Palantir ranked # 1 in the world study of artificial intelligence software by market share and revenue

DENVER – (COMMERCIAL LINE) – Palantir Technologies Inc. (NYSE: PLTR, “Palantir”), a leading manufacturer of operating systems for the modern enterprise, announced today that it has been classified as the # 1 Artificial Intelligence (AI) software platform. revenue, according to IDC report, Worldwide Artificial Intelligence Platforms Software Market Shares, 2021: AI is used in more unique ways than ever (doc # US49602222, September 2022).

According to IDC, the AI ​​platform software market grew 36.8% in 2021, equivalent to a $ 14.2 billion industry. A clear indicator of how integrated and pervasive AI is in all business applications. The report also found that early adopters report a 35% improvement in innovation and a 33% improvement in sustainability by investing in AI over the past three years.

The growing adoption of Palantir’s Foundry and Gotham offerings in some of the world’s leading organizations has been driven by the willingness of institutions to innovate and adapt with AI-enabling platforms.

At a time when AI is having a profound impact across industries, software vendors who can continually innovate and drive success for their customers are more important than ever. Palantir has demonstrated its clear leadership in AI on a global scale from both a market share and revenue perspective and plans to continue to do so, ”said Ritu Jyoti, Group VP, AI and Automation at IDC. “We anticipate that the growth of the AI ​​industry is not slowing down at all and we are excited to see how Palantir continues to separate itself from the competition by solving the most difficult business challenges with their platforms. ”

The most significant arms race of our time is building the next generation of AI that is effective and responsible. While most companies are content to meet the idiosyncratic needs and inefficiencies of select customers in a subset of industries, the market we seek to address is essentially unlimited, “said Alex Karp, CEO and co-founder of Palantir.”The development of our software is not simply intended to scale up the production of human labor in a linear and direct way. Instead, our software aspires to increase and accentuate the productive power of the human mind. ”

Palantir Foundry is designed to transform the way organizations operate by creating a central operating system for their data, integrating siled data sources into a common analytics and operations framework, while supporting critical data privacy and security protections. safety. This can be achieved by implementing stand-alone modules such as Foundry Data Integration Suite or by implementing the entire Foundry platform.

Palantir’s software is currently deployed in more than 50 industries and helps make decisions in some of the world’s most complex data environments, including manufacturing, health sciences, finance and government.

Learn more about how Palantir’s AI-enabled platforms stand up to the competition and how CEO, Alex Karp, views the company’s growth in recent years.

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Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir’s expectations regarding the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time such statements were made and were based on current expectations as well as management’s beliefs and assumptions at that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customers; the inability of our platforms to satisfy our customer or to function as desired; the frequency or severity of any software and implementation errors; reliability of our platforms; and the ability of our customers to modify or terminate their contracts. Further information on these and other risks and uncertainties is included in the documents we make to the Securities and Exchange Commission from time to time. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

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