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Palantir Technologies Inc. (PLTR) Poised for Growth as Biden Administration Advances AI Infrastructure with Executive Order
We recently compiled a list of the Top 10 AI Stocks on Latest Analyst Ratings and News. In this article, we are going to take a look at where Palantir Technologies Inc. (NASDAQ:PLTR) stands against the other AI stocks.
As President Joe Biden nears the end of his term, he is issuing a series of executive orders. In the latest, the President has signed an order to provide federal support to address the massive energy needs of fast-growing advanced artificial intelligence data centers.
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The order will allow federal land owned by the Defense and Energy departments to host gigawatt-scale AI data centers and new clean power facilities. According to Biden, the order will “accelerate the speed at which we build the next generation of AI infrastructure here in America, in a way that enhances economic competitiveness, national security, AI safety, and clean energy”.
According to the order, companies tapping federal land for AI data centers must also purchase an “appropriate share” of American-made semiconductors. These purchases will be decided on a case-by-case basis.
“It’s really vital that we ensure that the AI industry can build out the infrastructure for training and using powerful AI models here in the United States”.
Several known names, including OpenAI Senior Vice President of Global Affairs Chris Lehane, have commended this effort. Lehane also called out for cultivating a robust domestic infrastructure for the growing U.S. artificial intelligence sector.
“So what you get with the Biden administration today is — at least from a signaling perspective — on federal land, trying to short the timeline between when you can get your project shovels in the ground and then the project going forward”.
According to Lehane, the incoming Trump administration sees AI through two lenses — national security and economic security. He hopes that both sides of the coin will amalgamate into a national strategy.
AI Company OpenAI has also recently laid out its vision for artificial intelligence development in the U.S. According to the company, the US needs investment from abroad and supportive regulation to stay ahead of China in the race for nascent technology. In a 15-page document called the “Economic Blueprint”, it said that “Chips, data, and energy are the keys to winning AI” and that the U.S. needs to act now to craft nationwide rules that can help secure its advantage.
Palantir Technologies Inc. (PLTR) Poised for Growth as Biden Administration Advances AI Infrastructure with Executive Order
As the Biden administration continues to prioritize the advancement of artificial intelligence (AI) infrastructure in the United States, companies like Palantir Technologies Inc. (PLTR) are set to benefit from the increased focus on AI technologies.
On February 24, 2021, President Biden signed an executive order aimed at boosting the country’s AI capabilities and ensuring that the U.S. remains a global leader in AI innovation. The order includes initiatives to promote AI research and development, expand AI education and training programs, and increase access to AI resources for federal agencies.
Palantir Technologies, a leading AI software company known for its data analytics and integration platforms, stands to benefit from the administration’s efforts to bolster AI infrastructure. The company’s technology is already used by government agencies, defense contractors, and private sector companies to analyze and interpret large volumes of data, making it a key player in the AI ecosystem.
With the Biden administration’s renewed focus on AI, Palantir Technologies is well-positioned to capitalize on the growing demand for advanced data analytics solutions. The company’s strong track record in providing AI-driven insights and its established relationships with government agencies make it a promising investment for investors looking to capitalize on the AI boom.
In conclusion, Palantir Technologies Inc. (PLTR) is poised for growth as the Biden administration advances AI infrastructure with its recent executive order. With its cutting-edge technology and proven track record in the AI space, the company is well-positioned to benefit from the increasing demand for AI solutions in the public and private sectors. Investors looking to capitalize on the growth of the AI industry should keep a close eye on Palantir Technologies as it continues to expand its presence in the market.
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Palantir Technologies Inc., PLTR, Biden administration, AI infrastructure, executive order, growth potential, data analytics, government contracts, technology sector, machine learning, artificial intelligence, big data, cybersecurity, government partnerships
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