Palantir jumps on Microsoft partnership to sell AI to U.S. defense, intel agencies
Summary
Alex Karp, chief executive officer of Palantir Technologies Inc., walks to the morning session at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, US, on Wednesday, July 10, 2024. Palantir shares climbed about 6% on Thursday morning after the company announced a partnership with Microsoft to sell secure cloud, analytics and artificial intelligence capabilities to the U.S. defense and intelligence communities. Palantir, which works closely with governments to provide software to visualize army positions, among other services, will use the partnership to launch its products — such as Gotham, Foundry, Apollo and AIP — on Microsofts cloud products for government agencies. Microsoft said the partnership would allow U.S. defense and intelligence organizations to build AI tools for action plans and logistics, among other things. Palantir, co-founded by billionaire Peter Thiel, will work with Microsoft to provide trial services and training sessions.
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