President Donald Trump praised Palantir Technologies Inc. for its 'great war-fighting capabilities and equipment' in a Truth Social post on Friday.
Trump's comments came after a segment on Fox Business discussing Michael Burry's bear case against Palantir, in which the money manager argued that rival Anthropic PBC is winning the race for enterprise AI spending.
Palantir's technology played a key role in the raid to capture Venezuelan strongman Nicolas Maduro, according to guest Michael Lee on the Fox Business segment.
The Pentagon has notified Anthropic that its products pose a risk to the US supply chain, but Anthropic is challenging the designation in court.
Palantir relies on the US government for the largest share of its revenue, with contracts worth close to $900 million with the Pentagon last year.
The Pentagon is planning to make Palantir's Maven Smart System a program of record, providing stable funding and resourcing for development and integration.
