Becoming the next Palantir is a tough job.

Palantir (NASDAQ: PLTR) has already shown what it takes to be a successful enterprise artificial intelligence (AI) player: Become the core platform for customers to build their AI applications on, rapidly turn pilot projects into production-level deployments, cross-sell and upsell to existing clients, and focus on new client acquisition across industries and new verticals.

Innodata ( INOD 2.53% ) is much smaller, but it seems to be on a similar growth trajectory. The company is moving beyond traditional data services and is now becoming an AI partner focused on the data and evaluation layer in the enterprise AI stack -- something that Palantir is not focusing on.

Financial performance

Palantir's second-quarter fiscal 2025 (ending J

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