Palantir hits $1 billion quarter milestone thanks to AI, says $1 trillion is the goal

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Palantir has hit a new milestone with second-quarter revenue crossing $1 billion for the first time, and now the company says a $1 trillion valuation is where it’s headed next. The Peter Thiel-owned company confirmed that revenue grew 48% year-over-year to reach $1.004 billion, powered by major growth in both U.S. commercial and government deals. The company also raised its full-year guidance across all key metrics, citing continued demand for its AI software. Source: Palantir CEO Alex Karp said...