• 4 months ago
Palantir shares jumped 11% after the company announced a partnership with Microsoft to sell secure cloud, analytics, and AI capabilities to U.S. defense and intelligence agencies. Through the partnership, Palantir will launch its products on Microsoft's cloud services for government agencies. In the second quarter, Palantir generated over half its revenue from government clients like intelligence and defense agencies. The partnership will allow U.S. defense and intelligence to build AI tools for action plans, logistics, and other uses.
Transcript
00:00It's been Zynga, and here's what's on the block.
00:02Palantir shares jumped 11% after the company announced a partnership with Microsoft to
00:07sell secure cloud, analytics, and AI capabilities to U.S. defense and intelligence agencies.
00:12Through the partnership, Palantir will launch its products on Microsoft's cloud services for
00:16government agencies. Palantir generates over half its revenue from government clients like
00:21intelligence and defense agencies in the second quarter. The partnership will allow U.S. defense
00:26and intelligence to build AI tools for action plans, logistics, and other uses.
00:30For all things money, visit benzinga.com

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