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Palantir revenue surges 93% amid criticism over support for Israel’s Gaza war
['Mehdi Editor']
Middle East Monitor
US artificial intelligence and data analytics company Palantir Technologies reported a 93% year-on-year surge in second-quarter revenue, despite mounting criticism over its support for Israel and the alleged use of its technology in the Gaza war, Anadolu reports.
Revenue reached $1.94 billion in the three months ended June 30, up from $1 billion a year earlier, the company said Monday.
US commercial revenue jumped 149% to $764 million, while government revenue increased 90% to $809 million.
It expects US commercial revenue to exceed $3.42 billion this year, representing growth of at least 134%.
Open Intel, a platform tracking corporate involvement in what it describes as the genocidal war on Gaza, says Palantir has recruited former members of Unit 8200, Israel’s elite cyberintelligence division.