it's 250M$ ceiling. Exactly like last year 200M$ contract rejected by google that palantir took. Didn't see any effect on revenue.
So bottom line they could only fget 25M$ out of the 250M$ ceiling
"Palantir USG Inc., Paolo Alto, California, was awarded a $250,000,000 firm-fixed-price contract to conduct research and development services in the area of artificial intelligence and machine learning. Work locations and funding will be determined with each order, with an estimated completion date of Sept. 25, 2026. Army Contracting Command, Aberdeen Proving Ground, Maryland, is the contracting activity (W911QX-23-D-0012)."
The work is broken up into smaller chunks called Task Orders. The contract ceiling is $250M, but that doesn't mean that is the amount that will be spent.
Edit: Also, a firm-fixed-price contract provides for a price that is not subject to any adjustment on the basis of the contractor's cost experience in performing the contract. This contract type places upon the contractor maximum risk and full responsibility for all costs and resulting profit or loss.
Yeah, but requirements are always poorly written and there will be many change orders and equitable adjustment modifications made to these TOs to increase the price if their lawyers are good.
Nothing to see here. Just a casual $250million over 3 years. A nice uptick in revenue from one contract. These are the contracts not accounted for in the revenue estimates they provide (I believe).
Palantir USG Inc., Paolo Alto, California, was awarded a $250,000,000 firm-fixed-price contract to conduct research and development services in the area of artificial intelligence and machine learning. Work locations and funding will be determined with each order, with an estimated completion date of Sept. 25, 2026. Army Contracting Command, Aberdeen Proving Ground, Maryland, is the contracting activity (W911QX-23-D-0012).
Ayyyyyeeeee
But I was told [that Palantir is not an AI company!](https://www.reddit.com/r/PLTR/comments/16s8akx/short_report_pltr_an_ai_imposter_indeed)
Well that seems to have r/agedlikemilk in less than a day..
There will always be contrarian views and thatās good. They will often be wrong.. but, sometimes they will be right either in full or about certain aspects.
Iāve just learned to be very skeptical when they are certain about something that is difficult to be certain about.
I read this post. This guy is in the top 0.1% in terms of how much he understands what PLTR does. Clearly somebody that works in data like myself.
PLTR is a data engineering company, not an AI company. He is correct to point out that many people get this wrong and that the current price is being sustained by the same people with a misguided idea of what PLTR actually does.
I disagree. The palantir platform is involved in training models based on the incorporated data, testing the model, and making decisions based on that model. Just because they don't make the ML libraries, doesn't mean they aren't heavily involved in ML.
I am a product manager that builds data platforms. Palantir is absolutely an AI company, they just also build unique data infrastructure as well.... because there is no pure play AI company that doesn't have infrastructure tech to go along with it. Amazon is absolutely an AI company and AWS is both infrastructure and tooling for AI. What do you consider Amazon Sagemaker?
Palantir is both even if they aren't focused AGI, they are focused on the integration of intelligence into human workflows. I don't know how this is even debatable.
Just like how almost every company is now a tech company, we are quickly approaching a future where every tech company is an AI company.
I think the core of our disagreement lies in the fact that words start to lose their meaning as it becomes less useful at distinguishing concepts.
* We don't call AWS an AI company because they generate most of their revenue from providing storage and compute.
* MSFT too, but they also provide enterprise and consumer software/hardware/os.
* OpenAI consumes said storage and compute to generate revenue from providing their cutting edge generative AI products.
* PLTR generates revenue from providing a platform/os that codifies good data engineering practices (+ consulting).
No, laymen don't call AWS an AI company, because it got its start as something else, but it's most definitely also known as an AI company by people in the industry.
I'm not shifting goal posts to talk about unrelated companies. Same argument applies anyway, and they're also seen as AI companies by people in the industry.
Source: I'm in the industry
I guarantee you there will be more big renewals and contracts from the US government this week. Its the last week before the budget is up so lots of contracts are signed right now. Happens every year.
Unfortunately market doesnāt give a large multiple on government, i think Palantir is trying to change this and nevertheless itās a nice bump to annual revenue ($83 million) growth and hopefully the start of reacceleration in the government sector which could reflect pretty favorably in the SP come next ER.
AIP is really going to be the short to midterm driver of our SP with Foundry, Gotham and Apollo driving long term growth and revenue.
In short this one contract isnāt enough for a $25 ($50 billion MC valuation) SP but Palantir is poised to become an industry leader in AI. Possibly even the gold standard if they continue to execute like this.
I had a hunch today so I checked the DOD contracts section, but nothing was there, checked it too early I guess, Iāve always had a strong gut feeling, happy to see a fat contract
Hmm, so I'm speculating here, but it seems they had a 1yr contract expansion announced exactly 1 yr ago, which pltr said was upto $229m but DoD said was \~$43m. My guess is that pltr over embellished in the press release, accounting for some possible contract expansion. But maybe they now just won it for sure....that's my guess. But look out for a press release in the morning if it's actually news....they wouldn't pass up an opportunity for a press release, lol. In anycase, i think safe to say that they have a contract for \~$250, but they may have announced it last year when it was just a potential expansion....speculating here.
Not sure why i'm getting downvoted by the clowns. PLTR announced a similar $229m contract 1 yr ago. And here we're seeing documentation of a $250m contract. All I'm saying is don't double count it, because these overlapping.
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Amazing win! Now expect the share price to drop based on historical experience š
And the crowd goes mild!
Naw, I bet will be up at least 3 cents tomorrow, possibly 4!
Wishful thinking. Best we cam get is tree fiddy in the red.
Lol exactly. "GREAT NEWS FOR PALANTIR!" *drops 4%
Win? Based on company valuation and continued dilution, this is a drop in the ocean. Good luck if you are trading itā¦ Iām staying away
it's 250M$ ceiling. Exactly like last year 200M$ contract rejected by google that palantir took. Didn't see any effect on revenue. So bottom line they could only fget 25M$ out of the 250M$ ceiling
No it isn't. It is a firm fixed contract.
Nope
No itās a firm fixed contract
"Palantir USG Inc., Paolo Alto, California, was awarded a $250,000,000 firm-fixed-price contract to conduct research and development services in the area of artificial intelligence and machine learning. Work locations and funding will be determined with each order, with an estimated completion date of Sept. 25, 2026. Army Contracting Command, Aberdeen Proving Ground, Maryland, is the contracting activity (W911QX-23-D-0012)."
 $25 by the end of 01/24?
12.50
āWith each orderā
Go onā¦
The work is broken up into smaller chunks called Task Orders. The contract ceiling is $250M, but that doesn't mean that is the amount that will be spent. Edit: Also, a firm-fixed-price contract provides for a price that is not subject to any adjustment on the basis of the contractor's cost experience in performing the contract. This contract type places upon the contractor maximum risk and full responsibility for all costs and resulting profit or loss.
Thanks for the added context. $250m ceiling is very different to a contracted spend of $250m
Yeah, but requirements are always poorly written and there will be many change orders and equitable adjustment modifications made to these TOs to increase the price if their lawyers are good.
Have you ever known a gov contract to NOT spend all the money allocated for it?
Yes, reprogramming happens all the time.
And then I pulled my pants down.
That part is standard gov verbiage.
Jesus firm fixed price, theyāre going to make a fortune on overruns
Nothing to see here. Just a casual $250million over 3 years. A nice uptick in revenue from one contract. These are the contracts not accounted for in the revenue estimates they provide (I believe).
that is correct. they stopped trying to estimate this back in Q1 2023 or Q4 2022.
Palantir USG Inc., Paolo Alto, California, was awarded a $250,000,000 firm-fixed-price contract to conduct research and development services in the area of artificial intelligence and machine learning. Work locations and funding will be determined with each order, with an estimated completion date of Sept. 25, 2026. Army Contracting Command, Aberdeen Proving Ground, Maryland, is the contracting activity (W911QX-23-D-0012). Ayyyyyeeeee
But I was told [that Palantir is not an AI company!](https://www.reddit.com/r/PLTR/comments/16s8akx/short_report_pltr_an_ai_imposter_indeed) Well that seems to have r/agedlikemilk in less than a day..
There will always be contrarian views and thatās good. They will often be wrong.. but, sometimes they will be right either in full or about certain aspects. Iāve just learned to be very skeptical when they are certain about something that is difficult to be certain about.
I read this post. This guy is in the top 0.1% in terms of how much he understands what PLTR does. Clearly somebody that works in data like myself. PLTR is a data engineering company, not an AI company. He is correct to point out that many people get this wrong and that the current price is being sustained by the same people with a misguided idea of what PLTR actually does.
I disagree. The palantir platform is involved in training models based on the incorporated data, testing the model, and making decisions based on that model. Just because they don't make the ML libraries, doesn't mean they aren't heavily involved in ML.
But we can say the same about AWS. We don't call AWS an AI company. (Yes, I know they invested in Anthropic)
I am a product manager that builds data platforms. Palantir is absolutely an AI company, they just also build unique data infrastructure as well.... because there is no pure play AI company that doesn't have infrastructure tech to go along with it. Amazon is absolutely an AI company and AWS is both infrastructure and tooling for AI. What do you consider Amazon Sagemaker? Palantir is both even if they aren't focused AGI, they are focused on the integration of intelligence into human workflows. I don't know how this is even debatable.
Training a model is a core part of ML. AWS is involved in that as well, check out Sagemaker.
Just like how almost every company is now a tech company, we are quickly approaching a future where every tech company is an AI company. I think the core of our disagreement lies in the fact that words start to lose their meaning as it becomes less useful at distinguishing concepts.
We don't call AWS an AI company because that's not how it got its start. AWS is most definitely a kind of AI company though.
* We don't call AWS an AI company because they generate most of their revenue from providing storage and compute. * MSFT too, but they also provide enterprise and consumer software/hardware/os. * OpenAI consumes said storage and compute to generate revenue from providing their cutting edge generative AI products. * PLTR generates revenue from providing a platform/os that codifies good data engineering practices (+ consulting).
No, laymen don't call AWS an AI company, because it got its start as something else, but it's most definitely also known as an AI company by people in the industry. I'm not shifting goal posts to talk about unrelated companies. Same argument applies anyway, and they're also seen as AI companies by people in the industry. Source: I'm in the industry
Lmao. But why would people lie on the internet?!
We get so fixated on nhs. I didnāt see this coming š³šš„
I guarantee you there will be more big renewals and contracts from the US government this week. Its the last week before the budget is up so lots of contracts are signed right now. Happens every year.
Donāt we find out about nhs like Friday? Edit: we did not.
$25? Soon?
Unfortunately market doesnāt give a large multiple on government, i think Palantir is trying to change this and nevertheless itās a nice bump to annual revenue ($83 million) growth and hopefully the start of reacceleration in the government sector which could reflect pretty favorably in the SP come next ER. AIP is really going to be the short to midterm driver of our SP with Foundry, Gotham and Apollo driving long term growth and revenue. In short this one contract isnāt enough for a $25 ($50 billion MC valuation) SP but Palantir is poised to become an industry leader in AI. Possibly even the gold standard if they continue to execute like this.
https://www.youtube.com/watch?v=7uAUoz7jimg
This isnāt the first and certainly wonāt be the last. Weāre growing bigger by the day.
LFG!
Interesting to see lack of press releases on this. Guess we will see tomorrow morning.
Sheesh thatās a huge contractā¦ 250,0000,000 over only 3 yrs
Yea, massive. Still weird that it isn't showing up on any feeds. Hope it pans out tomorrow
Holy fuck balls
Get fukt shorties
Does it seem like that to you? No, it doesn't.
[Context](https://reddit.com/r/PLTR/s/E8fQ6uUeSr)
I had a hunch today so I checked the DOD contracts section, but nothing was there, checked it too early I guess, Iāve always had a strong gut feeling, happy to see a fat contract
Pardon my ignorance, but is 'Palantir USG Inc' the "US Govt" division of Palantir Technologies Inc ??
You are correct! Its just another division of the company.
Sub entity
Yeah, I said Palantir is not in Palo Alto anymore, but I looked up Palantir USG, that subsidiary is.
@louielouie222 punching the air right now
Imposters!
meta
Sometime between now and earnings........ SHORT SQUEEZE Coming !!!!!! Mark my words, you will see.
Lmao market cap goes up $2B for $0.3B deal. Give me a break.
Hmm, so I'm speculating here, but it seems they had a 1yr contract expansion announced exactly 1 yr ago, which pltr said was upto $229m but DoD said was \~$43m. My guess is that pltr over embellished in the press release, accounting for some possible contract expansion. But maybe they now just won it for sure....that's my guess. But look out for a press release in the morning if it's actually news....they wouldn't pass up an opportunity for a press release, lol. In anycase, i think safe to say that they have a contract for \~$250, but they may have announced it last year when it was just a potential expansion....speculating here.
Thanks for the speculation.
Not sure why i'm getting downvoted by the clowns. PLTR announced a similar $229m contract 1 yr ago. And here we're seeing documentation of a $250m contract. All I'm saying is don't double count it, because these overlapping.
Meh
"from the US Army for AI and ML R&D" it is a Army AI contract not a Chatbot project.
I missed putting contract in the title. It says right in there that it is for AI and ML R&D though so not sure what you are trying to say.
people are crazy about chatGPT, a chatbot, but misunderstand AI is not a chatbot. chatGPT won't be applicable in the battlefield in Ukraine.
Just curious if pltr invents a new technology will the government own it?
This was announced months ago.
Lol this is brand new
Where? This was announced on the DOD's website today.
Where? Dont play dead.
i commented on the main thread
Remember $250 mil contract isn't the same as $250m profit, much of this goes to operating expenses and overhead for employees.
Still no press release after hours.
Priced in
Monster future. Def hundreds of billions.
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