Palantir’s AI Boom; Ryan Cohen’s Chutzpah
The Information
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Generative AI
Is Palantir soaking up all the growth in the enterprise software sector? That seems like a reasonable question judging by the company’s first-quarter results released on Monday, which showed 85% revenue growth. That’s an astounding growth rate for a business that’s 23 years old. Even better, Palantir turns a lot of that revenue into pure cash. Indeed, its free cash flow of $892M in the quarter was than its revenue in the year-earlier quarter.