Palantir has seen strong growth since launching its AI platform (AIP) in April 2023. The stock is currently about 15% off its all-time high. AIP integrates large language models into their existing software to help clients analyze data and automate tasks. It seems to be working well, especially on the commercial side. Comparing Q1 2023 to their recent quarter, total revenue grew 269% to $1.94 billion. U.S. commercial revenue is the main driver here, up 614% from $107 million to $764 million. Their U.S. commercial customer count also jumped from 155 to 653. Management expects 134% full-year growth in the U.S. commercial sector. At this rate, their commercial revenue will likely overtake their government contracts by the end of the year.