Palantir Has Lost Its AI Moat. UBS Says Investors Are Missing the Bigger Story.

频道: GuruFocus（经 Yahoo Finance）
原文: https://finance.yahoo.com/technology/ai/articles/palantir-lost-ai-moat-ubs-124200267.html
原文语言: en
统计: 共 7 轮

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This article first appeared on GuruFocus.

本文首发于 GuruFocus。

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Palantir Technologies (NASDAQ:PLTR) continues to maintain a strong position in the artificial intelligence software market despite increasing competition from large language model developers and data platform provide.

尽管来自大语言模型开发商和数据平台提供商的竞争日益激烈，Palantir Technologies（NASDAQ:PLTR）在人工智能软件市场依然保持着强势地位。

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UBS analyst Karl Keirstead reiterated a Buy rating on Palantir and set a $200 price target following meetings with company executives and attendance at the firm's latest AIPCon customer conference.

UBS 分析师 Karl Keirstead 在与公司高管会面、出席该公司最新一届 AIPCon 客户大会后，重申了对 Palantir 的“买入”（Buy）评级，并将目标价定为 200 美元。

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The analyst said discussions with management highlighted the breadth of Palantir's platform and its focus on operational outcomes rather than simply deploying AI models.

该分析师表示，与管理层的讨论凸显出 Palantir 平台的广度，以及公司着眼于运营成果、而不仅仅是部署 AI 模型的取向。

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One area of focus among investors has been whether companies such as OpenAI, Anthropic and Databricks could replicate capabilities associated with Palantir's ontology layer, which helps organizations connect data with real-world business operations. Palantir told investors that its software stack extends well beyond data ingestion and AI model deployment.

投资者关注的焦点之一，是 OpenAI、Anthropic 和 Databricks 等公司能否复制与 Palantir 本体层（ontology layer）相关的能力——本体层帮助组织将数据与现实世界中的业务运营连接起来。Palantir 向投资者表示，其软件栈远远超出了数据接入和 AI 模型部署的范畴。

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UBS also pointed to customer feedback gathered during AIPCon. According to the firm, participants indicated that large language models currently do not offer the same capabilities for enterprise data workloads as Palantir's platform. One global systems integration partner described Palantir's action-oriented software architecture as providing a multi-year competitive advantage.

UBS 还援引了在 AIPCon 期间收集到的客户反馈。该行称，与会者表示，就企业数据工作负载而言，大语言模型目前尚无法提供与 Palantir 平台同等的能力。一家全球系统集成合作伙伴则认为，Palantir 以行动为导向的软件架构可带来多年的竞争优势。

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The analyst also noted that Palantir's AI-driven automation tools are helping improve productivity, accelerate software migrations and reduce implementation timelines for enterprise customers.

该分析师还指出，Palantir 的 AI 驱动型自动化工具正在帮助企业客户提升生产力、加快软件迁移，并缩短实施周期。