12 AI Stocks Making Headlines: Latest News and Ratings

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7. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 63

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems. On March 5, Palantir CEO Alex Karp and TWG Global’s team including Mark Walter, Thomas Tull, and Drew Cukor announced a joint venture to revolutionize AI deployment in banking and other financial services. TWG Global is a management consulting firm that operates businesses and investments in technology and AI, financial services, private lending, sports, and media.  Palantir will be integrating its AI infrastructure with TWG’s deep expertise in business operations and financial services, empowering financial institutions to integrate AI at scale.

The two companies have already been working throughout the past year to embed AI into TWG’s companies. This joint venture is the next step towards their collaboration, embedding intelligence across every core function of financial institutions and insurance companies to achieve several advantages such as risk mitigation, reshoring capabilities, adaption to shifting labor dynamics, and future-proofing of banks and insurers against market volatility and regulatory pressures.

“Palantir is proud to partner with TWG Global to further seamlessly weave AI into the fabric of financial services and help forward-looking companies unlock enormous opportunity. By combining TWG’s deep industry expertise with Palantir’s world-leading software, we are empowering businesses to not just navigate today’s complex global market, but to position themselves for dominance in it by remaining at the forefront of the AI revolution.”

-Alex Karp, co-founder and chief executive officer of Palantir Technologies.

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