AI News That Broke The Internet This Week

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10. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 44  

Palantir Technologies Inc. (NYSE:PLTR) builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations. The company has been in the news recently after it posted impressive growth in commercial business during the latest earnings report, driven by AI integration into existing products. The stock was initiated at Market Perform by Northland Capital this week, as the advisory termed the Denver-based big data firm a leader in the enterprise artificial intelligence market. Northland Capital analyst Michael Latimore has a Market Perform rating on the shares with a price target of $35, indicating upside potential just shy of two figures.

In a recent investor note on Palantir Technologies Inc. (NYSE:PLTR), the analyst noted that GenAI had lit a fire under companies to employ AI, but initial work had been fragmented and experimental. The analyst further added that the AI operating system of Palantir, powered by their Ontology software, overcomes myriad roadblocks to adoption and is igniting AI use across the enterprise landscape. Latimore claimed that the AI tools of Palantir did not just automate insight creation, but also decisions, and were the next wave of AI.

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