At Palantir Technologies Inc.’s PLTR recent earnings call, company CEO Alex Karp proclaimed, “AIP and U.S. commercial, not only is disrupting the market, it’s setting a standard that I don’t believe any other software company will be able to reach….”
The 56-year-old, who co-founded a company that has already amassed $38.67 billion in market cap from humble beginnings in 2003, was very bullish on his company’s Artificial Intelligence Platform (AIP) and U.S. commercial.
On the company’s third-quarter earnings call, per a transcript on Seeking Alpha, the company’s executive’s laid out its go-to-market strategies, bullishness over U.S. and AIP and its view on competition.
Ryan Taylor, Palantir’s chief revenue officer and chief legal officer, said the company’s reoriented go-to-market approach around AIP boot camps delivered real workflows on actual customer data traditionally in five days or less versus one to three months. Results from the boot camps also indicated Palantir was able to build 10x faster with 3x fewer resources. The company, therefore, remained committed to its investment in AIP.
Related Link: Palantir On Track To Garner Meaningful Share Of $1 Trillion Global AI Market, Analyst Says After AIP Conference
In just five months from its launch, the company’s AIP tripled the number of users QoQ and already had 300 distinct organizations signed up, including (but not limited to) Tampa General, HCA Healthcare Inc HCA, Cleveland Clinic, Aramark ARMK, Panasonic North America, Eaton Corp PLC ETN and Carrefour Brazil.
Palantir is also bullish on its U.S. commercial side of the business. The company expected the segment to reaccelerate to over 10% year-over-year, given increasing demand for those products to support our allies around the world. The recent $250 million contract over three years awarded to Palantir to provide additional capabilities to the U.S. Army is just a start.
On competition, the CEO Karp said Palantir did not believe in just winning clients: “It’s that we set a standard that the competition can never meet.”
Photo: Alex Karp, right, via Photo: Netherlands Ministry of Foreign Affairs / Phil Nijhuis, Flickr Creative Commons
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