Palantir faces growing competition as tech giants race to integrate AI into data platforms
• Microsoft is integrating ChatGPT into Azure and growing demand for its Fabric data aggregation platform. This competes directly with Palantir's offerings.
• Fast-growing AI startup Databricks raised $500M at a $43B valuation. It offers data warehousing like Snowflake plus machine learning for real-time analytics.
• Amazon Web Services has large-scale AI offerings and its Neptune graph database competes with aspects of Palantir's platforms.
• OpenAI partners Microsoft and Amazon invested billions last year to integrate the tech into their cloud platforms.
• As data analytics grows in importance, software developers will compete over connecting data and providing insights via AI. Palantir faces threats.