"This is similar to the ESG trend. When the trend became established each company needed to show its "ESG strategy," regardless of their genuine interest in it."
Their is a big difference between the two. With ESG, it was/ is being pushed on companies, many who if they had a choice would want little to do with it. With AI, no one is pushing AI on anyone. It a business decision and providing companies go with the right technology, it is quite simply the better way of doing business and it shows up directly on the bottom line.
I say "providing companies go with the right technology" because their are a lot of other companies flogging products under the "AI banner" that are of dubious value to the customer.
You are absolutely right on the essence of the trend, which is the reason why AI could be a really strong tailwind for companies like Palantir. It's not only narrative, there is real substance to make companies better.
The comparison with ESG is purely on the narrative side of it.
"This is similar to the ESG trend. When the trend became established each company needed to show its "ESG strategy," regardless of their genuine interest in it."
Their is a big difference between the two. With ESG, it was/ is being pushed on companies, many who if they had a choice would want little to do with it. With AI, no one is pushing AI on anyone. It a business decision and providing companies go with the right technology, it is quite simply the better way of doing business and it shows up directly on the bottom line.
I say "providing companies go with the right technology" because their are a lot of other companies flogging products under the "AI banner" that are of dubious value to the customer.
Thanks for your comment Marpy.
You are absolutely right on the essence of the trend, which is the reason why AI could be a really strong tailwind for companies like Palantir. It's not only narrative, there is real substance to make companies better.
The comparison with ESG is purely on the narrative side of it.