一家17年 亏损的公司 却让华尔街疯狂追捧，非标品也能高毛利，最后竟成了它最深的护城河。 Palantir做了件"疯狂"的事：专门接别人不敢接的活 。 越定制，越赚钱 政府生意转民用，成功跨越第二曲线 AI时代再次赌对，华丽转身 当所有人都在讲降本增效、标准化、规模效应时， Palantir告诉我们：走向复杂也可以是出路。 本文 10000 字深度拆解，内含 5 个可复制的商业模式启发。 Palantir Technologies 商业模式深度分析报告 执行摘要 在追缉本 · 拉登的行动中，它曾帮助情报人员从海量数据中锁定关键信使；在俄乌战场上，它的算法被用 于实现 "Uber 式 " 的精准火力分配；在先进制造业的工厂里，它让毫无经验的工人几周内就能上手维修 复杂的机器。这家被称为硅谷 " 最神秘 " 的数据公司，就是 Palantir 。 国内常见：toG转toB，十有八九死在路上 Palantir：政府收入15.7亿，商业收入13亿，平分秋色 大多数公司：被AI冲击，焦虑转型求生存 Palantir：推出AIP平台，2024年美国商业收入暴增54% [2] 当今世界，无论是国家安全、全球供应链还是企业运 ...

Core Insights - The article discusses the evolution of modern warfare, highlighting the shift from traditional combat to algorithm-driven warfare, emphasizing the role of data link attacks and AI in military operations [1][5][8] - Palantir is positioned as a key player in this transformation, leveraging advanced algorithms for military and commercial applications, and has seen significant stock price appreciation due to its perceived value in the AI sector [5][8][10] Group 1: Military Applications - Recent conflicts, such as the Ukraine-Russia war, showcase the effectiveness of AI and data-driven strategies in military operations, with Ukraine successfully using drones to target Russian assets [3][5] - Palantir's technology has been instrumental in military intelligence, assisting the U.S. military in locating high-profile targets like Osama bin Laden through data analysis and modeling [5][43] Group 2: Company Overview - Founded in 2003, Palantir initially focused on securing contracts with the U.S. military, employing a strategy of providing free software to gain trust and build relationships within military ranks [10][12] - The company has diversified its offerings, providing customized AI solutions across various sectors, including defense, finance, and healthcare, with a significant portion of its revenue derived from government contracts [22][26] Group 3: Financial Performance - Palantir's stock has surged approximately 1500% since early 2023, driven by its strong performance in the AI market and a high price-to-earnings ratio of 520, placing it among the top tech companies in the U.S. [8][10] - The company reported a quarterly revenue of $884 million in Q1 2025, with an average revenue of over $4 million per customer, indicating a strong financial position [28][29] Group 4: Product Offerings - Palantir's core products include Gotham for military and intelligence analysis, Foundry for commercial data integration, AIP for AI-driven applications, and Apollo for software deployment and data security [30][66] - The company emphasizes customization in its services, deploying teams to understand client needs and create tailored AI systems, which distinguishes it from typical SaaS providers [24][30] Group 5: Market Position and Strategy - Palantir's unique approach to data integration and analysis, based on its ontology framework, allows it to create comprehensive solutions that address complex data challenges faced by enterprises [73][78] - The company has cultivated a strong following among retail investors, with a significant portion of its stock held by individual shareholders, reflecting its appeal as a "national fortune stock" in the U.S. [85][87]

Core Viewpoint - The graduation exhibitions from various art academies in China are gaining significant public attention, showcasing the integration of art with social issues and the impact of social media on their visibility [1][2][3] Group 1: Exhibition Highlights - The Central Academy of Fine Arts' exhibition "Walking Towards Light" and the China Academy of Art's "Seventy-Two Changes" are examples of how these events are breaking traditional boundaries and engaging with the public [1] - The work "Prayer" by a graduate from Sichuan Fine Arts Institute critiques consumerism and has garnered over 400,000 likes on social media, illustrating the dialogue between art and the audience [1][2] - The sculpture "Dripping Instrument" from the China Academy of Art merges natural water patterns with ancient Chinese compasses, showcasing the fusion of science and art [2] Group 2: Social Engagement and Interaction - Recent shifts in art academies' perspectives emphasize public interaction, transforming exhibitions into city-wide art festivals that include guided tours and lectures to make art more accessible [3] - The exhibitions span multiple locations, including various campuses and public venues, promoting a shared experience between educational achievements and community engagement [3] - The evolution of art from static works to dynamic events reflects a broader dialogue with society, allowing students to better understand social needs and define their career paths [3]