Amazon has invested in an AI startup that lets people make TV episodes.
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3 minutes ago
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Palantir shares jump as soaring AI demand powers forecast upgrade
(Reuters) -Palantir Technologies shares rose 5% before the bell on Tuesday, after strong demand for its AI-powered services across governments and commercial businesses prompted an increase in its annual revenue forecast. Investors have been betting big on the data analytics and defense software company's military-grade artificial intelligence tools and services, which have propelled its shares to more than double in value this year, making them the best performer on the S&P 500 index through last close. "Palantir's staggering growth is showing no signs of slowing... and (its) ability to grow at scale has been underestimated by a large cohort of the market," said Matt Britzman, senior equity analyst at Hargreaves Lansdown. The company raised its annual revenue forecast for the second time this year and above Wall Street estimates. Sales to the U.S. government jumped 53% to $426 million, representing more than 42% of the total second-quarter revenue of about $1 billion. Last week, the U.S. Army said it might spend up to $10 billion on Palantir's services over the next decade. The Denver, Colorado-based company, co-founded by Peter Thiel, expects expenses to rise significantly in the third quarter due to seasonal hiring amid rising competition among industry leading tech firms to poach top talent, as businesses rapidly look to adopt AI. The stock trades at over 200 times its 12-month forward earnings estimates, compared with AI giant Nvidia's 34.81 and S&P 500's 27.44. Jefferies analysts cautioned that there is a "disconnect between valuation and achievable growth". At least six brokerages raised their price targets on the stock after the results. Sign in to access your portfolio
Yahoo
3 minutes ago
- Yahoo
Trump's 'good economic news' is awfully murky
Bonanza what? Re "Trump delivers bonanza of good economic news for U.S.," Aug. 1: I'm not sure what 'bonanza of good economic news' the president is said to have delivered, as Nicole Russell claims in her opinion piece. But here is a quote from a Wall Street Journal article by Paul Kiernan, published the same day: '… official data this week showed a marked slowdown in economic output and consumer spending, followed by a jarringly weak jobs report. Where things go from here is murky.' Russell, please note: that's Paul Kiernan, not Paul Krugman. Yet Kiernan's reporting and the data seem to support Krugman's concerns about the state of the economy. Nicole Russell: "Trump delivers bonanza of good economic news for U.S. If this is bonanza, one shudders to think what the bad news feels like. Manoj Choudhary, Reynoldsburg Honoring a man who always prioritized people I am writing to express profound appreciation for the well-deserved recognition of the late former Ohio Director of Agriculture Steve Mauer on Aug. 1, inducted posthumously into the Ohio Agricultural Hall of Fame. As a longtime admirer of Steve's contributions to our community and the broader agricultural landscape, I was deeply moved by the tribute paid to him at the Ohio Ag Council Hall of Fame Breakfast. Steve, also twice appointed Ohio State executive director for the United States Department of Agriculture Farm Service Agency by Presidents Bill Clinton and Barack Obama, embodied the spirit of Ohio agriculture — a visionary leader whose dedication to all things Ohio , advocacy for rural communities and mentorship of future generations left a lasting mark. He championed diversifying Ohio crop production, helped establish Ohio's organic certification program and opened up new international markets for Ohio agricultural products. Above it all, he genuinely cared about and always prioritized people. He not only advanced our industry but also inspired countless individuals, myself included. The hall of fame's decision to honor Steve celebrates more than his legacy; it reaffirms the values of perseverance, integrity and stewardship that define Ohio's agricultural heritage. Seeing his wife Amy and their family accept this accolade was a poignant reminder of the lives he touched and the enduring impact of his work. Thank you to the Ohio Agricultural Hall of Fame for ensuring that Steve Mauer's contributions will never be forgotten. This recognition not only honors his memory but also inspires all of us to carry forward his passion for progress and community. Tim Sword, Agricultural Export Administrator, Ohio Department of Agriculture LifeWise and Tressel Re letter to the editor "Full background checks shouldn't be optional," Aug. 1: Coincidence that the letter to the editor from Dave Schwendenman about LifeWise Academy's failure to put basic safeguards in place for the children they remove from class during school hours was immediately followed by the "Tressel for Ohio governor" letter from Keith Luck? It should be lost on no one that Tressel's name will be on the LifeWise training room when their new national headquarters opens in Hilliard this year. Sue Miller, Columbus This article originally appeared on The Columbus Dispatch: Good news for the economy? Data begs to differ | Letters Solve the daily Crossword
Entrepreneur
4 minutes ago
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TurboHire Secures USD 6 Mn in Series A Funding Led by IvyCap Ventures
The Hyderabad-based startup plans to use the capital to expand its global presence, enhance product capabilities, and strengthen integration across human resource technology ecosystems. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Enterprise recruitment automation startup TurboHire has secured USD 6 million in Series A funding led by IvyCap Ventures. The Hyderabad-based startup plans to use the capital to expand its global presence, enhance product capabilities, and strengthen integration across human resource technology ecosystems. TurboHire was founded in 2019 by Deepak Agrawal, Rakesh Nayak, and Gaurav Kumar with the aim of addressing inefficiencies in enterprise recruitment. The platform uses agentic artificial intelligence, advanced analytics, and deep integration with major human resource management systems such as SAP SuccessFactors, Oracle HCM, and Workday. It supports hiring across scenarios from large-scale recruitment events to senior executive searches through a single configurable interface. Deepak Agrawal, CEO and Co-founder of TurboHire, said, "Enterprises are under intense pressure to transform, but traditional hiring systems are rigid, slow, and drain executive time. TurboHire brings together AI-powered automation, workflows, and data on one single enterprise-grade platform—with exceptional configurability and integrability. It's a game changer for companies serious about AI-led hiring transformation. With IvyCap's support, we're poised to scale this globally." The company's offerings operate on a business-to-business software-as-a-service model. Enterprises subscribe to the platform to automate and streamline recruitment processes, reduce time-to-hire, and improve overall efficiency. TurboHire's client base includes over 120 organisations such as Cipla, Tata Motors, PwC, Lenskart, Britannia, RPG Group, Motilal Oswal Group, and Ola. Vikram Gupta, Founder and Managing Partner, IvyCap Ventures, added, "TurboHire is not just solving a business problem—it's redefining how enterprises approach talent acquisition in an AI-first world. Their ability to serve large, complex organisations with a configurable, outcome-oriented platform is impressive. With a strong product-market fit, growing global demand, and a future-ready tech stack, we believe TurboHire is well-positioned to lead the next wave of intelligent hiring transformation." With its new funding, TurboHire aims to continue building its capabilities and expanding its reach in the global market. The company's focus remains on delivering technology that enables organisations to treat hiring as a strategic advantage in an increasingly digital business landscape.
