"And with Snowflake recently teaming up with Palantir in a deal that would allow for integration between Snowflake's AI data cloud and Palantir's products, most notably its AI Platform (AIP), which has enjoyed significant growth in recent quarters, I think AI investors might wish to keep the two fast-rising AI names on their radars as more deals come to be in the recent collaboration surge."
"Perhaps the excessive negativity surrounding dealmaking between AI firms and rivals has had some investors feeling mixed about such deals. Indeed, circular financing or vendor-driven deals might have caused AI bubble fears to bubble up, but if you're a believer in the technological revolution at hand and what it could bring to the table in terms of productivity gains, perhaps it's time to start viewing such collaborative deals as moves that could allow the AI advancement to accelerate in a more efficient manner."
"At the end of the day, AI is bound to move ahead faster if the best of corporate America works on the effort together rather than isolating themselves and running the risk of reinventing the wheel. Either way, I view the surge of partnerships and investments within the realm of AI as a good thing, not only for investors but also for the continued rise of the AI boom."
Snowflake and Palantir are positioned to enable other firms to harness AI and have reported standout quarterly results. Snowflake recently struck a deal to integrate its AI data cloud with Palantir's products, notably its AI Platform (AIP), which has seen significant growth. Early stock gains from the partnership were later mostly erased amid investor concerns about circular financing and vendor-driven deals. Collaborative partnerships and investments among AI firms can accelerate development by avoiding redundant efforts and improving efficiency. Continued dealmaking could bring under-the-radar AI players into the collaboration trend and sustain momentum for productivity gains across industries.
Read at 24/7 Wall St.
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