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Reuters

Reuters

Palantir raises 2024 revenue forecast again on robust AI adoption; shares surge

Reuters
Summary
Nutrition label

80% Informative

Palantir Technologies raised its annual revenue forecast for the third time.

Shares of the company rose about 8% in extended trading.

The data analytics company has benefited from a boom in GenAI technology, as more companies turn to its AI platform, which is used to test, debug code and evaluate AI -related scenarios.

The company also recorded its largest-ever profit, with net income of $144 million in the third quarter .

VR Score

92

Informative language

98

Neutral language

69

Article tone

semi-formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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