Zinger Key Points
- Palantir launched its Warp Speed operating system for advanced manufacturing, onboarding Anduril, L3Harris, PENA, and Shield AI.
- The system enhances production efficiency, with Anduril reporting up to 200x improvement in managing supply shortages.
- Discover Fast-Growing Stocks Every Month
Palantir Technologies Inc. PLTR disclosed its first Warp Speed cohort, featuring companies dedicated to revitalizing American manufacturing and production through advanced AI and technology.
The inaugural members are Anduril Industries, L3Harris, Panasonic Energy of North America (PENA), and Shield AI.
Palantir’s Warp Speed is a manufacturing operating system designed to deliver speed, flexibility, and security for modern manufacturers.
The system supports dynamic production scheduling, engineering change management, automated visual quality inspection, and other advanced capabilities.
Shyam Sankar, CTO of Palantir Technologies, said, “At the dawn of WW2, we didn’t have a Defense Industrial Base, we had an American Industrial Base. This is also what our future must look like—America must reindustrialize and mobilize at warp speed to win.”
“We are proud to support Anduril, Shield AI, L3Harris, and Panasonic Energy with best-in-class software to manufacture the critical products that underwrite our freedom and prosperity.”
Tom Bosco, Chief Information Officer at Anduril stated, “Warp Speed helps us ensure manufacturing capabilities for our customers quickly. By using the software, we’ve seen up to 200x efficiency gain in our ability to anticipate and respond to supply shortages.”
Yesterday, the company announced an expanded contract for $36.8 million with the U.S. Special Operations Command (USSOCOM).
Investors can gain exposure to the Palantir via REX AI Equity Premium Income ETF AIPI and ProShares Big Data Refiners ETF DAT.
Price Action: PLTR shares are up 0.62% at $71.33 at the last check Wednesday.
Read Next:
Image via Shutterstock.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.