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Palantir Loses FAA Deal but Commercial Growth Accelerates
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Palantir Technologies lost an $875 million contract with the US Federal Aviation Administration (FAA), but its commercial segment surged 93%, improving financial results. Business growth is outpacing expectations despite expensive shares.
Why it matters
The news shows that strong commercial demand for data analytics and modeling can drive growth even after losing major government contracts, important for assessing resilience in digital solution businesses.
Original headline
Palantir лишилась контракта FAA на $875 млн, но выручка взлетела на 93%
At the 20th anniversary of the Korea-Africa Economic Cooperation (KOAFEC), Korea and Africa charted a new course for cooperation on artificial intelligence and digital infrastructure. Details of agreements were not disclosed.
Coordinated protests against Palantir took place in eight US cities, organized by nurses, patients, and activists. They demand that hospitals and authorities terminate contracts with Palantir due to concerns about surveillance, including its use by immigration services, and the company's growing presence in healthcare.
A new type of data center using brain cells as computing elements instead of silicon chips has been launched at the National University of Singapore. This technology could radically reduce energy consumption and increase computing efficiency, which is important for compute-intensive systems.
