Palantir's AI Platform Fuels Explosive Growth, Doubles Revenue in One Year

Palantir Technologies reported double-digit revenue gains and a record level of profit in Q3. The company's U.S. commercial business, which was once a small and unassuming part of the company, has grown significantly and is now driving significant revenue gains. The business has exploded higher, with 571 U.S. commercial customers and a record $1.3 billion in U.S. commercial total contract value. Palantir's Artificial Intelligence Platform (AIP) is a key product that harnesses the power of AI to optimize the use of a customer's data.