Palantir Technologies, the data powerhouse founded by Peter Thiel, Nathan Gettings, Joe Lonsdale, and Alex Karp in 2003, has had a pivotal year as its stock value has nearly tripled in 2024. This surge is directly tied to its aggressive focus on artificial intelligence, reigniting investor interest and marking a renaissance for a company once known primarily for its government and defense contracts. At the core of this rise is Palantir’s ability to evolve beyond its foundational analytics tools to become a frontrunner in AI-driven solutions that redefine industries and bring data intelligence to the forefront.
From Defense to Data Intelligence
Initially developed as a tool to combat terrorism and enhance government intelligence capabilities, Palantir's platforms, Gotham and Foundry
Palantir’s AI Sparks a Stock Market Frenzy in 2024
- By Anshika Mathews
- Published on
The success we’re seeing with our stock is a reflection of the powerful AI solutions we’ve developed.
