Innodata Inc. (NASDAQ:INOD) shares moved higher on Thursday after the company announced a new artificial intelligence data services engagement.
• Innodata shares are powering higher. What’s driving INOD stock higher?
The company said it was selected to support Palantir Technologies Inc. (NASDAQ:PLTR) with specialized data training and engineering for AI-powered rodeo analytics.
Innodata will supply curated training datasets and advanced data engineering to support Palantir’s AI platforms used in rodeo event analysis.
The engagement supports Palantir’s work with rodeo operators seeking automated performance insights from large-scale video analysis.
Computer Vision Focus
Innodata’s teams are annotating thousands of hours of rodeo footage for computer vision model development.
The work enables AI systems to identify animals, riders and skeletal joint movements across multiple rodeo disciplines.
Those disciplines include bull riding, bareback riding, bronc riding and barrel racing.
The technology allows automated calculation and on-screen display of performance metrics during events.
Innodata said it will provide annotation, multimodal data engineering, and generative-AI workflow support for select Palantir programs.
Its teams operate directly within Palantir’s development and deployment environments.
The work spans video, imagery, documents and multimodal sensor inputs requiring high security standards.
Industry Commentary
“Palantir is developing some of the most sophisticated AI capabilities in the world – from computer vision and geospatial analytics to secure, model-driven decision systems,” said Dimitrios Lymperopoulos, head of machine learning at Palantir.
“Innodata’s high-quality training data and data engineering expertise can help us to scale these capabilities with the accuracy, rigor and operational excellence our customers demand,” Lymperopoulos said.
Innodata said the engagement reflects growing demand for precision data services as AI adoption expands across high-stakes environments.
The company believes secure, scalable data engineering remains critical as AI becomes central to enterprise and national competitiveness.
INOD Price Action: Innodata shares are trading higher by 12.64% to $62.97 at publication on Thursday.
Photo: Dennis MacDonald via Shutterstock
