Palantir Shares Surge 11% Following New Partnership with Microsoft to Offer Secure Cloud Services to Government Clients

Benzinga

Palantir shares jumped 11% after the company announced a partnership with Microsoft to sell secure cloud, analytics, and AI capabilities to U.S. defense and intelligence agencies. Through the partnership, Palantir will launch its products on Microsoft's cloud services for government agencies. In the second quarter, Palantir generated over half its revenue from government clients like intelligence and defense agencies. The partnership will allow U.S. defense and intelligence to build AI tools for action plans, logistics, and other uses.

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00:00It's been Zynga, and here's what's on the block.

00:02Palantir shares jumped 11% after the company announced a partnership with Microsoft to

00:07sell secure cloud, analytics, and AI capabilities to U.S. defense and intelligence agencies.

00:12Through the partnership, Palantir will launch its products on Microsoft's cloud services for

00:16government agencies. Palantir generates over half its revenue from government clients like

00:21intelligence and defense agencies in the second quarter. The partnership will allow U.S. defense

00:26and intelligence to build AI tools for action plans, logistics, and other uses.

00:30For all things money, visit benzinga.com

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