Palantir Technologies

The Munich-based defense company Helsing has presented the AI-powered platform Clarity for military information analysis; it assesses threat situations and proposes appropriate weapons systems. The software runs on local infrastructure and is intended to give European armed forces a sovereign alternative to US offerings such as Palantir. Clarity was developed, among others, by Robert Fink, who previously helped build Palantir. » Więcej na t-online.de

Helsing presented its AI-powered targeting software Clarity in Berlin, which is designed to combine data from various sources, detect patterns and produce situational awareness and recommended courses of action for military operations. The company, founded in 2021, valued at $18 billion and holder of large drone contracts, sees Clarity as central to its ambition to grow into Europe’s leading defense provider. Helsing was vague about technical details such as its own data infrastructure and conceded it may rely on US or Chinese processors and models. Palantir rejected the comparison, saying it is sovereign, while Helsing stressed it is not a copy but building a new agent-based system within an open ecosystem. » Więcej na faz.net

Palantir continues its rapid growth and expects revenue of roughly $2.65 billion for the current quarter, about a 90% rise year over year. Last quarter revenue already grew 96% to $2.3 billion and quarterly profit rose 49% to $1.13 billion. The US business is the main driver with revenues of $1.94 billion; the government segment grew 96% to $953 million, and the commercial business grew 148% to $984 million. The UK signed a billion-dollar contract, and a nationwide deployment is also being considered in Germany, while critics warn of privacy and power concerns. » Więcej na heise.de

Palantir reports strong growth again: in the third quarter revenue rose to $2.3 billion and quarterly profit to $1.13 billion. For the current quarter the company forecasts about $2.65 billion in revenue, an increase of roughly 90% year on year. The growth is driven mainly by the US market, with US revenues climbing to $1.94 billion, including $953 million from government contracts and $984 million from commercial business. Investors remain cautious due to a possible slowdown and broader AI market worries; the stock was last about 4.7% below the US closing price. » Więcej na manager-magazin.de

Palantir reported $2.31 billion in revenue for the third quarter, an adjusted operating margin of 62 percent, and raised its full-year guidance to about $8.53 billion. Its US commercial business grew markedly and for the first time exceeded government revenue; Q4 guidance is $2.65 billion. CEO Alex Karp thanked retail investors for their support and said those who had mocked the company 'must suffer for it'. » Więcej na deraktionaer.de