Peter Thiel's Palantir Sees Skyrocketing Demand for AI Technologies: What Its CEO Has to Say
Palantir's (NYSE: PLTR) big bets on artificial intelligence (AI) may be in the early stages of paying off. The data services company, which was co-founded by tech visionary Peter Thiel, CEO Alex Karp, and others, is rolling out a new, AI-focused service platform.
According to comments from management, the early demand outlook has been incredibly encouraging, and investors are clearly excited. Spurred by better-than-expected first-quarter results and excitement surrounding the company's opportunity in AI, Palantir stock is up roughly 24% following its Q1 release and conference call. Is this run just getting started?
Image source: Getty Images.
Source Fool.com
