that is chris gorman from keycorp. >>> palantir shares are soaring.ny expects to post its first annual profit this year join joining us now, this buzz is generating a lot of customer interest and they have a pretty big advantage. >> technologies that we built that allow you to do ai in private networks have precursor technologies that will take other companies four or five years to build for example how do you to ai in a regulated context. >> let's bring in frank holland. music to investors' ears when it comes to demand for ai products and also profitability those are right on point wit where investors are. >> and i spoke to alex karp and he was proud of the company, reached profitability about three years before they previously guided. and he was also talking about the ai capabilities specifically when it comes to their real world experiences for functions outside of search and cloud computing. he was highlighting health care manufacturing as regulated industries which you heard reference at the end of that sound bite the company also said it has a n

. >> key bank ceo chris gorman says the consumer is extremely resilient. >> i think it will be a particularlyeep recession, but the reason i believe rates will stay higher for longer, i think it's going to take some time for the consumer to really burn through the excess cash that they have, and i think it's going to be a long but stable road >> let's dine in the chief economist joins me on this wednesday morning it's good to see you when we're talking about this view that the fed may have to keep raising rates, that inflation is not coming down as fast as we might have hoped, does it seem like the market is struggling this morning? >> it does indeed feel like markets are starting to get compl complaisant. there's two ways of reading the tea leaves ochl on the one hand, we've been busy with this recessionary rhetoric for over six months the second point that's obviously important is that the fed is really working off backward-looking accounters. instead of forward look, backward looking they're going to want a few kuhn sis tent quarters of truth that inflation is coming down to a more stable