Shares of Palantir (PLTR. N) rallied more than 10 percent and were on track for their highest close since February 2021.
Palantir and Microsoft are advancing a partnership in which Microsoft will use Palantir to expand the capabilities of AI and LLM (Large Language Models). It is reported that Palantir is an American software company, mainly engaged in the development and application of big data analytics and artificial intelligence technology. It was founded in 2003 and is headquartered in Denver, Colorado.
Joe Lonsdale of Palantir, along with cryptocurrency billionaires Cameron Winklevoss and Tyler Winklevoss, are major donors to the super PAC supporting Donald Trump, which is also backed by Elon Musk. According to its most recent filing with the Federal Election Commission, America PAC raised $8.80 million in the second quarter, spent $7.80 million and held just under $1 million in cash in early July.