Palantir Technologies, a software development company specializing in big data analytics, reported a fourth-quarter performance in 2024 with total revenue reaching $828 million, a 36% increase from the same period the previous year. The company recorded a net profit following GAAP accounting standards of $342 million.
CEO of Palantir, Alex Karp, emphasized that the company’s continued growth reflects its excellence in AI development, transforming LLM from theory to reality. He further highlighted that the current utilization of AI is just the beginning, with unprecedented growth expected in the next 20 years.
Source: Palantir and CNBC
TLDR: Palantir Technologies reported a significant increase in revenue and profit in the fourth quarter of 2024, with CEO Alex Karp highlighting the company’s exceptional growth in AI development.
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