Palantir (PLTR) Shares Rise 9% Amid AI Model Criticism
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowPalantir's (PLTR) CEO Alex Karp criticized the token model employed by companies like OpenAI and Anthropic, expressing concerns over rising AI costs. Karp noted that many enterprises are shifting focus from token models to building more efficient proprietary AI tools. On Wednesday, shares of Palantir saw a rise of 9%. Additionally, Palantir announced an expanded partnership with Nvidia to utilize its AI tools for U.S. government agencies, indicating a strategic move towards enhancing its service offerings in a competitive AI landscape.
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About Palantir Technologies Inc. (PLTR)
Palantir Technologies makes data-analytics and AI software for governments and enterprises.
The Information Technology sector covers hardware, software and semiconductor companies driving the digital economy.
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