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Palantir exec calls LLMs a 'jagged intelligence' and outlines the company's next steps in the AI race

1. Palantir reported its first billion-dollar quarter, fueled by a U.S. Army contract. 2. Key executives criticized LLMs' understanding and highlighted their own AI approach. 3. Deregulation initiatives are seen as beneficial to business and talent acquisition. 4. Commercial revenue in the U.S. nearly doubled year-over-year to $628 million. 5. The company outlines strong competitive advantages in talent retention strategies.

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FAQ

Why Very Bullish?

A strong quarterly report and significant revenue from government contracts may instill investor confidence, mirroring past examples such as Lockheed Martin's consistent growth following government contracts.

How important is it?

The announcement of a billion-dollar quarter significantly impacts investor sentiment and future earnings expectations, likely influencing Palantir's stock performance.

Why Short Term?

Expectations of sustained revenue and growth from U.S. Army contracts are likely to influence stock performance in the near future, similar to how defense stocks reacted positively post major contract announcements.

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