Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud

Key Points

An early test showed that Palantir’s technology, which includes elements of artificial intelligence, could identify fraud in seconds that took human investigators two months, Fannie Mae CEO Priscilla Almodovar said.
Shares of Palantir have jumped more than 140% since President Donald Trump’s election win in November.
The announcement comes as there is a push to potentially bring Fannie Mae and Freddie Mac out of conservatorship.

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