Palantir shares closed higher as the intelligence company announced a deal with Microsoft to sell AI services to the US intelligence community.
Intelligence firm Palantir shares closed 11% higher on Aug. 8 as the company announced a partnership with tech giant Microsoft to sell AI services and analytics to United States defense and intelligence agencies.
In an Aug. 8 statement, Palantir shared that it would integrate with Microsoft’s secure cloud technology to deploy its “suite of products” — including its main data platforms Foundry, Gotham, Apollo, and AIP — to US defense agencies across a range of secret and top-secret environments.
Palantir added that it would be an “early adopter” of Azure’s OpenAI Service in Microsoft’s top-secret environments.
