Palantir Partners with Edgescale AI to Revolutionize Industrial AI Applications

What's Going On With Palantir Stock Today? - Palantir Technologies (NYSE:PLTR)

Palantir announced a multi-year strategic partnership with Edgescale AI to enhance artificial intelligence operations Palantir Technologies Inc. PLTR shares are up this Thursday. Here's what you need to know. What To Know: A Barron's report noted that Palantir co-founder and chairman Peter Thiel has completed selling the maximum number of shares under a trading plan he initiated in May. Thiel sold 12.412 million shares at an average price of $36.85 per share from September 27 through October 1 via Rivendell 7 LLC, leaving the entity with approximately 34.26 million shares. This sale was completed ahead of the December 31, 2025 deadline. Palantir also announced a multi-year strategic partnership with Edgescale AI to enhance artificial intelligence (AI) operations in manufacturing, utilities and other industrial sectors. According to Brian Mengwasser, co-founder and CEO of Edgescale AI, the objective is to simplify the deployment of AI capabilities, integrating Palantir's software on Edgescale's Live Edge platform to provide direct access to operational data and automate physical processes. What Else: Additionally, Palantir was among the top-20 most searched tickers on Benzinga Pro last month, indicating high investor interest. PLTR Price Action: Palantir shares were up by 3.03% at $38.63 at the time of writing, according to Benzinga Pro. See Also: Nike Gears Up To Get Back In Shape With A New Leader Image via Shutterstock. Market News and Data brought to you by Benzinga APIs

Palantir Stock Is Moving Higher Wednesday: What's Going On? - Palantir Technologies (NYSE:PLTR)

Palantir announces a multi-year strategic partnership with Edgescale AI to operationalize AI in industrial environments. Palantir Technologies Inc PLTR shares are trading higher Wednesday. Here's a look at what's going on. What To Know: Palantir shares appear to be getting a lift from a Barron's report suggesting Palantir co-founder and chairman Peter Thiel has completed selling the maximum number of shares under a trading plan he adopted in May. Thiel reportedly sold 12.412 million Palantir shares at an average price of $36.85 per share from Sept. 27 through Oct. 1 under the 10b5-1 trading plan. The shares were sold through Rivendell 7 LLC, which now has approximately 34.26 million shares of Palantir remaining. The report indicates that Thiel had until Dec. 31, 2025 to execute the sales under the plan, but has now exhausted the number of shares he was set to sell. Palantir shares popped shortly after the report surfaced. It's worth noting that Barron's released a similar article on Nvidia Corp NVDA CEO Jensen Huang last month, showing that the Nvidia CEO had completed selling the maximum number of shares under his 10b5-1 trading plan several months early. Nvidia shares surged approximately 4% on the report. See Also: Cramer Says 'Hot Money' Flowing From Nvidia, Apple Into China, Focus On Alibaba 'If You Must' What Else: Palantir on Wednesday announced a multi-year strategic partnership with Edgescale AI to operationalize artificial intelligence (AI) in manufacturing, utilities and other industrial environments. "The next phase of AI is operating on real-world data. We've reimagined and reinvented the cloud to encompass physical devices, where data comes from and actions have real-world impact," said Brian Mengwasser, co-founder and CEO of Edgescale AI. "We eliminate the friction for our customers to deploy the latest AI capabilities anywhere. We're proud to launch this breakthrough first with Palantir, the category leader in production-grade AI." By extending Palantir software on Edgescale, Live Edge is expected to provide direct access to hard-to-reach operational data and help close the loop to automate physical processes. PLTR Price Action: Palantir shares were up 2.28% at $37.29 at the time of publication, according to Benzinga Pro. Photo: Shutterstock. Market News and Data brought to you by Benzinga APIs

Palantir Technologies Partners With Edgescale AI To Operationalize AI In Manufacturing And Utilities - Palantir Technologies (NYSE:PLTR)

Palantir's stock has surged over 129% in the past year, with new contracts enhancing AI capabilities across various sectors. Palantir Technologies Inc. PLTR and Edgescale AI Inc. announced a strategic partnership to deliver Live Edge, a groundbreaking integration of Palantir Edge AI and Edgescale AI's distributed infrastructure technology. This collaboration aims to operationalize artificial intelligence (AI) in manufacturing, utilities, and other complex industrial environments. According to Benzinga Pro, PLTR stock has gained over 129% in the past year. Investors can gain exposure to the stock via REX AI Equity Premium Income ETF AIPI and ProShares Big Data Refiners ETF DAT. "Live Edge unburdens our customers from complex infrastructure requirements and overhead, accelerating delivery and time to value, and transforming how industries operate," said Tom O'Brien, Commercial Partnerships Lead at Palantir. Also Read: Private Sector Job Gains Outpace Forecasts In September As US Adds 143,000 Jobs By extending Palantir software on VCEs powered by Edgescale, Live Edge enables direct access to hard-to-reach operational data and automates physical processes. This multi-year partnership positions Edgescale AI and Palantir to integrate AI into critical industries for their customers. Recently, Palantir inked a multi-year, multi-million-dollar extension of an earlier deal with APA Corporation. This deal extension builds on three years of collaboration across oil and gas company APA's global portfolio and introduces new AI capabilities through Palantir's Artificial Intelligence Platform (AIP) software. Recently, Palantir's new $99.8 million contract expanded Maven Smart System access to all military branches, enhancing interoperability and readiness. The contract allows military services to leverage existing innovations from the Office of Secretary of Defense and NGA for integration. Price Action: PLTR shares are trading lower by 0.88% to $36.14 premarket at last check Wednesday. Photo by Spyro the Dragon on Shutterstock Read Next: Palantir And APA Amp Up AI Alliance: Multi-Million Dollar Deal To Transform Oil & Gas Operations Market News and Data brought to you by Benzinga APIs

Palantir, Edgescale AI partner for edge AI in industry By Investing.com

NEW YORK - Palantir Technologies Inc . (NYSE:PLTR) and Edgescale AI Inc. have formed a strategic partnership to launch Live Edge, a platform that combines Palantir's Edge AI with Edgescale AI's infrastructure technology. This collaboration aims to enable the practical application of artificial intelligence in sectors such as manufacturing and utilities. The partnership seeks to address the challenges of integrating AI with operational technology within industrial settings. Edgescale AI, co-founded by Marc Rouanne and Brian Mengwasser, focuses on automating the creation of cloud environments that facilitate data flow between devices and AI systems. This approach is designed to simplify the deployment of AI and enhance the autonomy and efficiency of connected devices. Brian Mengwasser, CEO of Edgescale AI, highlighted the significance of operationalizing AI in the physical world, emphasizing the company's efforts to reduce deployment friction for customers. Palantir's Commercial Partnerships Lead, Tom O'Brien, also noted the transformative potential of Live Edge in accessing new operational data sets and expediting the implementation of AI across various industries. The multi-year partnership between the two companies is set to create a pathway for integrating AI into critical industry operations for their clientele. Live Edge is currently available for early access to a select group of customers. Palantir Technologies, known for its data and AI software platforms, supports a variety of customers in harnessing data for their crucial operations. The company's expansion into edge AI through this partnership aims to streamline customer access to operational data and automate physical processes. This announcement is based on a press release statement and provides a glimpse into how Palantir and Edgescale AI are working together to advance the application of AI in real-world industrial environments. In other recent news, Palantir Technologies Inc. has seen significant growth in its enterprise data analytics platform, AIP, with more companies considering its deployment by 2025. This has led Wedbush to maintain an Outperform rating on Palantir and raise its price target to $45. Meanwhile, Palantir's second-quarter fiscal year 2024 earnings saw a 27% year-over-year increase, totaling $678.1 million in revenue. This strong performance led to an upward revision of its full-year revenue guidance to $2.746 billion. Palantir has also secured a significant $99.8 million military AI contract expansion from the DEVCOM Army Research Laboratory and a multi-year contract with Nebraska Medicine to implement its AIP. The company was recognized for its achievements in the field of AI and machine learning, earning top marks in the 2024 Wisdom of Crowds® Market Study by Dresner Advisory Services. Raymond James has downgraded Palantir from Outperform to Market Perform, while BofA Securities maintained a Buy rating, and Citi reaffirmed a Neutral rating. These recent developments highlight Palantir's increasing momentum in the AI sector and its continued financial growth. As Palantir Technologies Inc. (NYSE:PLTR) ventures into this strategic partnership with Edgescale AI Inc., it's worth noting some key financial insights that underscore the company's current position and potential. According to InvestingPro data, Palantir boasts a substantial market capitalization of $81.65 billion, reflecting investor confidence in its growth prospects. This valuation is particularly noteworthy given the company's revenue of $2.48 billion over the last twelve months as of Q2 2024, with a robust revenue growth of 21.22% during the same period. An InvestingPro Tip highlights that Palantir "holds more cash than debt on its balance sheet," which provides the company with financial flexibility to pursue strategic initiatives like the Live Edge platform. This strong financial position is crucial for funding innovation and partnerships in the competitive AI sector. Another relevant InvestingPro Tip indicates that "11 analysts have revised their earnings upwards for the upcoming period." This positive sentiment from analysts aligns with the potential impact of Palantir's expansion into edge AI through the Edgescale AI partnership, suggesting optimism about the company's future performance. Palantir's gross profit margin stands at an impressive 81.39%, underscoring the company's efficiency in delivering its software solutions. This high margin could provide ample resources for research and development in AI technologies, supporting ventures like Live Edge. For investors seeking a deeper understanding of Palantir's financial health and growth prospects, InvestingPro offers 22 additional tips, providing a comprehensive view of the company's position in the rapidly evolving AI landscape.