All eyes might be on Palantir Applied sciences (NYSE: PLTR) Tuesday because it demonstrates its proprietary software program for the primary time.
What Occurred: On Jan. 21, Palantir issued an replace to traders outlining the specifics of what it plans to launch throughout its inaugural “Demo Day.”
On prime of demonstrating how Gotham and Foundry, Palantir’s knowledge platforms, work, the corporate stated it’s going to additionally demo different software program from its modular technique.
Why It Issues: Traders have but to see demonstrations of Palantir’s software program platforms and their purposes.
At 4:30 p.m. Tuesday, Palantir will reveal examples of how its platforms Foundry and Gotham work, along with its purposes for presidency businesses, producers and business prospects. Palantir may also present traders how its steady supply software program Apollo powers Foundry and Gotham in any atmosphere, even in locations the place different SaaS programs may by no means function.
What’s Subsequent: The COVID-19 pandemic made it evident the U.S. authorities wanted to seek out methods to retailer and entry large knowledge shortly. Palantir was awarded a $1.5-billion contract by the Trump administration for the usage of its software program.
Palantir’s contract with the U.S. authorities was revealed in June 2020, adopted three months later by Palantir going public on Sept. 30. Particulars of the contract and the way the federal government is utilizing Palantir’s software program, nevertheless, have up to now remained largely unknown.
The occasion tomorrow will give traders their first glimpse into Palantir’s know-how and assist to clarify how the U.S. authorities is utilizing its software program on mass scale.
PLTR Value Motion: Shares of Palantir have been down 0.89% at $32.29 finally test Monday.
Picture by Austin Distel on Unsplash.
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