this post was submitted on 05 Aug 2025
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Palantir tops $1 billion in revenue for the first time, boosts guidance (www.cnbc.com)
submitted 1 week ago by AcidiclyBasicGlitch@sh.itjust.works to c/technology@lemmy.world
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Palantir topped Wall Street’s estimates and hiked its full-year guidance due to the artificial intelligence boom. The AI software provider’s revenues grew 48% during the period and hit $1 billion for the first time. The software analytics company has seen a boost from President Donald Trump’s focus on cutting government costs.

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[–] AcidiclyBasicGlitch@sh.itjust.works 4 points 1 week ago

Its hard to ignore that the hunger and poverty seems to be a direct result of (or at best enabled by) totalitarian thirsty companies receiving large government contracts and their shareholders who run governments.