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‘This quarter was otherworldly’: Palantir earnings surge past expectations

The Guardian — Tech · · International · AI Governance

Shares soar as yearly revenue up 93%, even as opposition grows to company’s role in Trump immigration agenda In a sea of companies reporting mixed financial results this quarter, Palantir stands out. Although Palantir was not immune to the AI jitters that caused industry-wide drops in share prices earlier this year, the AI and analytics company reported that its overall revenue grew 93% year over year to $1.94bn. That’s well over the $1.8bn Wall Street expected Palantir to bring in for the second quarter. The glowing financials sparked a 10% surge in share prices in the immediate aftermath. D…

Who should care: General readers · AI governance · Policy

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