Palantir expects $4.4 billion in 2025 sales, boosting its position as a leader in defence AI with major contracts and partnerships.

Michael Burry is the billionaire investor famous for predicting the 2008 housing crash immortalized in the book and movie titled, “The Big Short.” While he doesn’t always short stocks — Burry’s Scion Asset Management hedge fund just bet big on Molina Healthcare (NYSE:MOH) — it seems that Burry has turned his skeptical eye toward the

U.S. commercial revenue skyrocketed 121% year over year on soaring demand for the company's artificial intelligence (AI)-powered software platform.

Palantir Technologies forecast fourth-quarter revenue above analysts' estimates on Monday, as the rapid adoption of artificial intelligence boosts demand for its data analytics services from businesses and governments.

In 2005, Michael Burry placed a long-term $1 billion bet against the U.S. mortgage market, which led to the 2007 global financial crisis. His investment firm, Scion Asset Management, purchased

The joint venture, Aither, aims to help Dubai hit its target of generating 100 billion dirhams ($27 billion) annually through digital transformation initiatives.

Palantir sues former staff at AI startup Percepta, backed by General Catalyst, alleging they stole proprietary data to create "a version of Palantir."

Palantir Technologies Inc. broke records once again with its third-quarter earnings as the company’s artificial-intelligence offerings drove aggressive business growth and sent the stock climbing 5% in Monday’s extended session.

On Oct. 27, Palantir executed a major defense AI pact, one with major long-term implications for its broader AI war footing, which is likely to become a massive on-ramp to Palantir’s next leg higher. Poland just put Palantir on speed dial.

"Sometimes, we see bubbles." The post The Big Short Guy Just Bet $1 Billion That the AI Bubble Pops appeared first on Futurism.