Palantir Technologies Inc Stock Price, News & Analysis

Palantir Technologies Inc. (NYSE: PLTR) has been awarded a contract by the DEVCOM Army Research Laboratory (ARL) to expand Maven Smart System access across military services. The $99,804,561 firm-fixed price contract, spanning five years, will enable the Army, Air Force, Space Force, Navy, and US Marine Corps to access existing capabilities within Maven Smart System.

Maven Smart System, part of the National Geospatial-Intelligence Agency's Maven AI infrastructure, aims to improve interoperability between strategic and tactical operations and increase readiness. Palantir's platform will support AI-enabled battlespace awareness, global integration, force management, contested logistics, joint fires and targeting workflows.

The expansion is driven by demand for Maven Smart System to enhance joint interoperability and fight-tonight capabilities. This contract vehicle will allow military departments to accelerate their Combined Joint All-Domain Command and Control (CJADC2) programs by leveraging the innovation created through Maven.

Palantir Technologies Inc. (NYSE: PLTR) and Nebraska Medicine have announced a multi-year, multi-million-dollar contract for Palantir's Artificial Intelligence Platform (AIP) to advance healthcare innovation. In less than a year, Nebraska Medicine has implemented over ten AIP applications, resulting in significant improvements:

• +2000% increase in Discharge Lounge utilization
• Average one-hour reduction in discharge time
• 1,200+ AI-powered appeal letters sent to payors in under 3 months

The partnership, which began in January 2024, has led to rapid advancements in patient throughput, claims reimbursements, and patient care monitoring. Nebraska Medicine is using AIP for various purposes, including predicting OR and PACU bed necessity, managing supply chains, and recommending staff movements.

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.