Palantir CEO Says US Should Wield 'Dangerous' AI Or 'Our Adversaries Will'
Portfolio Pulse from Shanthi Rexaline
Palantir Technologies (NYSE:PLTR) shares diverged from the market's upward trend after a short report questioned the company's AI capabilities. CEO Alex Karp expressed confidence in Palantir's superior product and highlighted customers' willingness to pay a fair price for it. Palantir's software is utilized by defense forces in the U.S. and Ukraine for satellite image interpretation.
June 02, 2023 | 6:11 am
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Palantir's CEO Alex Karp defends the company's AI capabilities and highlights customer demand for their products, despite a short report questioning their AI capabilities.
Palantir's CEO Alex Karp expressed confidence in the company's AI capabilities and highlighted customer demand for their products. This could potentially counter the negative impact of the short report questioning their AI capabilities. However, the stock price declined by 1.16% on Thursday, indicating that the market may still be digesting the news. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100