Technology

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Technology

Palantir sees record demand for AIP tool

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Details

US-based Palantir Technologies is witnessing strong demand for its upcoming generative AI tool, AIP. While the analytics software firm spoke of this, its stocks surged, and shares were up 15%.

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Scenario

Two weeks ago, Palantir Technologies unveiled its generative AI platform, based on the same technology as ChatGPT. Now, it is betting on interest in its new tool, which is helping its shares soar.

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What does AIP do?

Palantir Technologies claims that AIP will allow military, commercial, and other organizations to securely run Large Language Models (LLMs) in their private networks to make decisions.

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Benefits

AIP can display/analyze intel on enemy targets, spot potentially hostile situations, suggest battle plans, and then forward plans to the officers. The AI tool also offers civilian applications.

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Availability

The AI platform will be available to select customers starting this month. The list of customers includes some well-known insurance companies across the world, and supply chain/security organizations.