20 AI News Investors Should Not Miss

12. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 44

Palantir Technologies Inc. (NYSE:PLTR) is a public American company that builds the world’s leading platforms for data-driven operations and decision-making. By creating advanced data analytics software, it helps organizations in managing large and complex datasets which in turn help them make informed decisions. Palantir Technologies Inc. (NYSE:PLTR) is recognized as a leader in artificial intelligence and machine learning (AI/ML) software platforms.

On October 23, Palantir Technologies Inc. (NYSE:PLTR) and L3Harris Technologies, an American technology company, defense contractor, and information technology services provider, announced that they have formed a strategic partnership to drive advanced technology development and accelerate L3Harris’ digital transformation.

Together, the complementary strengths of both companies, which include L3Harris’ sensors and software-defined systems and Palantir’s Artificial Intelligence Platform (AIP), will enhance capabilities and offer resilient connectivity across the joint all-domain network. In turn, the collaboration will allow warfighters to make informed decisions faster to protect the nation’s security and that of allies.

“Palantir exists to support the West’s most important institutions. We’re partnering with L3Harris to ensure that the U.S. and its allies combine the West’s two greatest assets — AI dominance and cutting-edge hardware — on the battlefield.”

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