Actions of Palantir Technologies (NYSE: PLTR) The stock jumped 11.6% on Thursday. As of 2:47 p.m. ET, the stock was still up 10.3%.
The catalyst that sent the artificial intelligence (AI) software and data mining specialist, the announcement of its collaboration with the software giant was Microsoft (NASDAQ: MSFT) to advance the U.S. government’s AI systems.
Two of the biggest names in AI are teaming up
In a press release issued Thursday, Palantir announced a significant expansion of its existing partnership with Microsoft to develop advanced AI systems for U.S. government agencies. The announcement said the two companies will “bring some of the most sophisticated and secure cloud, AI, and analytics capabilities to the U.S. defense and intelligence community.”
The collaboration will involve a “first-of-its-kind integrated technology suite” that will leverage Microsoft’s industry-leading Extended Language Models (LLM) using its Azure Cloud infrastructure and OpenAI services, combining these capabilities with Palantir’s Artificial Intelligence Platform (AIP). Palantir will also deploy its Foundry, Gotham, and Apollo AI platforms across Microsoft Azure Government, Government Secret, and Top Secret clouds.
Military training camp
One of the most intriguing aspects of the announcement was that Palantir would also provide boot camps for government agencies to test the technology.
Palantir’s AIP has been a resounding success since its launch early last year, but it’s the company’s use of boot camps that has really helped drive adoption of the technology. During these sessions, Palantir engineers work alongside users to develop specific solutions to real-world problems.
A good analogy is the well-known quote: “Give a person a fish, and he eats for a day. Teach a person to fish, and he eats for a lifetime.” Palantir uses its boot camps to teach its customers how to fish, enabling them to develop AI solutions that they can use.
Earlier this week, Palantir reported Successful results fueled by the rapid adoption of AIP and the success of its boot camp strategy.
While the announcement isn’t groundbreaking in itself, it adds to the growing body of evidence that Palantir’s AI strategy is paying off.
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