Palantir (PLTR) was in focus on Thursday as the tech giant said it had received a notable authorization from the U.S. government, and investor Michael Burry weighed in on the stock.
The Denver-based company said it had received authorization from the Defense Information Systems Agency, or DISA, to extend Palantir Federal Cloud Service Forward Level 5 and Impact Level 6 Provisional Authorizations to include on-premises and edge deployments. This allows Palantir’s tech stack, including its various platforms, such as its Artificial Intelligence Platform, to be used on-premise and at the edge on any hardware.
It allows the U.S. government to take a hardware-agnostic approach and gives it the ability to deploy multiple vendor architectures for mission-critical work.
“The future of warfighting demands software that can operate anywhere—from enterprise data centers to the tactical edge,” said Akash Jain, President and CTO, Palantir USG, in a statement. “PFCS Forward delivers on that promise with a hardware-agnostic authorization that enables mission-critical capabilities to be deployed with the survivability and resilience our warfighters need. We’re proud to continue our work with DISA to give the U.S. Government the flexibility to bring cutting-edge technology wherever the mission demands. This opens the door for true multivendor architectures at the edge, bringing best-of-breed commercial technology to critical national security missions with unprecedented speed.”
Separately, on Thursday, investor Michael Burry issued a cautious report on Palantir on his investment website. Burry said earlier this month that he was “working on something” related to Palantir.
Palantir shares were fractionally higher in premarket trading.