Palantir to Deploy AI Products on Microsoft Azure for U.S. Government Agencies

Reuters08-08

Palantir Technologies Inc. said on Thursday it will offer its products, including the Artificial Intelligence Platform on Microsoft's cloud platforms, which cater to the U.S. government and federal agencies such as the Department of Defense.

U.S.-listed shares of the company rose 5% in Thursday trading.

The data analytics company will deploy its products, including the "Gotham" software — which assists in locating targets on battlefields — on Microsoft's Azure Government and Azure Government Secret cloud platforms.

Palantir will "be the first industry partner to deploy Microsoft Azure OpenAI Service in classified environments," CTO Shyam Sankar said in a statement.

The Azure OpenAI service gives customers access to the Microsoft-backed AI startup's language models, such as GPT-4.

Palantir's AIP, which helps test and debug code and evaluate AI-related scenarios, can be used across defense and intelligence verticals, the company said.

However, the availability of these services is subject to authorization and accreditation by government agencies.

Co-founded by billionaire Peter Thiel, a significant portion of Palantir's revenue comes from government clients, with the U.S. government accounting for more than 40% of Palantir's total revenue in the June quarter.

The company's early financial backers included CIA's venture arm, In-Q-Tel.

Palantir and Microsoft will run bootcamps to promote their new services for defense and intelligence communities.

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Comments

  • MultiBaggers
    08-09
    MultiBaggers
    I will keep buying PLTR shares 
  • Dumplinggogh
    08-09
    Dumplinggogh
    Bot this co near 30 in 2021 but it went on a depressing slump at 5+. - for 3 years!!! 😂... Feel like letting it go now that I have a teeny positive. 
  • Axekay
    08-08
    Axekay
    This deployment will bring $Palantir Technologies Inc.(PLTR)$  business to a brand new height. If you are into tech and cyber space, you will know that Microsoft Azure is a well known and massively used product, and this will bring PLTR product and credibility to a much wider scale and market. We can anticipate more of such projects with great certainty in future.  Whoever who is planning to "sell high"  now, you are going to lose out on the long term potential of thia shares which is happening soon...
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