Reported 2 months ago
Palantir Technologies experienced a significant stock surge of up to 11.6% on Thursday, primarily due to its announcement of an expanded partnership with Microsoft to develop advanced AI systems for U.S. government agencies. This collaboration will integrate sophisticated technology utilizing Microsoft's Azure Cloud and OpenAI services alongside Palantir's AI platforms. The initiative aims to enhance the capabilities of the U.S. Defense and Intelligence Community while also offering training boot camps to government users, reinforcing Palantir's successful AI strategy.
Source: YAHOO