Alex Karp, Chief Executive Officer of Palantir Technologies Inc., during Day 2 of the World Economic Forum (WEF) in Davos, Switzerland, Wednesday, January 18, 2023. Stephen Worms/Bloomberg via Getty Images
Palantir Technologies Inc., a data analytics company co-founded by Peter Thiel, sees “unprecedented” demand for its artificial intelligence platform, the first version of which will roll out to select customers this month. Shares surged 21% early Tuesday after the company previewed its arrival.
Here’s what we know about the so-called AIP product, based on comments made by Palantir executives in a call with analysts late Monday and on the company’s website.
AIP stands for Artificial Intelligence Platform. According to the company’s site, the tool can be used by the military to augment ChatGPT with the kind of AI models that aid battlefield intelligence and decision-making. A demo video shows how the platform can display and analyze information about enemy targets, identify potentially hostile situations, propose battle plans, and transmit those plans to commanders for execution. increase.
The video highlights that the platform is safe and secure, allowing the client to decide what data the model can see and “what it can and cannot do on behalf of a human.”
“If we operate these technologies correctly, safely and reliably, we will have a weapon that will enable us to win and intimidate our competitors and opponents,” Palantir CEO Alex Karp said on a conference call Monday. You can get it,” he said.
Karp described the boom in large-scale language models as a ‘raise the ship, sink the ship’ revolution. The demand for AIP, he said, “is unprecedented in his 20 years with Palantir.” “We are actively reorganizing our efforts to capitalize.”
Karp also said that Palantir is in discussions with “hundreds” of potential partners about the platform, but details such as pricing and terms have yet to be decided. Palantir has recently focused its engineering team and other resources on AI to keep up with demand, and is “working hard” on the occasion, Karp told analysts.Play video
AIP also has civilian applications. Another demo video shows how a manufacturing company uses it to prepare for a hurricane attack, analyze operations in its fulfillment centers, and decide whether to accelerate, delay, or cancel orders. The video shows that you will be able to predict the impact on customer orders and revenue in such situations.
The company said in a conference call Monday that its insurance industry clients have been given early access to the platform, which it says is “years ahead” of other solutions it has seen.
According to Palantir, within days of accessing the tool, customers were able to build a “collaborative AI agent” to automate their billing process.
Palantir plans to talk more about its AI platform at an event on June 1 at its former headquarters in Palo Alto.
(Updates with additional context from first paragraph.)
– With the help of Lisette Chapman.
