Palantir boss gives European firms five years to play catch up on AI

British and European businesses risk falling behind their global rival within five years unless they rapidly accelerate their AI adoption, the UK boss of Palantir has warned. Louis Mosley, chief executive of Palantir UK, said major European companies were falling behind their American rivals, which are already seeing significant commercial benefits from deploying AI across their operations. His warning comes after the US software giant reported a 148 per cent surge in American commercial revenue in the third quarter, as businesses ramped up spending on its AI technology. What we’re seeing in the US, that 148 per cent year-on-year revenue growth in corporates, is blue-chip American companies adopting AI and deriving value from it , Mosley said. Go to the rest of the world – you’re not seeing that growth rate . He warned that European businesses risked losing ground to US competitors if they failed to move quickly. If their peer competitors on the other side of the A