July 22nd, 2024 | 06:45 CEST
Palantir, VCI Global, C3.ai - Beneficiaries of the megatrend
The emergence of ChatGPT brought artificial intelligence into the mainstream. Since then, companies developing various AI services have been springing up like mushrooms. This trend will undoubtedly continue to gain momentum in the future, as various technologies are already too firmly anchored in the economy and society. Despite the current sideways movement on the stock markets, we should continue to keep an eye on the developments of listed players who are likely to benefit from this super cycle in the future.
time to read: 3 minutes
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Author:
Stefan Feulner
ISIN:
PALANTIR TECHNOLOGIES INC | US69608A1088 , VCI GLOBAL LIMITED | VGG982181031 , C3.AI INC | US12468P1049
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"[...] In Canada, there is $1.75 of debt for every dollar of disposable income - and that was true even before the pandemic. [...]" Karim Nanji, CEO, Marble Financial
Author
Stefan Feulner
The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.
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Palantir - A key player in the AI revolution
Controversial or not, data analysis specialist Palantir is, without a doubt, one of the favourites for the next AI wave. The reason is obvious. The Denver-based company has the ability to integrate and analyze vast amounts of data from various sources. Its platforms, such as Palantir Foundry and Palantir Gotham, enable companies and government organizations to understand complex data landscapes and make informed decisions.
In addition, the Company, led by Alex Karp, delivers scalable AI solutions tailored to its customers' specific needs. These solutions can process and analyze large amounts of data to provide valuable insights.
In a recent study, the analysts at Wedbush highlighted the great potential that Palantir's shares offer at the current level of USD 28.58, giving them a price target of USD 50 for the year 2025 with an "Outperform" rating.
"With artificial intelligence (AI) spending taking up more space in IT budgets as more organizations learn how to properly deploy this technology, we believe Palantir is in a prime position to expand its pipeline further as the Company delivers more use cases," Wedbush said.
VCI Global continues to expand
Malaysia-based diversified holding company VCI Global, which focuses on consulting, fintech, AI, robotics, and cybersecurity, is still relatively unknown. However, the Company, which is capitalized with just under USD 40 million, has big plans to strengthen its global presence and expand its business areas.
In addition to the start of the dual listing on the Frankfurt Stock Exchange, VCI Global, which is headquartered in Kuala Lumpur, has made several significant announcements in recent weeks. An agreement was signed to invest up to USD 30 million in TalkingData Group, a leading provider of big data analytics and AI-powered solutions. TalkingData supplies global brands such as Google, Yahoo, L'Oréal, PepsiCo, and Nike and plans to list on the US market in the near future. A cooperation with VCI Global is of great value here, as the TalkingData Group can utilize their expertise in the capital markets as well as in technology, especially in Southeast Asia.
The latest coup was the announcement of a strategic joint venture with Frankfurt-based Cogia AG, which specializes in artificial intelligence and secure communication solutions. The new entity will be named AiSecure Limited, with VCI owning 70% of the Company and being the sole owner of Cogia's secure messenger platform for governments and security-related organizations. Cogia will lead future development, including the integration of secure AI technology into the messenger. The two partners aim to develop AiSecure over the next 12-18 months to meet NASDAQ listing requirements.
C3.ai - Tackling growing bureaucracy
Who among us is not frustrated by the ever-growing bureaucracy, lack of information on new citizen programs, or wait times for seemingly easy-to-solve problems with services such as applying for an ID card, transferring a vehicle registration document, etc.?
C3.ai, led by Tom Siebel, who sold Siebel Systems to Oracle years ago, specializes in AI application software for businesses and is now declaring war on the high bureaucratic hurdles with the launch of "C3 Generative AI for Government Programs". The program provides a generative AI application that helps federal, state, and local governments quickly provide the public with accurate information about government programs ranging from healthcare to employment to financial assistance.
The goal is to eliminate service delays, shorten wait times, make contact centers more effective, and improve the citizen experience. By enabling the public to find answers directly through an intuitive search and chat interface, support centers are expected to receive fewer inquiries and be less burdened, allowing service staff to focus on more complex cases and inquiries.
The shares of the Company, valued at USD 3.38 billion, have risen by more than 37% to USD 27.83 after hitting a low of USD 20.23 in April. A significant resistance level is currently at USD 32.56, where the downward trend that has been in place since June 2023 is located. If this is broken, the price should move relatively quickly towards the USD 38.30 range.
Artificial intelligence has become an integral part of our lives. The data analysis company Palantir, which has been awarded a significant price target increase by analysts, plays a key role. C3.ai announced the launch of its C3 Generative AI platform, which makes communication with administrations much easier. VCI Global continues to strengthen its presence and has significantly expanded its market position in recent weeks.
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