Latest news with #PalantirFoundry
Yahoo
4 hours ago
- Business
- Yahoo
TeleTracking and Palantir partner for operational decision-making in healthcare
TeleTracking Technologies has collaborated with Palantir Technologies to enhance operational decision-making in healthcare. This strategic partnership is set to offer long-term value to healthcare providers worldwide by integrating TeleTracking's Operations IQ platform with the analytics and Palantir's AI-driven operating system, Palantir Foundry and AIP. Combining the operational workflow expertise of TeleTracking with the decision intelligence capabilities of Palantir, the partnership will enable caregivers to integrate and analyse various data types. This includes clinical, operational, financial, workforce, and third-party information. The goal is to use predictive forecasting and demand modelling to manage capacity, staffing, and resources more efficiently. The partnership will facilitate transparency and almost instantaneous awareness of circumstances across different areas or systems, leading to the optimisation of crucial resources throughout the entire organisation. It will also enhance the movement of patients through operational command centres. The distinctive operational information provided by TeleTracking, together with the AI-native platform from Palantir, seeks to automate operational procedures, lessening the load on staff and caregivers while also enhancing patient care and financial results. Palantir CEO Alex Karp said: 'This partnership with TeleTracking represents the AI revolution in healthcare we are in the midst of, where we continue to move closer to a world where all hospitals and health systems are embracing, implementing, and operating with an AI-powered approach, helping to streamline operations allowing for increased focus on providing the best level of care.' Health systems, regardless of their sizes, benefit from improved operational coordination, multi-hospital system management, and strategic planning powered by data. The partnership is designed to tailor their response capability to changing patient requirements and help to achieve cost efficiency. Earlier this year, TeleTracking announced a five-year collaboration with European applied AI company Faculty. This partnership aims to bring AI-powered automation and predictive capabilities to health systems and hospitals. "TeleTracking and Palantir partner for operational decision-making in healthcare" was originally created and published by Hospital Management, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
4 days ago
- Business
- Yahoo
Palantir (PLTR) Shares Are Up 80% Since This Congressman Bought Company Shares
Palantir Technologies Inc (NASDAQ:PLTR) shares are buzzing as more and more politicians pile into the stock and the company keeps getting governmental contracts. Congressman James Comer from Kentucky bought Palantir Technologies Inc (NASDAQ:PLTR) shares worth up to $15,000 on January 21 this year. The stock is up 80% since then. Comer is Chairman of the House Oversight Committee. A software engineer manipulating a vast network of code on virtual monitors. Palantir has so far defied conventional valuation metrics thanks to its momentum and strong growth. In Q1 2025, its US commercial revenue jumped 71% year over year, hitting a $1 billion annualized run rate, while total commercial contract value soared 183% to $810 million. Palantir posted a 44% adjusted operating margin and $370 million in free cash flow. The company secured 139 contracts over $1 million and 31 over $10 million, amid AI Platform (AIP) deployments seeing gains. U.S. government revenue, 42% of total sales, rose 45% year over year, and Palantir now supports 32 allied nations with its AI-based command platform. Alger Mid Cap Focus Fund stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its Q1 2025 investor letter: Palantir Technologies Inc. (NASDAQ:PLTR) builds advanced platforms for data integration, management, and security, enabling interactive, AI assisted analysis for its users. Its core offerings include Palantir Gotham, designed for government clients, and Palantir Foundry, tailored for commercial customers. Originally focused on U.S. intelligence agencies, Palantir has expanded into defense contracts with western governments and entered the commercial market in 2016. During the quarter, the company reported strong fiscal fourth-quarter results, with revenues surpassing analyst estimates due to heightened demand from both U.S. commercial and government clients. Management also raised its fiscal 2025 revenue outlook, citing robust demand in its Artificial Intelligence Platform (AIP), which continues to gain adoption across various industries. Collectively, these developments drove a notable rise in Palantir's share price, positively contributing to performance during the quarter. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Miami Herald
4 days ago
- Business
- Miami Herald
TeleTracking and Palantir Partner to Transform Healthcare Operations with AI-Powered Insights
PITTSBURGH, PA and DENVER, CO / ACCESS Newswire / June 5, 2025 / TeleTracking Technologies, the market leader in Healthcare Operations Platforms for hospitals and health systems, and Palantir Technologies (NASDAQ:PLTR), a leader in artificial intelligence systems, today announced a strategic partnership aimed at revolutionizing operational decision-making in healthcare to deliver long-term value to providers globally. By integrating TeleTracking's industry-leading platform, Operations IQ, with Palantir's advanced analytics and AI-powered operating system, Palantir Foundry and AIP, TeleTracking will deliver the next-generation solution that provides hospitals and health systems with near real-time, actionable insights - optimizing staffing workflows, accelerating decisions, and putting patients at the center of every action. "At TeleTracking, we've always been pioneers in healthcare operations-just as Palantir has revolutionized the modern AI operating system. Coming together is more than a partnership; it's a fusion of two industry firsts with a shared mission to drive positive change in the world. By combining our strengths, we're changing the game for hospitals and health systems globally-unlocking unprecedented visibility, coordination, and impact in patient care and financial performance," said Chris Johnson, CEO at TeleTracking. Hospitals and health systems continue to face mounting pressure to expand capacity, coordinate care more effectively, and operate more efficiently across care settings - all without increasing physical infrastructure. The integration of TeleTracking's operational workflow expertise with Palantir's decision intelligence capabilities will empower healthcare providers to: Seamlessly integrate clinical, operational, financial, workforce, and third-party predictive forecasting and demand modeling to manage capacity, staffing, and visibility and near real-time situational awareness across regions or enterprise-wide optimization of key resources and maximize patient flow through operational Command the unique operational data of TeleTracking, coupled with the Palantir AI-native platform, to drive automation in the operational burden on staff and caregivers, while improving patient and financial outcomes. "This partnership with TeleTracking represents the AI revolution in healthcare we are in the midst of-where we continue to move closer to a world where all hospitals and health systems are embracing, implementing and operating with an AI-powered approach, helping to streamline operations allowing for increased focus on providing the best level of care," said Alex Karp, CEO at Palantir. Health systems of all sizes will benefit from enhanced operational coordination, multi-hospital system management, and data-driven strategic planning-accelerating their ability to respond to evolving patient needs while driving measurable improvements in outcomes and cost efficiency. This partnership marks a pivotal moment in healthcare transformation-pairing TeleTracking's trusted operational capabilities with Palantir's breakthrough technology to unlock a new era of smart, scalable, and efficient healthcare. About TeleTracking TeleTracking is a technology company and the global leader in healthcare Operations Platforms, helping hospitals and health systems optimize patient flow, capacity, staffing workflows, and performance across clinical and operational domains. With over 35 years of experience, TeleTracking combines domain expertise with operational solutions that seamlessly integrate with EMRs and other enterprise systems, extending operational visibility across entire networks. Learn more at About Palantir Technologies Foundational software of tomorrow. Delivered today. Additional information is available at Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the expected benefits of Palantir's software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond Palantir's control. These risks and uncertainties include the ability to meet the unique needs of customers; the failure of Palantir's platforms to satisfy customers or perform as desired; the frequency or severity of any software and implementation errors; Palantir's platforms' reliability; and customers' ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings Palantir makes with the Securities and Exchange Commission from time to time. Except as required by law, Palantir does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. Media Contacts: Karina StabileAria Marketing for TeleTracking(516) 317-5835kstabile@ Lisa GordonPalantirmedia@ SOURCE: TeleTracking
Yahoo
6 days ago
- Business
- Yahoo
President Trump, Palantir's possible partnership: What to know
(NewsNation) — Americans having their data shared is about to reach a whole different level under President Trump's administration. Trump recently announced he is planning on partnering with Palantir Technologies to build a federal database tracking millions of citizens. But what exactly is Palantir? How did the tech company get involved with Trump? Who is in favor of this program and who opposes? Palantir Technologies is a data and technology firm cofounded by Peter Thiel, Stephen Cohen, Joe Lonsdale and Alex Karp. The company began in 2003 and specializes in software platforms for people. It has four main projects: Palantir Gotham, Palantir Foundry, Palantir Apollo, and Palantir AIP. Ex-Homeland Security official Taylor fights back against Trump's 'unprecedented' investigation order Palantir Gotham is an intelligence and defense tool used by militaries and counter-terrorism analysts. Palantir Foundry focuses on data integration and analysis for corporate clients. Palantir Apollo facilitates continuous integration and delivery across all environments. Trump has stated that Palantir would use the tracking data to help protect citizens and provide better all-around assistance. In March, Trump handed down an executive order that would push all federal agencies to share their data. The Department of Homeland Security, Internal Revenue Service, Social Security Administration, and United States Department of Health and Human Services have already begun the process, which channels sensitive data into one central database. Top Trump officials visit prolific Alaska oil field amid push to expand drilling 'On its face, it looks like the government is trying to save money in terms of operations and not doing the same thing over and over again,' said Armen Kurdian, retired U.S. Navy Captain. 'When you look a little deeper, is the implications or the risks of putting all the information together at one time going to make a greater risk for the American public?' Overall, the pitch would potentially lead to fewer wasted tax dollars, faster services and smarter law enforcement for Americans. The possible centralized database has people on both sides of the fence. Those who want to see the partnership come to fruition say fraud and efficiency will receive a tremendous boost. Meta becomes the latest big tech company turning to nuclear power for AI needs Critics say it could be a 'surveillance nightmare.' They also acknowledged that Thiel's acquiring unprecedented access to Americans' data goes well beyond privacy and could lead to weaponization. 'In this case, now, instead of something being segmented, a potentially massive database of the entire U.S. population could be at risk,' added Kurdian. Palantir's cofounder, Peter Thiel, is a known mega donor for Donald Trump. Thiel has been Trump's right-hand man in Silicon Valley and worked previously with Elon Musk, Trump's former senior advisor. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
29-05-2025
- Business
- Yahoo
Strong Results Boosted Palantir Technologies' (PLTR) Performance in Q1
Fred Alger Management, an investment management company, released its 'Alger Mid Cap Focus Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1 2025, U.S. equities faced increased volatility due to shifting fiscal, monetary, and trade policies. The rise of advanced AI models from China, which matched U.S. capabilities at lower costs, intensified this uncertainty. As a result, investors reevaluated the high capital expenditures of U.S. tech firms, leading to a sell-off in AI stocks and concerns over domestic AI returns. Against this backdrop, Class A shares of the Fund underperformed the Russell Midcap Growth in the quarter. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Alger Mid Cap Focus Fund highlighted stocks such as Palantir Technologies Inc. (NASDAQ:PLTR). Palantir Technologies Inc. (NASDAQ:PLTR) develops and deploys software platforms for the intelligence community. The one-month return of Palantir Technologies Inc. (NASDAQ:PLTR) was 6.51%, and its shares gained 469.54% of their value over the last 52 weeks. On May 28, 2025, Palantir Technologies Inc. (NASDAQ:PLTR) stock closed at $123.76 per share, with a market capitalization of $292.062 billion. Alger Mid Cap Focus Fund stated the following regarding Palantir Technologies Inc. (NASDAQ:PLTR) in its Q1 2025 investor letter: Palantir Technologies Inc. (NASDAQ:PLTR) builds advanced platforms for data integration, management, and security, enabling interactive, AI assisted analysis for its users. Its core offerings include Palantir Gotham, designed for government clients, and Palantir Foundry, tailored for commercial customers. Originally focused on U.S. intelligence agencies, Palantir has expanded into defense contracts with western governments and entered the commercial market in 2016. During the quarter, the company reported strong fiscal fourth-quarter results, with revenues surpassing analyst estimates due to heightened demand from both U.S. commercial and government clients. Management also raised its fiscal 2025 revenue outlook, citing robust demand in its Artificial Intelligence Platform (AIP), which continues to gain adoption across various industries. Collectively, these developments drove a notable rise in Palantir's share price, positively contributing to performance during the quarter. A software engineer manipulating a vast network of code on virtual monitors. Palantir Technologies Inc. (NASDAQ:PLTR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 77 hedge fund portfolios held Palantir Technologies Inc. (NASDAQ:PLTR) at the end of the first quarter, which was 64 in the previous quarter. While we acknowledge the potential of Palantir Technologies Inc. (NASDAQ:PLTR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the undervalued AI stock set for massive gains. In another article, we covered Palantir Technologies Inc. (NASDAQ:PLTR) and shared the list of AI stocks on Wall Street's radar. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
