Palantir Stock Rises on Rackspace AI Collaboration
Palantir Technologies’ stock experienced a rise of over 5 % Wednesday following its news of a strategic collaboration with Rackspace Innovation. The cooperation aims to increase AI deployment for business utilizing Palantir’s Factory and AI Platform (AIP).
- Rackspace shares soared by as much as 217 % on the information.
- Rackspace will offer application, cloud hosting, and information movement, training 250 designers for Palantir services.
- This follows Palantir’s statement to transfer its head office from Denver to Miami, driven by Florida’s favorable tax obligation setting, an action criticized by some for the firm’s claimed monitoring tool utilized by ICE.
