$PLTR UBS just initiated its coverage at $80 target.
17 large customers unveiled critical details on the success of AIP.
Here is what you need to know:
1. Palantir is the perfect all-in-one platform
"The front end is just too unique. Palantir is really the perfect all-in-one platform, where you do everything on it, from the data lake all the way up to the analytics and implementation all in one place."
2. Foundry and AIP live together
"Foundry and AIP are 100% integrated, so you really can’t do one without the other, and you really shouldn’t think of the two as disparate products. You can’t do AIP without your data from Foundry, the actual data you put AIP on is quite literally stored in Foundry, so if you want AIP you need Foundry.
3. AIP pricing is consuption-based
"Our run rate contract spend on AIP is probably driving 30-35% of our Palantir spend. AIP is fully consumption based pricing too, so every LLM API call you do, you’re being charged for storage and compute and then there are adders on top of that depending on the additional AIP functions you’re using."
"AIP is consumption based, it’s linked to data volumes, but what you have in Foundry is really the absolute maximum you can consume. There are other variables too based on the number of users, data volume, number of people with access to the AI prompt, it’s not super straightforward. However, if I had to guess AIP spend would likely be a fraction of that of Foundry, like 30-40% over a 2-3 year period. So if you’re spending $10m on Foundry per year, that would be $13-14m by year 3 if you added AIP."
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