🔥 "Our survival depends on AI" | Palantir Bullets #23
This week's Palantir developments and the crowned “Tweet of the Week”
Editor: Emanuele Marabella
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PLTR 0.00%↑ last week:
CEO Karp shares in a letter shares that companies with a dual class of shares, like Palantir, will now become eligible for the S&P500 due to a methodology change. Due to the presence of F Shares, restricted to founders, Palantir was previously not eligible. The only missing criterion is now profitability:
“The sum of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net income excluding discontinued operations) should be positive as should the most recent quarter.” - S&P 500 Methodology
Palantir announced it will publish the Q1 Results on May 8th after the market close. Will Palantir report the second GAAP profitable quarter? Stay tuned.
Palantir CTO Shyam Sankar testified on AI for the Department of Defence explaining why it is crucial to allocate proper budgets to it:
"We need to spend at least 5% of our budget on capabilities that will terrify our adversaries." -Shyam Sankar, Palantir CTO
Palantir Director Courtney Bowman testifies at the UK Parliament on AI in weapon systems and the importance of having a full infrastructure that supports them.
“We can still make rapid advancements, and deal with the changing war fighting landscape, but ultimately make sound decisions that are defensible.” - Courtney Bowman, Palantir Global Director Privacy & Civil Liberties Engineering.
Palantir will provide Ukraine with software to help investigators process almost 80,000 registered war crimes from Russian troops. Palantir will provide the software without charge. For now.
“Palantir’s software will combine intelligence and satellite imagery to build a map of evidence, for instance establishing the proximity of Russian equipment to crime scenes or aggregating photographs that Ukrainians have uploaded to social media and investigators.” - Reuters
Palantir releases a demo of the new AIP product aimed at helping companies operationalize LLMs into their business. As mentioned previously (Palantir AI AI AI), Palantir doesn’t seek to build models, but be the infrastructure on which models are deployed.
“AIP will allow customers to leverage the power of our existing machine learning technologies alongside...large language models, directly in our existing platforms.” - Alex Karp, Palantir CEO
Palantir’s Sales Executive meets with the Danish NATO Ambassador. Is this a hint for a potential contract?
reports that the web traffic for Palantir Foundry UK has increased in Q1. In the new article, he also mentions:
“And not only in Gov and Health entities, but Palantir is adding (and retaining) new UK companies every week, and the codenames are growing even at a faster rate.” - Either Square.
Palantir will participate in the Gartner Supply Chain Symposium from May 8-10.
Snowflake announced the launch of the Manufacturing Data Cloud. This solution which enables companies in automotive, technology, energy, and industrial sectors to unlock the value of their critical siloed industrial data seems to compete with Palantir’s Supply Chain solutions.
“Supply chain management has surely been one of the major realm in the enterprise that has never been platform becasue it’s still spreadsheets and emails. Supply chain is a data problem.” - Krank Slootman, Snowflake CEO
Tweet of the week
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Arny
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