Intelligence company Palantir saw an 11% increase in shares on Aug. 8 following news of a collaboration with Microsoft to provide AI services and analytics to US defense and intelligence agencies. Palantir will utilize Microsoft's secure cloud technology to offer its suite of products to defense agencies, including Foundry, Gotham, Apollo, and AIP. The partnership will also involve Palantir being an early adopter of Azure's OpenAI Service in top-secret environments. The company aims to leverage AI in various defense sectors such as logistics and task prioritization. Palantir recently reported strong Q2 earnings and raised its annual revenue forecast, reflecting a growing demand for AI-driven data services. Founded in 2003 by Peter Thiel, Palantir has expanded its services beyond intelligence agencies to include civilian clients like Morgan Stanley and Airbus. The company also started accepting Bitcoin payments in 2021, hinting at a possible addition of BTC to its balance sheet. Read more AI-generated news on: https://app.chaingpt.org/news