Is Palantir's Deal With Databricks a Game Changer?
Palantir just announced a major deal with Databricks during AIPCon last week.
In April 2023, data analytics company Palantir Technologies (NASDAQ: PLTR) commercially released its fourth major software suite, called the Artificial Intelligence Platform (AIP). Since its release roughly two years ago, Palantir has experienced something of a renaissance -- transitioning from primarily a government contractor specializing in work with the U.S. military to a full-blown enterprise software platform deployed across many of the world's leading businesses.
For the most part, AIP's impact on Palantir's business has been seen through rising customer acquisition, accelerating revenue growth, and widening profit margins over the last couple of years.
However, Palantir has also demonstrated a high level of transparency with investors beyond traditional financial reporting. Specifically, a couple of times per year Palantir hosts AIPCon -- a live conference during which customers showcase how AIP is deployed across their respective businesses and talk in detail about how the software is driving operational efficiencies and spurring new growth opportunities.
