10 Buzzing AI Stocks Making Headlines

6. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 43

Palantir Technologies Inc. (NASDAQ:PLTR), having surged more than 300% this year, is a leader in artificial intelligence systems. On December 5, Shield AI, a defense technology company focused on building autonomous systems, announced that it is expanding its work with Palantir Technologies Inc. (NASDAQ: PLTR) for the development and delivery of large-scale command and control of autonomous uncrewed systems. Shield AI will use Palantir’s Warp Speed, its manufacturing OS for American re-industrialization, to deliver AI-powered solutions that protect service members and civilians. In particular, the partnership will combine the strengths of both companies, Shield AI’s advanced Hivemind software development kit, along with Palantir’s suite of powerful software solutions; for solving the most critical defense challenges.

“Shield AI and Palantir have both built technology products proven in the most demanding environments. Our partnership is about bringing together Palantir’s software dominance and Shield AI’s expertise in autonomy to deliver the best possible outcomes for customers. It’s exciting to scale up what we’ve been working on together in this next chapter of our partnership”.

-Brandon Tseng, Shield AI’s President, Co-founder, and former Navy SEAL.