Palantir’s Shyam Sankar Says AI Is Experiential And If You Pay Consultants To Help You Think About Deployment ‘You’re Just Lighting Money On Fire’
Palantir Technologies Inc (NYSE:PLTR) shares have been on a tear ever since The company has been added to the S&P 500 index. The stock’s turn has followed a turn in the company’s fundamentals, and on Tuesday, the data analytics company’s CTO Shyam Sankar He acknowledged that the company is facing a surge in demand.
Delivering business value: “This is a unique moment for Palantir.” He said Sancar in an interview with CNBC. Businesses are seeing tailwinds, AI adoption is increasing, and enterprise automation is where the value and tool chain are, he said, adding, “It’s an overnight success for 10 years.”
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The foundational investments Palantir has made in ontologies are the prerequisites for putting these workflows into production quickly, from “attractive prototype to actual commercial value,” the executive said.
He cited a client of Palantir, a very large American insurance company, as testimony. the Alex KarpThe company’s leadership automates all insurance underwriting processes, reducing the time needed to do the process from two days to three hours. Not only does it save time, which is a first-order benefit, but the customer can reap the second-order benefit of differentiation from the competition, he said, adding that this represents a fundamental imbalance in the market.
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Handling large objects: Regarding Palantir’s advantages over larger competitors like Microsoft, IBM and Alphabet that all offer services to improve customer productivity, Sankar said all the value goes to companies that have built a tool chain that allows you to get to production quickly. “We’ve spent the better part of a decade building exactly that,” he said.
“You want to solve the whole problem; “You have to be able to solve the whole problem and provide regulators with transparency and assurance… They have to say yes this model can be in production, this workflow can be powered by AI,” he added.
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Sankar also took into account cultural differences that forced them to take different approaches to artificial intelligence. He noted that Europe looks like a “deer in the headlights” as it tries to think through the problem. “If there is anything about AI, it is fundamentally experimental; “You can’t think your way through it,” he said.
“If you’re paying consultants to help you think about how to deploy it, you’re just setting money on fire. You have to roll up your sleeves and get busy implementing it, and that’s the unique strength of American trading markets.”
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Affordability of AI: When asked if AI has become more affordable, Sankar said it has become more effective. “You get what you pay for, and people definitely look at us as a premium product, but when you get results in weeks instead of years, it’s obviously worth it,” he said.
He also spoke about the opportunity presented by worsening geopolitical tensions around the world. “We, as America, are in an undeclared state of emergency,” he said, referring to the massacre that occurred in Israel a year ago. ukraine war, Iran’s attack on US bases, and the Chinese Communist Party’s operations in the South China Sea.
“These are not isolated events; “There is an axis of autocrats lined up to confront Western and American interests here and we must rise to that occasion,” Palantir’s CTO said. “A big part of that is not just the work we’re doing with the military, enabling AI to eliminate change, enhancing deterrence to intimidate our enemies, but also to re-industrialize America,” he added.
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Photo: Corey Doctorow via Flickr.
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This article Shyam Sankar of Palantir says AI is experimental and if you pay consultants to help you think about deployment “you’re just lighting money on the fire.” Originally appeared on Benzinga.com
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