🔒 AI and Data Privacy Concerns Raised by Knoxville Report

The report discusses AI’s implications on data privacy, emphasizing risks of unauthorized data usage, particularly in sectors like healthcare and finance. It highlights concerns around surveillance technologies and potential leaks, affecting users in various U.S. states. Key methods discussed include machine learning algorithms and data scraping techniques.

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Palantir Shares Fall After Record Run-Up Despite Sales Surge

Palantir shares fell about 3% in extended trading after earlier gaining as much as 7% following the report. The company had a price-to-sales ratio of 85 as of Friday — the highest in the S&P 500 Index. “All these numbers are completely disengaged from fundamentals,” D.A. Davidson’s Gil Luria said in an interview with Bloomberg Television.

Palantir Reports Booming U.S. Commercial Sales

Palantir’s sales to U.S. businesses hit $397 million in the third quarter, exceeding Wall Street’s expectations and growing 121% compared to the previous year,  the company reported Monday.

The U.S. commercial growth was a highlight of continued breakneck growth for Palantir, which has been the stock market’s best-performing software company and neared a $500 billion market capitalization

💰 Lambda Partners with Microsoft to Boost AI Infrastructure

Lambda’s multi-billion-dollar AI infrastructure deal with Microsoft is set to amplify cloud capabilities and development resources. This collaboration follows a $9.7 billion deal Microsoft made with IREN, enhancing data center operations. This strategic move impacts global tech development and resource allocation in AI sectors across countries.

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