Palantir Says U.S. Artificial Intelligence (AI) Adoption Is Skyrocketing. Time to Buy the Stock?
Palantir (NYSE: PLTR) has been laser-focused on artificial intelligence (AI) since the company's founding. As a result, its AI tools are ahead of many others in its industry, which is why Palantir was ranked No. 1 in a survey of AI, data science, and machine learning platforms by Dresner Advisory Services.
But Palantir's AI tools were mostly government-focused, so getting commercial businesses to adopt its AI tools was critical for expanding into a larger market. This is a cornerstone of the Palantir investment thesis, and after hearing what management said in its most recent earnings call, it's looking like a success story.
At its core, Palantir's AI program takes in massive amounts of data and delivers recommendations to its users on the most optimal decision. This technology is useful in multiple sectors, whether the government is using it for the military, a hospital is using it for dispatch, or a company is deploying it to manage its supply chain.
Source Fool.com
