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. (NASDAQ: PLTR) is a Denver-based analytical and AI software company that serves government and commercial customers. The Palantir news page on Stock Titan aggregates coverage of the company’s announcements, partnerships, contracts, and financial reporting so investors can understand how its software is being adopted across sectors.
News about Palantir often highlights its work with national security and government agencies, such as multi-year renewals with intelligence services and large-scale deployments with the U.S. Navy to modernize the shipbuilding supply chain through initiatives like ShipOS. These stories show how Palantir’s platforms are used in complex, mission-focused environments.
Palantir also features in commercial and ecosystem news. Examples include expanded global partnerships with firms like Accenture to help enterprises integrate data and scale AI, collaborations with utilities and energy companies through the Chain Reaction initiative for AI infrastructure, and work with aviation and air mobility providers using Palantir’s platforms to power operational software like SurfOS. Additional coverage follows applications of Palantir’s software in sports and media, such as AI and computer vision projects with Teton Ridge in rodeo.
Investors and followers can also find updates on Palantir’s security and compliance milestones, including certifications that open new markets, as well as notices about upcoming earnings releases, webcasts, and related investor materials. This page is a useful reference for tracking how Palantir’s contracts, partnerships, and regulatory developments evolve over time and how they relate to the company’s role in AI, data analytics, and critical infrastructure.
Palantir Technologies Inc. (NYSE: PLTR) has announced the livestream of its fifth AIPCon, scheduled for Thursday, September 12, 2024. The event will showcase over 100 organizations, including many customers demonstrating and discussing their work publicly for the first time. Notable participants include The National Geospatial-Intelligence Agency, Aramark, bp, Associated Materials, Lear, Trinity Industries, Anduril, DTN, EllisDon, Department of State, L3Harris, Owens & Minor, and Selkirk Sport.
The conference will be available via live stream, and interested parties can email aipcon-2024@palantir.com to join the waitlist for in-person attendance.
Palantir Technologies Inc. (NYSE:PLTR) and bp (NYSE:BP) have extended their strategic partnership with a new 5-year enterprise agreement. The deal introduces new artificial intelligence capabilities using Palantir's AIP software, building on a decade-long collaboration that has supported bp's oil and gas production operations. Key features include:
1. Integration of dynamic digital physical asset models with real-time data from over 2 million sensors
2. Development of a model-based digital twin of bp's oil and gas production activity
3. Implementation of large language models (LLMs) to improve decision-making
4. Enhanced security features to control LLM actions and provide auditable digital records
The partnership aims to further enhance operational efficiency and increase data integration in bp's operations.
Palantir Technologies Inc. (NYSE: PLTR) has been recognized as a Leader in artificial intelligence and machine learning (AI/ML) software platforms by Forrester in their Q3 2024 report. Palantir received the highest ranking for Current Offering among the select companies invited to participate.
Forrester praised Palantir's strong AI/ML offering, highlighting its vision to create a platform that brings together humans and machines in a joint decision-making model. The report noted Palantir's consistent growth over the past five years, attributing it to improved platform accessibility, investment in customer success, and support for multirole AI teams.
Palantir AIP, combined with Foundry and Apollo, enables the 'AI Mesh' architecture, setting a standard for enterprises seeking composable, interoperable, and scalable AI value. The platform is designed to connect AI directly into frontline operations, powering demanding use-cases across public and private sectors.
Sompo, a top Brazilian insurer, has partnered with Palantir Technologies Inc. (NYSE: PLTR) to enhance its digital transformation. The multi-year investment will implement Palantir's Foundry and Artificial Intelligence Platform (AIP) to improve decision-making in pricing, underwriting, and risk management. This collaboration aims to boost efficiency and response times for customers and partners.
The partnership builds on Palantir's existing relationship with Sompo Holdings in Japan. Marine Insurance, where Sompo leads the Brazilian market, is the first segment to integrate the software into pricing processes. The implementation involves smart models that interpret documents and propose values based on historical pricing and risk factors.
This marks Palantir's first partnership in the Brazilian insurance sector, reflecting its growing presence in the country. The collaboration underscores Sompo's commitment to leveraging Data Analytics and AI for strategic insights and improved decision-making across the organization.
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.
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