Palantir Slips on Report US DOD Testing AI Model from Microsoft

Palantir Technologies Inc. shares slipped as much as 3.6% intraday Monday after The Information reported that the US Department of Defense has been testing AI models from Microsoft and OpenAI.

• The AI models aim to extract data from analytics applications operated by contractors like Palantir and Lockheed Martin, per the report
• Shares of Lockheed Martin pared an earlier gain to trade about 0.3% higher; Microsoft stock also declined to trade up about 0.3%

To contact the reporter on this story:
Carmen Reinicke in New York at creinicke@bloomberg.net

To contact the editors responsible for this story:
Matt Turner at mturner107@bloomberg.net

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