Palantir vs. Snowflake: Who's Winning in Artificial Intelligence (AI)?
One of the biggest themes fueling a sharp rebound in the market last year was artificial intelligence (AI). Applications such as ChatGPT have taken the world by storm, and megacap tech companies such as Microsoft, , Amazon, and Nvidia are spending billions to gain an edge in the AI arena.
Other software players making inroads in the space are often overlooked in relation to their larger peers. Two such companies in the data analytics space are taking very different approaches to AI. Let's take a look at how Snowflake (NYSE: SNOW) and Palantir Technologies (NYSE: PLTR) are competing in AI, and assess which company looks like the winner.
Palantir has long been considered a government contracting business given the company's close ties to the U.S. military and its Western allies. Although the company develops a host of software products, many Wall Street pundits remained skeptical of Palantir's tech chops. In fact, a short report published by The Bear Cave nine months ago went as far as labeling Palantir an "AI imposter."
Source Fool.com
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