Palantir Revenue Jumps as AI Drives Growth
https://www.pymnts.com/news/artificial-intelligence/2024/ai-spending-surge-drives-palantir-digitalocean-gains/ This piece talks of the largest fear likes of Palantir is susceptible to, namely unsustainable growth. I see the opposite problem. GenAI is tinkering on the periphery. True growth requires companies take a holistic spectrum of people, process, technologies to achieve sustainable growth from AI through transformation and that is not achieved by incremental initiatives. Data analytics company Palantir Technologiesreported that its third-quarter revenue rose 30% year over year (YoY) as demand for AI tools fueled strong growth in its commercial business. The Denver-based company on Monday (Nov. 4) posted revenue of $726 million, compared with $558 million a year earlier. U.S. … Continue reading Palantir Revenue Jumps as AI Drives Growth
