services 2023 Technology Innovation Awards for its decision intelligence platform. The company excelled in areas such as AI, Data Science, Cloud Business Intelligence, and more, based on user-driven research.
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Palantir Technologies Partners with SCSP's AI Expo on National Competitiveness

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Palantir Technologies Inc. (PLTR) to be the lead sponsor at the AI Expo for National Competitiveness organized by SCSP in Washington, DC. The expo aims to promote AI innovation and collaboration among industry leaders, research institutions, and government entities.
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Palantir, Bapco Energies Enter Strategic Partnership to Support Bahrain’s Energy Production

Rhea-AI Summary
Palantir Technologies Inc. (PLTR) and Bapco Upstream announced a strategic partnership to deploy Palantir’s software to support and accelerate Bapco Upstream’s ability to power the next generation of energy in Bahrain. The partnership aims to maximize energy production, reduce carbon emissions, and achieve net-zero emissions by 2060. Palantir's AI platforms will be deployed in a three-year agreement to support Bapco Upstream's mission. The collaboration is expected to unlock new possibilities in upstream operations and drive efficiency throughout the organization.
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3.86%
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Palantir Reports Its Fifth Consecutive Quarter of GAAP Profitability; Fourth Quarter GAAP EPS of $0.04

Rhea-AI Summary
Palantir Technologies Inc. (NYSE:PLTR) announced Q4 2023 financial results, with GAAP net income of $93 million, a 15% margin, and adjusted EPS of $0.08. Revenue grew 20% year-over-year to $608 million. US commercial revenue increased by 70% year-over-year to $131 million. The company's cash, cash equivalents, and short-term US treasury securities totaled $3.7 billion.
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Palantir Partners with One of Australia’s Leading Retailers

Rhea-AI Summary
Coles Supermarkets and Palantir Technologies Inc. have announced a 3-year partnership to deploy Palantir platforms to all 850+ stores in Australia. The partnership aims to deliver a suite of workforce strategy and analytics tools to drive operational excellence and improve Coles' end-to-end workforce strategy and integrated supply chain functions. The platforms will enable Coles to better understand and address workforce-related spend, optimize workforce planning, shift efficiency, and enhance the experience for shoppers.
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Palantir Announces Date of Fourth Quarter 2023 Earnings Release and Webcast

Rhea-AI Summary
Palantir Technologies Inc. (PLTR) will release its Q4 and fiscal year 2023 results on February 5, 2024, followed by a webcast to discuss the results. Shareholders can pre-register for the webcast and submit questions for the discussion.
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FAQ

What is the current stock price of Palantir Technologies (PLTR)?

The current stock price of Palantir Technologies (PLTR) is $101.39 as of February 21, 2025.

What is the market cap of Palantir Technologies (PLTR)?

The market cap of Palantir Technologies (PLTR) is approximately 249.2B.

What is Palantir Technologies Inc. known for?

Palantir Technologies Inc. is known for building software platforms that help experts perform powerful, collaborative analysis of large datasets.

What are the main products of Palantir?

Palantir’s main products include Palantir Gotham and Palantir Foundry. Gotham serves public institutions, while Foundry is aimed at commercial clients.

When was Palantir Technologies Inc. founded?

Palantir Technologies Inc. was founded in 2003.

Where is Palantir Technologies Inc. headquartered?

Palantir Technologies Inc. is headquartered in Palo Alto, CA.

When did Palantir go public?

Palantir went public in 2020.

What sectors does Palantir serve?

Palantir serves public institutions, private enterprises, and non-profit organizations.

What is Palantir Gotham used for?

Palantir Gotham is used for integrating, visualizing, and analyzing large amounts of data, particularly for defense, anti-fraud, and disease response missions.

What is the purpose of Palantir Foundry?

Palantir Foundry is designed to enhance data-driven decision-making processes for commercial clients.

How has Palantir expanded recently?

Palantir has expanded through strategic partnerships and by deploying its technologies in various high-impact areas.

What impact do Palantir's solutions have on organizations?

Palantir's solutions help organizations efficiently and accurately integrate and analyze data, thus supporting critical missions and enhancing overall performance.
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Palantir Technologies Inc

NYSE:PLTR

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PLTR Stock Data

249.24B
2.13B
5.1%
53.22%
3.68%
Software - Infrastructure
Services-prepackaged Software
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United States
DENVER