10 Best Smart City Stocks to Invest In

2. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 78

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the best smart city stocks. On September 10, Palantir partnered with Hadean, a UK defense technology firm, to introduce battlefield simulation and command software for the British military through PLTR’s Foundry platform.

In November 2024, Hadean finalized a £20 million Enterprise Agreement Lite with the UK Ministry of Defence to supply AI-based digital wargaming and command software. The tools enable military officers to rehearse and strategize war operations, with AI creating scenarios and virtual agents for advanced training.

Through this partnership, Hadean’s offerings will integrate with the Ministry of Defence’s current data infrastructure using Palantir’s Foundry software. The companies mentioned that the products are set to be utilized in classified military settings in a few months.

The platform by Hadean has two main components: populAI for wargaming that imitates human actions and dynamic scenarios, and dominAI for command software that combines data streams to provide situational knowledge and decision support in real time.

Polly Scully from Palantir added that this partnership helps UK tech firms by providing them access to safe software made for sensitive operations. The move also strengthens Palantir’s current work with the UK Ministry of Defence.