We recently published a list of 10 AI headlines you shouldn’t miss. In this article, we’ll take a look at how Palantir Technologies (NYSE:PLTR) stands compared to other AI headlines you shouldn’t miss.
Sovereign AI: A new concept gaining traction in the field of artificial intelligence. As CNBC reported, tech giants are developing “sovereign” artificial intelligence models to increase their competitiveness. Last month, Denmark announced its own artificial intelligence supercomputer, becoming one of many sovereign AI initiatives with the ability to “codify” the country’s culture, history and collective intelligence.
Related articles: 10 AI headlines that are trending today and 15 AI news stories you should read today.
That said, many of today’s largest language models, such as OpenAI’s ChatGPT and Anthropic’s Claude, have US-based data centers to store data and process requests from the cloud. Some politicians and regulators from Europe have begun to express concerns about dependence on American technology, believing it to be detrimental to the continent’s competitiveness and technological resilience.
Filippo Sanesi, global head of marketing and operations at OVHCloud, said the French cloud company “understands the value of having data in Europe, where it is subject to European law, so “We’re experiencing a lot of demand for infrastructure.” ”
“As the concept of data sovereignty becomes more mature and people understand what it means, more companies are understanding the importance of keeping data local and under specific jurisdiction and governance. This data is sovereign in certain countries under certain regulations.
Although AI sovereignty is not yet a regulatory mandate, European countries are increasingly investing in AI technologies that reflect their own social norms.
In recent news, over 3,000 companies from around the world participated in the Web Summit 2024 in Lisbon. The theme of Europe’s biggest technology event was artificial intelligence, with startups showcasing machines that can think, learn and even solve many of the world’s problems, including: As deforestation. One such startup at the summit was Woodchat, an artificial intelligence system that identifies wood types to combat illegal wood use.
“WoodChat is an artificial intelligence system that identifies wood types, and all work is done via WhatsApp. Our technology is an API validated by Meta. In Brazil, our authentication system is used to fill out forest documents. is used. This process helps loggers complete and allows the timber to pass through the federal system with approved certification.”
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Other sectors that had interesting startups at the summit included robotics, finance, and air travel.
In other AI news, Bloomberg reported that American artificial intelligence research organization OpenAI is preparing to launch a new artificial intelligence operator codenamed “Operator.” The company reportedly plans to release the tool in research preview in January, which will allow computers to perform actions on behalf of humans, such as writing code and booking travel. The planned release is part of a broader industry move toward agents, AI software that can perform multi-step tasks for users with minimal supervision.
In this article, we selected AI stocks based on news articles, stock analysis, and press releases. These stocks are also popular among hedge funds.
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Palantir Tech (PLTR) expands AI partnership with Rio Tinto to strengthen operations
A software engineer works with a huge network of code on a virtual monitor.
Market capitalization: $135.96 billion
Palantir Technologies Inc. (NYSE:PLTR) is an American company that builds agile solutions for data-driven operations and decision-making. The company’s Artificial Intelligence Platform (AIP) has transformed businesses used to test, debug code, and evaluate AI-related scenarios.
On November 13, Palantir Technologies, Inc. (NYSE:PLTR) renewed a multi-year corporate agreement with Rio Tinto Group, a leading mining and metals group. The deal extends the enterprise agreement between the two companies and secures Rio Tinto’s access to the Palantir artificial intelligence platform for an additional four years. As an early user of Palantir Foundry, Rio has already developed a digital twin “ontology” that serves as a unified data framework for critical operations.
“We are excited about the use of Palantir’s AI Platform (AIP), building on what Rio Tinto has already achieved with Foundry and its ambitions for the secure use of AI. The ontology created by Rio Tinto’s foundry team enables rapid deployment of AI solutions to some of Rio Tinto’s most pressing challenges, helping operators in areas such as risk identification, asset management, and supply chain ordering and fulfillment. Best and safest practices are guaranteed.
Overall, PLTR ranks 5th on our list of can’t-miss AI headlines. While we see PLTR’s potential as an investment, we believe some AI stocks are more likely to deliver higher returns and do so in a shorter period of time. If you’re looking for AI stocks that have better prospects than PLTR but trade at less than 5x earnings, check out our report on the cheapest AI stocks.
Read next: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks, According to BlackRock
Disclosure: None. This article was originally published on Insider Monkey.
