""The commercial business is growing at 120 percent year over year. We're very proud of the 60 percent growth in government, but they're not even on the same glide slope," says Palantir's CTO, Shyam Sankar."
""Every time those models got better it seemed like they were tailor-made exactly for us," highlighting the impact of generative AI on Palantir's product development."
Palantir's developer conference showcased the company's significant growth, particularly in the commercial sector, which is expanding at 120 percent year over year. The defense contractor's stock price is rising, reflecting positive sentiment among attendees. Generative AI has played a crucial role in enhancing Palantir's offerings, allowing engineers to focus on empowering customers to create their own tools. The company, founded in 2003, has evolved from a government-focused entity to a major player in commercial applications, while still maintaining strong ties to the military.
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