Palantir Technologies Inc (NYSE:PLTR) reported a dramatic expansion in customer spending, with one equipment rental company increasing its annual recurring revenue twelvefold in less than eight months after implementing the company’s artificial intelligence platform, highlighting the rapid adoption of AI in enterprise operations. What Happened: The data analytics company, which joined the S&P 500 index in September, announced Monday that its third-quarter revenue surged 30% to $725.52 million, exceeding analyst expectations of $701.13 million. “Given how strong our results are, I almost feel l…
