Palantir CEO Alex Karp said the company expects to remain profitable 'each quarter through the end of the year.'
Palantir said it expects to report between $528 million and $532 million in revenue during its second quarter, and between $2.19 billion and $2.24 billion for the full year.
Karp also said the demand for Palantir's new Artificial Intelligence Platform is "without precedent." The company's AIP allows commercial and government sectors to use large language models based on their own private data sets, and it will be available to "select customers" this month. "We have already had hundreds of conversations with potential customers about deploying the software and are currently negotiating terms and pricing for access to the components of the platform," he wrote.
Karp added that artificial intelligence presents "real" risks, so he said Palantir's software is designed with human involvement and oversight in mind. In other words, AI will not be able to independently carry out targeting operations in a military context.The company will hold its quarterly call with investors at 5:00 P.M. ET Monday.
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