Palantir bets on U.S. AI opportunities as Europe regulation limits growth
-
Palantir sees generative AI growth coming from U.S. customers, not Europe where it faces more AI regulation and past controversy.
-
Palantir launched AI bootcamps with 300+ organizations, but had less traction in Europe as "Europe has decided that they are not going to engage in this revolution."
-
Palantir's revenue growth slowed in 2023 with more growth coming from the U.S.; most recent job cuts impacted overseas employees.
-
U.S. commercial market and AI are key for revenue growth to reaccelerate back to 40% as forecasted.
-
Palantir recently won a $178 million Army contract for its TITAN battlefield system using AI, adding to its defense work involving predictive AI.