Palantir CEO Alex Karp Announced Plans to 10X Revenue. Here's What It Could Mean for the Stock Price

Palantir Technologies (NASDAQ: PLTR) has become something of an enigma in recent years. The company is at the forefront of the artificial intelligence (AI) revolution. It originally developed its AI-powered data mining tools in the wake of the 9/11 terrorist attacks, with the idea that information buried deep in various intelligence databases could be combined to root out and stop terrorist attacks.Its process developed such useful insights that Palantir expanded beyond its original mandate, using these sophisticated algorithms to help business leaders make data-driven decisions. By aggregating information from current and legacy software systems under a single dashboard, Palantir's Artificial Intelligence Platform (AIP) can provide clear analysis and actionable intelligence, saving businesses time and money.That unbridled success has translated into meteoric growth and a blistering run for the stock. But this could be just the beginning. CEO Alex Karp just announced plans to grow the company's revenue tenfold while reducing Palantir's head count.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool