All articles tagged with #ai platform
OpenAI has launched a ChatGPT app directory allowing users to connect and interact with popular third-party services like Spotify, DoorDash, and Zillow directly within ChatGPT, enhancing its functionality and user experience.
Since its IPO in 2020, Palantir Technologies has experienced explosive growth, with a 1,890% increase over five years, turning a $10,000 investment into over $199,000, driven by its AI platform and strong market momentum, despite high valuation risks.
Google Cloud has launched Gemini Enterprise, an AI platform aimed at everyday workers to automate tasks and generate content, competing with Microsoft and OpenAI. The platform integrates existing technologies into a unified system, connecting with various business applications, and costs $30 per user monthly. It seeks to democratize AI access in workplaces, enabling employees to interact with enterprise data and automate workflows without coding, and is available globally in multiple languages.
OpenAI has launched AgentKit, a comprehensive toolkit designed to help developers easily build, deploy, and optimize AI agents, signaling a move to increase adoption and compete in the autonomous AI agent market. The toolkit includes visual design tools, chat interfaces, performance evaluation features, and secure integrations, demonstrated by a live build in under eight minutes, with several partners already scaling agents using it.
Microsoft is integrating GitHub more closely into its CoreAI team following the resignation of GitHub CEO Thomas Dohmke, who is leaving to start a new venture. GitHub, previously operated as a separate entity since its 2018 acquisition, will now have no CEO and will report directly to Microsoft's CoreAI leadership, signaling a shift towards deeper AI integration within Microsoft’s development ecosystem.
Palantir stock has surged over 500% in the past year, driven by its AI platform and government contracts, with a top investor optimistic about its upcoming Q2 earnings potentially boosting shares further despite high valuation concerns. The company's growth in AI adoption and defense work positions it well, though the market remains cautious with a consensus hold rating and a 31% downside target.
Eudia, a legal tech startup backed by General Catalyst, has made its first acquisition by purchasing Irish legal services provider Johnson Hana, aiming to enhance its offerings with hands-on support for complex legal matters and expand its network of AI-augmented legal professionals.
Palantir Technologies has experienced remarkable growth, with its stock up 85% year-to-date and a 2,100% increase since 2023, driven by strong demand for its AI platform and potential boosts from increased government defense spending. While analyst targets are rising, suggesting continued optimism, there is some downside risk if the stock's valuation becomes too high. Overall, the company's diverse revenue streams and geopolitical factors could support further gains.
Adobe's stock price dropped after its latest earnings report, despite exceeding revenue and EPS expectations. The company's slowing sales growth and challenges in its Digital Media and Digital Experience segments have raised doubts about its future growth potential. Analysts expect modest revenue and EPS growth, but uncertainties around macro, competitive, and regulatory headwinds make it unlikely for Adobe to reach a trillion-dollar market cap by 2030.
Consulting firm EY has completed a $1.4 billion investment into artificial intelligence, unveiling its own large language model called EY.ai EYQ. The company plans to train its 400,000 employee workforce on AI and will focus future spending on refining its new AI platform.
Palantir Technologies is eyeing a new AI platform to reaccelerate sales growth. The company's stock, PLTR, is not yet actionable amid its 53% gain in 2023. Palantir's improved profitability has boosted its stock, but decelerating revenue growth is an issue. The company gets nearly 60% of its revenue from government agencies. Palantir's newest offering, the Artificial Intelligence Platform, will begin rolling out to select customers this month.
Palantir's Q1 earnings beat analysts' estimates with an 18% YoY increase in revenue and a 26% growth in US commercial revenue. The company reported its second-ever quarter of positive net income on a GAAP basis and expects to remain profitable through the end of the year. Palantir's CEO, Alex Karp, said the demand for the company's new Artificial Intelligence Platform (AIP) is "without precedent." The AIP allows commercial and government sectors to use large language models based on their own private data sets.