By Katherine Hamilton
Shares of Palantir Technologies rose after it said it is starting a new project in the healthcare industry and has six new customers for its manufacturing product.
The stock advanced 8% to $85.66 on Friday. Shares have risen almost fourfold in the past 12 months.
Palantir said Friday it is launching an AI lab focused on healthcare financial performance. The lab is being done in partnership with R1, a revenue cycle management company that has expertise in healthcare payer-provider dynamics.
The lab is expected to automate revenue cycle operations for healthcare companies. R1 serves 94 of the top 100 U.S. health systems.
On Thursday, Palantir said it had six new customers using its Warp Speed product to accelerate on-shore manufacturing capabilities and improve fleet management. Those customers are Epirus, Red Cat, Saildrone, Saronic, Ursa Major and SNC.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
March 14, 2025 13:51 ET (17:51 GMT)
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