Palantir ranked #1 in AI software study globally in market share and revenue

Denver – () – Palantir Technologies Inc (NYSE: PLTR, “Palantir”), a leading builder of operating systems for modern enterprises, today announced that it has been named the #1 Artificial Intelligence (AI) software platform in 2021 market share. and Revenue, According to IDC, Global Artificial Intelligence Platforms Software Market Shares, 2021: Artificial Intelligence is being used in more unique ways than ever (doc #US49602222, September 2022) report.

According to IDC, the market for software for artificial intelligence platforms grew by 36.8% in 2021, equivalent to $14.2 billion. A clear indication of how AI is pervasive and pervasive in all business applications. The report also found that early adopters reported a 35% improvement in innovation and a 33% improvement in sustainability through investing in AI over the past three years.

The increasingly widespread adoption of Palantir’s Foundry and Gotham offerings across some of the world’s most important organizations has been driven by organizations’ willingness to innovate and adapt AI-enabled platforms.

At a time when artificial intelligence is having a profound impact across various industries, software providers who can constantly innovate and bring success to their clients are more important than ever. “Palantir has demonstrated a clear leadership in AI on a global scale from a market share and revenue perspective, and is well on its way to continuing to do so,” said Ritu Jyoti, IDC Group Vice President for Artificial Intelligence and Automation. “We anticipate that the growth of the AI ​​sector is nowhere near slowing down, and we are excited to see how Palantir continues to separate itself from the competition by solving the toughest business challenges out there with its platforms.”

The most important arms race of our time is building the next generation of efficient and responsible AI. Alex Karp, CEO and co-founder of Palantir, said that while most companies are content to address the specific needs and shortcomings of specific clients in a subset of industries, the market we seek to address is essentially unlimited. “Our software development does not aim to merely amplify human labor output in a linear and straightforward manner. Instead, our programs aspire to maximize and highlight the productive power of the human mind.”

Palantir Foundry is designed to transform the way organizations operate by creating a central operating system for their data, integrating isolated data sources into common analytics and operations, while supporting critical data privacy and security protection. This can be achieved by implementing stand-alone modules such as the Foundry Data Integration Suite, or by implementing the entire Foundry platform.

Palantir’s software is currently deployed in more than 50 industries, and helps make decisions in some of the world’s most complex data environments, including manufacturing, health sciences, finance, and government.

learn more On how Palantir’s AI platforms stack up in the face of competition and how CEO, Alex Karp, views the company’s growth over recent years.

About Palantir Technologies Inc.

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forward-looking statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements may relate, without limitation, to Palantir’s expectations regarding the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or measured. Forward-looking statements are based on information available at the time these statements were made and were based on current expectations as well as management’s beliefs and assumptions at that time regarding future events. Such statements are subject to risks and uncertainties, many of which involve factors or circumstances beyond our control. These risks and uncertainties include our ability to meet the unique needs of our clients; Our platforms fail to satisfy our customers or perform as desired; the frequency or severity of any software and execution errors; the reliability of our platforms; and the ability of our clients to modify or terminate their contracts. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

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