🧵 1. Palantir soars after partnering with Microsoft to offer AI solutions to U.S. defense and intel agencies, with shares rising by 6% on Thursday morning. #finance
🧵 1. Palantir soars after partnering with Microsoft to offer AI solutions to U.S. defense and intel agencies, with shares rising by 6% on Thursday morning. #finance
🧵 2. The partnership will see Palantir launching its products like Gotham, Foundry, Apollo, and AIP on Microsoft's cloud for government clients.
🧵 3. This collaboration follows Palantir raising its annual revenue forecast to $2.74-2.75 billion, with CEO Alex Karp noting over $1 billion revenue from U.S. government business.
🧵 4. Microsoft highlights enabling defense and intel orgs to develop AI tools for action plans and logistics through the partnership with Palantir.
🧵 5. Co-founded by Peter Thiel, Palantir is up 60% year-to-date, set to provide trial services and training in conjunction with Microsoft. Subscribe to CNBC on YouTube.
🧵 Read more at: https://www.cnbc.com/2024/08/08/palantir-jumps-on-microsoft-partnership-to-sell-ai-to-us-defense.html