Palantir Executive Praises Company's AI Technology 'is Being Used to Support Key U.S. Objectives in the Middle East' – Palantir Technologies (NYSE:PLTR)

At a recent financial results conference, company executives said: Palantir Technologies Inc (NYSE:PLTR) revealed that its AI technology is being used to support U.S. allies in Ukraine and Israel.

what happened: At Monday's fourth quarter results briefing, Shyam SankarPalantir's chief technology officer emphasized the critical role the company's AI-enabled platform plays in advancing the U.S. government's key objectives in the Middle East.

“Our AI-enabled platform is being leveraged to its full potential to support the U.S. government’s critical objectives in the Middle East. We have surged support to Israel to enable us to address a growing list of use cases ranging from tactical command and control, visual intelligence, forensics, readiness, and production,” Sankar said.

“We continue to support Ukraine's efforts directly and through our allies. When the Bat-Signal goes up, Palantir's Gotham platform and its family of products have always answered the call.”

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He also highlighted the company's efforts to support Ukraine directly and through allies.

Meanwhile, Palantir's CEO said: alex karp, expressed pride in the company's swift involvement in operationally significant activities in Israel after the October 7 attacks. He pointed out that Palantir is the only software company of its size with Ukrainian and Israeli involvement.

“I don't know of any other software companies in the world that Ukraine and Israel are involved with, and in general I don't know if they buy software from other companies of our size. .”

why is it important: Palantir It focuses on providing software, security, and artificial intelligence (AI) solutions. Governments around the world, including defense and intelligence agencies, employ Palantir's software platform to enhance their security and defense capabilities in a variety of ways. Joe LonsdaleThe Palantir co-founder has also previously advocated for Israel's “right to self-defense” amid the ongoing war with Hamas. He also highlighted the impact of artificial intelligence in enhancing naval operations and neutralizing drones.

Meanwhile, the U.S. Senate recently proposed an $118.2 billion bipartisan aid package for Ukraine, Israel, and U.S. border security. This assistance is aimed at strengthening the defense capabilities of U.S. allies amid continued geopolitical tensions.

On Monday, Israel vowed to achieve “complete victory” against Hamas in the Gaza Strip, further emphasizing the importance of technical assistance in the region. “Our goal is complete victory over Hamas… We must not end the war before then. It will take time – not years. It's been a few months,” he said.

Palantir announced its fourth quarter results after the market closed on Monday. Benzinga Pro said fourth-quarter revenue was $608 million, up 20% from a year earlier, beating consensus estimates of $602.41 million.

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This content was created in part by Benzinga Neuro, and reviewed and published by Benzinga editors.