USA: Strong demand is being experienced by US-based Palantir Technologies for its impending generative AI tool, AIP. The stock price of the analytics software company increased as it discussed this. The shares reached $8.89, their highest price since mid-February, up 15%. The level of interest in and demand for our new AI Platform is unprecedented, according to CEO Alex Karp, who anticipates a successful year.

Palantir Technologies expects to make a sizable amount of money each quarter this year after exceeding its revenue projections for Q1 2023.
The business unveiled its generative AI platform, which uses the same technology as ChatGPT, two weeks ago. The company is now relying on demand for its new tool, which is helping to send its shares surging higher than ever

Palantir Technologies expects to make a sizable amount of money each quarter this year after exceeding its revenue projections for Q1 2023.
The business unveiled its generative AI platform, which uses the same technology as ChatGPT, two weeks ago. Now that it is relying on interest in its new tool, its shares are rising higher than ever.

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According to Palantir Technologies, AIP will enable businesses, government agencies, and other organisations to safely use Large Language Models (LLMs) within their private networks to make decisions about logistics and other things.

Decision-making and battlefield intelligence will benefit from it.

"You have a weapon that will allow you to win and frighten your competitors/adversaries," said Karp. "If you wheel the technologies correctly, safely, and securely."

AIP can display/analyze intelligence on enemy targets, identify potentially hostile situations, suggest battle plans, and then forward plans to the commanding officers for implementation, as shown in a demo video posted by Palantir Technologies on its official website.
The AI tool also has uses in society at large. Manufacturing businesses might use it to plan and evaluate their operations in the event of natural disasters.

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Big data analytics is a specialty of Palantir Technologies. It enables intelligence agencies to securely extrapolate insightful information from sensitive data, which aids them in achieving their most challenging operational goals.
The software developer has a reputation for working closely with the Central Intelligence Agency. Palantir is still optimistic about the demand for its products in the US and is investing in key areas like AI.

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The first version of the AI platform will be made available to a limited number of customers starting this month, according to a letter from Karp to shareholders. Several well-known insurance providers from around the world, as well as supply chain and security companies, are on the list of clients.