Palantir Sees Generative AI Growth Coming From U.S., Not Europe

News Snapshot:

Data analytics software maker Palantir Technologies (PLTR) may indeed see upside from its push into "generative" artificial intelligence. But early signs are that whatever new revenue growth Palantir stock sees from generative AI, it'll be from U.S. customers, not Europe. X Palantir gets roughly 18.5% of revenue from Europe, according to FactSet estimates. So it's an important market to watch for the maker of surveillance software. In fact, the European Union has moved much faster than the U.S. in regulating artificial intelligence. The EU's Artificial Intelligence Act, passed in December, demands transparency and imposes requirements on companies designing, and/or using...