Palantir “Crazy and effective Revolution”: The first billion dollar brings a plan to reduce more employees due to “the amazing impact of raising artificial intelligence”
Palantir Technologies I just achieved a milestone that would have looks strange even for its best promoters a year: a The first quarter ever billion dollarsBy pushing a fugitive boom in artificial intelligence, which is now mainly converting how the company works – and the number of employees you think it needs.
The software and data analyzes giant reported a billion dollar revenues for its last quarter, an increase of 48 % on an annual basis, as it greatly outperformed Wall Street estimates and published increases in commercial and governmental contracts. American revenues alone jumped by 68 % to 733 million dollars, with local commercial sales increased by 93 %. The profit also increased by 33 % to 327 million dollars, and raised its view this year, as it offered the revenues of the entire year 4.14 billion dollars and 4.15 billion dollars.
The company’s “base 40” degree-is a main measure of growth in addition to the profit margin-94 % undesited, “again in blur the scale”, according to a carb. Palantir’s executive officials have explained that there is a major source of these new levels of productivity: artificial intelligence, mixing in each layer of its work and automating tasks that require a day of wage from programmers and information technology employees.
CEO Alex Carb was mysterious in both profit calls and shareholders. “This was a great quarter,” he wrote in the profit version. “We still see the amazing impact of the lever of artificial intelligence.”
in The subsequent appearance on CNBC“We are planning to develop our revenues … while reducing the number of people we have,” Carb said, describing what Amnesty International enables its company to do. “This is a crazy and effective revolution. The goal is to get 10x revenues and get 3600 people. We now have 4100.” KARP has also put the company’s goals on the profit call with analysts, explaining that it will not make a great demobilization, but it will freeze the appointment and rely on artificial intelligence to strike the productivity of each employee. This was really ongoing: In March, the company Cut the workforce for information technology From 200 to less than 80 full -time employees.
The profits of the call of victory are a roll
KARP and other Palantir CEOs celebrated their amazing quarter of analysts, saying that Palantir models on demand are essential to increase the impact of large language models. “LLMS does not simply work in the real world without pantir,” said Ryan Taylor, a chief revenue official, said. “This is the reality that feeds our growth.”
Taylor discussed how to flourish with a nitr, as other companies do not see the investment yet of artificial intelligence. Taylor said in “LLMS, on their own, at best, a coarse intelligence of the basic understanding.” Business Insider’s comments. “In one moment, they may seem to outperform humans on a mission to solve problems, but the next day, they make catastrophic errors that there is absolutely no human being.”
“Twenty years of grinding has built a unique trench and huge leaders,” said Chief Technology official, Shiam Sancar, said. He also claimed that “artificial intelligence gives the great powers to American workers,” noting the progress seen at the top of the artificial intelligence race in the capital, including the intensive care unit nurse, a factory worker, a hospital official, and the electric vehicle battery maintenance technician.
KARP was very bully about the employment of Palttereen for the technology of artificial intelligence to the extent that it had issued a challenge to higher education institutions and elite institutions such as Ivy League. I suggest that all the previous credentials of success are of no value. “If you do not go to school, or go to a school that is not big, or go to Harvard, Prinston or Yale, as soon as you come to Balnter, you are Balnteiri – no one cares about other things,” Carb said. He added that the environment in Palantir differs from what most workers witnessed: “Most of them come from the university, as they were just participating in the vanguard operations.”
KARP CNBC told that he wants to communicate with unions because re -discord will require artificial intelligence, on the pretext that the salaries of blue collar workers should rise as a result. “This is the story of America,” he said. Another statement from Karp: “Just tell the haters: Read ‘Em and SPLEP.”
“It is clear that in Antire benefits from the momentum of the artificial intelligence industry through the governmental and commercial customers bases,” Note William Blair analysts. While Bank of America Research has repeated her purchase classification, saying that she expects growth to continue as it remains in the “best in the class to spread and operate artificial intelligence in institutions.”
For this story, luck The artificial intelligence is used to help with a preliminary draft. Check an editor of the accuracy of the information before publishing.
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