Latest news with #BlueForgeAlliance
Daily Mail
3 days ago
- Business
- Daily Mail
Dirty Jobs host Mike Rowe warns as fear grips on US workforce
Mike Rowe, the former host of Discovery Channel's Dirty Jobs, sounded the alarm on the nation's shortage of blue collar workers in the face of emerging technology. Speaking at the Pennsylvania Energy and Innovation Summit, Rowe suggested that trade-based jobs may be the solution to the artificial-intelligence driven jobs apocalypse. 'We've been telling kids for 15 years to code. "Learn to code," we said,' he told audience members. 'Yeah, well AI is coming for the coders.' It is not, however, 'coming for the welders... the plumbers, the steamfitters or the pipefitters' or even 'the electricians' as these industries face major labor shortages. Rowe even claimed that BlackRock CEO Larry Fink once told him the nation needs 500,000 more electricians over the next few years. 'Not a week goes by that the Blue Forge Alliance, who oversees our maritime industrial base - that's 15,000 individual companies who are collectively charged with building and delivering nuclear-powered subs to the Navy ... calls and says "We're having a hell of a time finding tradespeople. Can you help?" 'I said, "I don't know man... how many do you need?" He says 140,000,' Rowe recounted, telling audience members how there is an urgent need for at least 80,000 technicians right now. 'These are our submarines,' he emphasized. 'Things go hypersonic, a little sideways with China, Taiwan, our aircraft carriers are no longer the point of the spear. They're vulnerable. Our submarines matter, and these guys have a pinch point because they can't find welders and electricians to get them built.' Rowe went on to say that the automotive industry is in need of 80,000 collision repair and technicians, while the energy sector needs somewhere between 300,000 to 500,000 more employees. Manufacturers are also having trouble finding workers, with about 400,000 jobs currently unfilled, according to the Bureau of Labor Statistics. 'That's the underlying thing that I hope people really take from this conference,' he said, adding: 'There is a clear and present freak out going on right now. I've heard from six governors over the last six months. I've heard from the heads of major companies. It's like a memo went out and people are realizing, "You know something, we need to tend to this."' Rowe then concluded his speech by telling 'young men and women in this state that a bright future awaits if they... learn a skill that's in demand. 'That's going to resonate politically, that's going to resonate practically. It's gonna move the needle,' he vowed. Rowe's speech comes just weeks after the New York Times reported on manufacturers' concerns attracting and retaining workers. It noted that some companies need to use specialized equipment that requires employees to have extensive training and familiarity with the software - which is becoming increasingly harder to find as fewer young people attend vocational school. 'For every 20 job postings that we have, there is one qualified applicant right now,' lamented David Gitlin, chairman and chief executive of Carrier Global - which produces air conditioners and furnaces. But his job will likely see a growth in demand with the rise of artificial intelligence, as the massive data centers are built with cooling systems called chillers. In total, Gitlin estimates that each AI data center would require four technicians to maintain a single chiller. And as these data centers grow, more and more white-collar workers may soon find themselves without a job. Earlier this month, Ford Motors CEO Jim Farley even predicted that artificial intelligence will ' replace literally half of all white-collar workers in the US.' 'AI will leave a lot of white-collar people behind,' he told Walter Isaacson at the Aspen Ideas Festival, shortly after Amazon CEO Andy Jassy announced future workforce cuts were likely as the company continues to implement AI in its operations. More recently, it was announced that Indeed and Glassdoor, the hiring and public HR platforms that have transparently connected employers with online applicants, will replace six percent of its staff with AI. Most of Indeed and Glassdoor's layoffs are expected to hit US workers, particularly in research and development, HR, and sustainability teams, according to an internal memo obtained by Indeed CEO Hisayuki 'Deko' Idekoba said the cuts include some leadership shakeups. He wrote in an email to staff that 'AI is changing the world.' 'We must adapt by ensuring our product delivers truly great experiences for job seekers and employers,' he added.
Yahoo
4 days ago
- Business
- Yahoo
Here Is What You Need To Know Before Investing In Palantir Technologies Inc. (PLTR)
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the 13 Best Booming Stocks to Buy Now. The company specializes in software platforms for data analytics, which are used by government agencies, financial institutions, and several large corporations. A software engineer manipulating a vast network of code on virtual monitors. According to reports this week, the Czech National Bank has significantly increased its holdings in Palantir Technologies Inc. (NASDAQ:PLTR) by purchasing an additional 49,135 shares. Analysts believe the increased investment underscores the bank's commitment to align itself with innovative companies and is a recognition of the importance of making data-driven decisions. Earlier this month, Palantir Technologies Inc. (NASDAQ:PLTR), together with BlueForge Alliance (BFA), announced the launch of Warp Speed for Warships, a program aimed at accelerating warship production, digital transformation, and speed readiness. The initiative is backed by the U.S. Navy's Maritime Industrial Base (MIB) Program and builds on the collaboration between PLTR and BFA on powering high-velocity shipbuilding, maintaining a strong fleet, and rebuilding American maritime superiority. The stock has had impressive returns in 2025, increasing 90.36% year-to-date, as of July 9. However, Wall Street analysts have a consensus Hold rating for Palantir Technologies Inc. (NASDAQ:PLTR) and anticipate a 28% downside in its share price ahead, suggesting that the rally may have stretched too far. While we acknowledge the potential of PLTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 13 Best German Stocks to Invest in Now and Goldman Sachs Stock Portfolio: 10 Large-Cap Stocks To Buy. Disclosure: None.
Daily Mail
4 days ago
- Business
- Daily Mail
Dirty Jobs host Mike Rowe sounds alarm about his fear gripping backbone of America's workforce
Mike Rowe, the former host of Discovery Channel's Dirty Jobs, sounded the alarm on the nation's shortage of blue collar workers in the face of emerging technology. Speaking at the Pennsylvania Energy and Innovation Summit, Rowe suggested that trade-based jobs may be the solution to the artificial-intelligence driven jobs apocalypse. 'We've been telling kids for 15 years to code. "Learn to code," we said,' he told audience members. 'Yeah, well AI is coming for the coders.' It is not, however, 'coming for the welders... the plumbers, the steamfitters or the pipefitters' or even 'the electricians' as these industries face major labor shortages. Rowe even claimed that BlackRock CEO Larry Fink once told him the nation needs 500,000 more electricians over the next few years. 'Not a week goes by that the Blue Forge Alliance, who oversees our maritime industrial base - that's 15,000 individual companies who are collectively charged with building and delivering nuclear-powered subs to the Navy ... calls and says "We're having a hell of a time finding tradespeople. Can you help?" 'I said, "I don't know man... how many do you need?" He says 140,000,' Rowe recounted, telling audience members how there is an urgent need for at least 80,000 technicians right now. 'These are our submarines,' he emphasized. 'Things go hypersonic, a little sideways with China, Taiwan, our aircraft carriers are no longer the point of the spear. They're vulnerable. 'Our submarines matter, and these guys have a pinch point because they can't find welders and electricians to get them built.' Rowe went on to say that the automotive industry is in need of 80,000 collision repair and technicians, while the energy sector needs somewhere between 300,000 to 500,000 more employees. Manufacturers are also having trouble finding workers, with about 400,000 jobs currently unfilled, according to the Bureau of Labor Statistics. 'That's the underlying thing that I hope people really take from this conference,' he said, adding: 'There is a clear and present freak out going on right now.' 'I've heard from six governors over the last six months. I've heard from the heads of major companies. It's like a memo went out and people are realizing, "You know something, we need to tend to this."' Rowe then concluded his speech by telling 'young men and women in this state that a bright future awaits if they... learn a skill that's in demand. 'That's going to resonate politically, that's going to resonate practically. It's gonna move the needle,' he vowed. Rowe's speech comes just weeks after the New York Times reported on manufacturers' concerns attracting and retaining workers. It noted that some companies need to use specialized equipment that requires employees to have extensive training and familiarity with the software - which is becoming increasingly harder to find as fewer young people attend vocational school. 'For every 20 job postings that we have, there is one qualified applicant right now,' lamented David Gitlin, chairman and chief executive of Carrier Global - which produces air conditioners and furnaces. But his job will likely see a growth in demand with the rise of artificial intelligence, as the massive data centers are built with cooling systems called chillers. In total, Gitlin estimates that each AI data center would require four technicians to maintain a single chiller. And as these data centers grow, more and more white-collar workers may soon find themselves without a job. Earlier this month, Ford Motors CEO Jim Farley even predicted that artificial intelligence will ' replace literally half of all white-collar workers in the US.' 'AI will leave a lot of white-collar people behind,' he told Walter Isaacson at the Aspen Ideas Festival, shortly after Amazon CEO Andy Jassy announced future workforce cuts were likely as the company continues to implement AI in its operations. More recently, it was announced that Indeed and Glassdoor, the hiring and public HR platforms that have transparently connected employers with online applicants, will replace six percent of its staff with AI. Most of Indeed and Glassdoor's layoffs are expected to hit US workers, particularly in research and development, HR, and sustainability teams, according to an internal memo obtained by Indeed CEO Hisayuki 'Deko' Idekoba said the cuts include some leadership shakeups. He wrote in an email to staff that 'AI is changing the world.' 'We must adapt by ensuring our product delivers truly great experiences for job seekers and employers,' he added.
Yahoo
6 days ago
- Business
- Yahoo
Palantir Just Launched Warp Speed for Warships. Does That Make PLTR Stock a Buy?
Defense stocks often fly under the radar, but when innovation and military demand collide, the potential upside can be massive. From shipbuilders to software providers, companies serving the U.S. Department of Defense are increasingly tapping into AI-driven tools to accelerate performance and gain long-term contracts. One such company is Palantir Technologies (PLTR), which has gained significant traction in a short time thanks to its deepening ties with the U.S. military. Shopify Stock is a Bargain - How to Make a 3.2% One-Month Yield with SHOP This Analyst Just Doubled His Price Target on AMD Stock How High Can Nvidia Stock Go as Jensen Huang Heads to China? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! The company just took a major leap forward with the launch of Warp Speed for Warships, a new initiative in collaboration with the U.S. Navy and the BlueForge Alliance. Designed to digitally transform America's maritime supply chain and shipbuilding ecosystem, the program aims to accelerate warship production and bolster national defense readiness using Palantir's AI‑powered platforms. With PLTR stock already sitting near all-time highs and institutional buying surging, the launch of Warp Speed could mark a pivotal moment. Here's what investors need to know about Palantir's bold defense push. Founded in 2003, Palantir Technologies is a tech company that develops software platforms for the intelligence community and commercial enterprises globally. The company offers several key products, including Palantir Gotham, Foundry, Apollo, and the Artificial Intelligence Platform (AIP). The company has a market cap of around $335 billion for now. After delivering a strong performance in the previous year, Palantir's shares have continued their upward trajectory in 2025. Despite a broader market selloff, the stock has managed to climb more than 94% year to date, making it the top-performing S&P 500 Index ($SPX) stock this year. At the same time, Palantir's stock currently trades at lofty multiples. PLTR's forward price-earnings ratio stands at around 389 times earnings, reflecting very high growth expectations. Palantir Technologies is expanding its defense business through a major new initiative called 'Warp Speed for Warships,' launched in partnership with the U.S. Navy and BlueForge Alliance. The program aims to connect shipbuilders, suppliers, and defense partners via a real-time digital network to improve delivery speed, coordination, and supply chain efficiency. Funded by the Navy's Maritime Industrial Base office, the initiative extends Palantir's focus beyond submarines to include surface warships. BlueForge's co-CEO said the effort provides U.S. industry with the digital tools needed to meet rising defense demands. Beyond warships, Palantir is gaining traction with other defense contracts. The Pentagon raised its Maven Smart System deal with Palantir by $795 million in May, boosting the total to $1.3 billion through 2029. The company also landed a NATO Maven contract, signaling broader global adoption. Together, these deals reinforce Palantir's growing role in modern military technology. On May 15, Palantir delivered first-quarter results that easily topped expectations across the board. Revenue surged 39% year-over-year to $884 million, with strong momentum in its core U.S. business. Domestic revenue jumped 55% to $628 million, fueled by a massive 71% gain in U.S. commercial sales, which hit $255 million. Government sales weren't far behind, rising 45% to $373 million. Even more impressive was Palantir's profitability. The company posted GAAP operating income of $176 million, or $0.13 on an adjusted basis, good for a 20% margin, while net income came in at $214 million, or a 24% margin. Cash generation was also robust. Palantir pulled in $310 million in operating cash and $370 million in free cash flow, with conversion margins of 35% and 42%, respectively. Management sounded upbeat about the year ahead, raising its full-year revenue forecast to between $3.89 billion and $3.902 billion, reflecting 36% growth. Last week, Wedbush analyst Dan Ives reiterated an 'Outperform' rating on Palantir and raised his 12-month price target to $160, up from $140. The new target implies about 8.5% upside. Ives described Palantir as the 'Messi of AI,' citing a potential $1 billion opportunity in the U.S. commercial sector and continued strength in federal adoption. However, most Wall Street analysts remain cautious. The consensus rating on PLTR stock is still 'Hold,' with many believing the stock has risen too far above its intrinsic value. Based on the average price target of around $106, analysts see a potential downside of around 28%. On the date of publication, Nauman Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Globe and Mail
02-07-2025
- Business
- Globe and Mail
BlueForge Alliance and Palantir Launch Warp Speed for Warships to Digitally Transform the U.S. Maritime Industrial Base
BlueForge Alliance (BFA), the nonprofit integrator supporting the U.S. Navy's efforts to strengthen the maritime industrial base, and Palantir Technologies Inc. (Nasdaq: PLTR) today announced the launch of Warp Speed for Warships, a bold new program envisioned to accelerate warship production, fleet readiness, and digital transformation. Warp Speed for Warships is funded by the U.S. Navy's Maritime Industrial Base (MIB) Program and is an extension of a strategic collaboration between BFA and Palantir focused on powering high-velocity shipbuilding, sustaining a powerful fleet, and reestablishing American maritime dominance. Powered by Palantir's proven Warp Speed manufacturing operating system, Warp Speed for Warships is designed to accelerate shipbuilding modernization and readiness by digitally taking the first steps to better connect the network of shipbuilders, suppliers, and critical partners responsible for building and sustaining the Navy's fleet. As shipbuilders and suppliers across the maritime industrial base MIB work to meet unprecedented production demands and evolving national security priorities, this partnership combines deep industrial insight and field-tested technology to unlock new levels of performance and coordination through a digitally connected manufacturing ecosystem. Built on the backbone of Palantir's platform configured as Foundry — a secure enterprise operating system that integrates data, logic, models, and decision-making tools into a single operational picture— Warp Speed for Warships enables real-time collaboration and insight across the MIB. When paired with BFA's embedded manufacturing and MIB supply chain expertise, Warp Speed for Warships accelerates delivery, reduces risk, and creates a connected system engineered to meet the urgent demand of the Navy and the nation. 'Our strategic partnership with Palantir is about moving with urgency and precision — equipping America's industrial base with the tools it needs to meet unprecedented demand,' said Kiley Wren, BlueForge Alliance co-founder and co-chief executive officer. 'In Palantir, we've found a mission-aligned partner capable of turning complexity into clarity, and data into action. With the Warp Speed for Warships program, together with our nation's shipbuilders and suppliers, we're helping the Navy deliver the modern digital infrastructure required to scale production, drive resilience, and ensure our nation's shipbuilding enterprise is prepared for what lies ahead.' Initiatives like Warp Speed for Warships and collaborative national strategic partnerships represent a renewed model of public-private collaboration, where BFA's role as a trusted integrator supporting the Navy's efforts to strengthen the MIB is paired with Palantir's advanced data platform to rapidly convert integrated information into action. 'Warp Speed for Warships is a critical effort to ensure the Navy has the digital tools to maintain maritime superiority and deter conflict. The combination of BlueForge Alliance's trusted role in the shipbuilding ecosystem and Palantir's Warp Speed software will give shipbuilders the modern tools they need to reestablish command of the seas and keep the peace,' said Mike Gallagher, Head of Defense at Palantir Technologies. About BlueForge Alliance BlueForge Alliance is a nonprofit, mission-driven partner accelerating the revitalization of the defense industrial base through non-traditional approaches that deliver speed, access and scale. As an unbiased convening authority, we unite government, industry, and academia through a whole-of-nation, whole-of-government approach to address systemic challenges with collaborative, transparent, and innovative solutions. BFA is headquartered in Bryan/College Station, Texas with its Maritime Practice based in Washington, D.C. For more information, visit About Palantir Technologies Inc. Foundational software of tomorrow. Delivered today. Additional information is available at About the Maritime Industrial Base Program The Navy's Maritime Industrial Base Program was established to develop, implement, and execute a plan to stabilize, enhance, and grow the maritime industrial base by addressing challenges to industrial base capacity, capability, and workforce. For more information, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of Palantir's software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond Palantir's control. These risks and uncertainties include the ability to meet the unique needs of customers; the failure of Palantir's platforms to satisfy customers or perform as desired; the frequency or severity of any software and implementation errors; Palantir's platforms' reliability; and customers' ability to modify or terminate the contract. Additional information regarding these and other risks and uncertainties is included in the filings Palantir makes with the Securities and Exchange Commission from time to time. Except as required by law, Palantir does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.
