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🩸 50% LESS MORTALITY | Palantir Bullets #31
This week's Palantir developments and the crowned “Tweet of the Week”
Editor: Emanuele Marabella
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PLTR 0.00%↑ last week:
Palantir wins three 1y contracts with the DoD for a total of ~$100mn. The contracts are related to providing a Data-as-a-Service Platform to support the Air Force’s Warp Core. Warp Core, based on the Palantir Data Platform, focuses on data ingestion, retention, processing, normalization, analysis, and visualization across the global space enterprise. These awards are the result of a “sole source acquisition,” meaning that there were no other bidding firms.
“Single source procurement is when there are multiple vendors to choose from but you decide to go with one of them. Sole source refers to a situation when another company wasn’t even bidding for the contracts because no one else was capable to provide the services.” - Amit,Author.
CNBC released a new article highlighting how Palantir’s team was able to develop and deploy an AI-powered platform to manage hospital operations at Tampa General and Cleveland Clinics.
“Our work in sepsis definitely has decreased early mortality by about half, and so that’s real lifesaving” - Dr. Peggy Duggan, Tampa Executive VP and Chief Medical Officer
Airbus, one of Palantir’s key clients, acquired Vueling, a Spanish low-cost airline, as a Skywise Predictive Maintenance + client. In a previous article, Palantir's Skywise: the Runway to Monopolize the Sky, I described how Palantir seeks to monetize from Skywise.
“It is a reliable, proven predictive maintenance system with more than 200 predictive algorithms covering hundreds of parts” - Airbus
Wendy R. Anderson, Palantir Senior VP of Defense and National Security, and Michèle Flournoy, Ex Under Secretary of Defense for Policy, published an article on how crucial it is for America to leverage the software in the military context.
“The current challenge is not that the US private sector struggles with producing this technology, but that the DoD struggles to rapidly and effectively harness it. Time is running short as China aims to complete its military modernization program by 2027. Fortunately, software adoption is one area where substantial progress can be made quickly if Congressional and Defense leaders act now.” - Wendy R. Anderson and Michèle Flournoy
Shyam Sankar, Palantir CTO, and Ted Mabrey, Palantir Head of Global Commercial, had an interview with Stratechery, one of the most prominent tech newsletters focused on tech and media.
“Our FDEs [Forward Deployed Engineers], are one of our greatest secrets, one of the greatest features of the company and the primary reason we think of that is that it provides accountability to us that aligns us with our customers to say: Is the software doing what the customer actually needs?” - Ted Mabrey
Bank of America raised its target price for Palantir to $18 from $13 due to its unique positioning in the AI opportunity. How reasonable is this price target? A new article dropping soon!
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Tweet of the week