In the world of artificial intelligence (AI), Palantir (NYSE: PLTR) has been a staple for a long time. The company built its platform from the ground up with AI in mind and created a successful offering for government and commercial customers alike. And it recently discussed a new AI initiative that has the potential to impact the business significantly.

Read on to find out about this new product development and why it makes the stock a screaming buy.

Palantir primarily uploads mounds of data through its software, then creates actionable insights. For example, a 911 dispatcher could collaborate with a hospital using Palantir's software to determine where to route an ambulance.

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Source Fool.com