💨 Abstract

Palantir Technologies raised its annual revenue forecast for the third time, expecting $2.805-$2.809 billion in 2024, up from $2.742-$2.750 billion. The boost is due to increased spending from governments and growing demand for AI technology. Shares rose 8% in extended trading. The company's AI platform is used for testing, debugging, and AI scenario evaluation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖