He is also a co-founder of PayPal. Its all too easy to imagine that scenario because (apart from the torturing kittens part, obviously), that is basically how the 54-year-old billionaire already spends his days. In 2004, the internet entrepreneur founded a data-analytics company called Palantir Technologies (after the "seeing stones" used in The Lord of the Rings), which has been backed by the venture. Here's the press release from Palantir's IR. PRIVATE PLACEMENT NOW OPEN: Your early access to Ontarios next top gold-silver-base metal project, In the face of commodities struggle, zinc is ready to boom, good natured Products: transforming bio-based technology into earth-friendly products, TRX Gold (TSX:TNX) on track for production, good news for share value, Stakeholder Gold (TSXV:SRC) triples its land position in the White Gold District, Bullion Gold (TSXV:BGD) sells its Turgeon Lake Property to Xcite Resources, Star Navigation explains share lock up and gives update on sales activity, SuperBuzz (TSXV:SPZ) launches its first domain centric language model, Goldcliff (TSXV:GCN) to focus on silver potential of Nevada and B.C. Palantir will host a webcast to discuss its results at 3:00 PM MT / 5:00 PM ET. He has cultivated an air of malevolent mystique. DENVER-- ( BUSINESS WIRE )--Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the second quarter ended June 30, 2021. 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Merck KGaA, Darmstadt, Germany, and Palantir have already proven to be successful in using collaborative data analytics to help common customers minimize quality deviations and increase efficiencies. Do you have an opinion on the issues raised in this article? This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Palantir Technologies Inc. (NYSE: PLTR, "Palantir"), a leading builder of operating systems for the modern enterprise, and Concordance Healthcare Solutions LLC, one of the largest, independent. And while no one is entirely sure about the extent of everything Palantir does, the general consensus seems to be that it has access to a huge amount of data. From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps its customers across the public, private, and nonprofit sectors transform the way they use their data. Foundational software of tomorrow. Cori Crider, director of the legal campaign group Foxglove, said: [Palantir] is a company that has worked with border forces, spies and police. And at its direct listing on Wednesday, in which investors sold some of their existing shares to the public, shares opened at $10 each - above the $7.25 reference price - giving it a value of roughly $22bn. An NHS project to incorporate tens of millions of personal digital medical records into one of the biggest health data platforms in the world is to be launched without seeking new patient consent. & DENVER-- (BUSINESS WIRE)-- BigBear.ai, a leading provider of artificial intelligence, machine learning, big data analytics, and cyber solutions, and Palantir Technologies Inc. (NYSE: PLTR), a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments, today Today, nearly 75 percent of businesses surveyed in an IBM sponsored report say they are exploring or implementing AI. The BBC is not responsible for the content of external sites. As the leading Japanese ICT company, Fujitsu recognizes the power of Palantirs technology and is deploying it internally to transform its operations, and propel its own success. Open Democracy said it had launched the legal action over Palantir's long-term involvement in the analysis of vast amounts of public health data. Harjeet Dhaliwal, deputy director of data services at NHS England and NHS Improvement will follow Indra Joshi, former NHSX director of AI. Palantir may be an American company, but it actually employs more people in London - just shy of 600 - than in either its Silicon Valley base or Denver headquarters. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Palantir, founded by Silicon Valley billionaire and close Trump ally Peter Thiel, is a data-mining firm best known for supporting the CIA's counterinsurgency and intelligence operations in Iraq. They say patients have a legal right to a say. Regarding the awarding of the actual contract, Mr Smith said Palantir was on a list of pre-approved government suppliers, which "gives it some credibility and legitimacy". "Fiserv is operating in an increasingly complex global environment - supporting financial institutions and businesses in a world that never powers down. But it could know all about you if it wins a contract to manage NHS data. Phil Booth, coordinator of medConfidential, which campaigns for confidentiality and consent in health and social care, has described the federated data platform project as the veins through which patient data would flow. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount, terms, and expected benefits of the contract and the expected benefits of our software platforms. The number of customers generating more than $1 million in annual revenue grew 32% year-over-year. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. Among a host of new offerings, developers and DevOps organizations that adopt Apollo can ship new features faster, encode security and quality requirements, and write code once that works across virtually all environments from public cloud, private cloud, hybrid cloud, on premises, data centers, and edge devices, including Humvees, drones, satellites, and more. Visit: www.palantir.com About Trafigura Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. "This partnership between two of the world's technology leaders will help companies in the financial services industry provide business-ready data and scale AI with confidence.". US tech firm Palantir, known for supplying controversial data-sifting software to government agencies, has fetched a market value of nearly $22bn (17bn) in its debut on the New York Stock Exchange. As one Bloomberg headline put it: Palantir knows everything about you.. It is active in more than 150 countries, including the UK, where it was one of the tech firms the government enlisted this spring to help respond to coronavirus. There is a line of argument that it is just a dull IT deal that people are getting worked up over because they dont like the fact that Thiel gave a bunch of money to Trump. Cookies are used to offer you a better browsing experience and to analyze our traffic. Delivered today. Palantir: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. An email was sent with password retrieval instructions. In advance of the direct listing of Palantir Technologies, Inc. on the New York Stock Exchange on September 29, Amnesty International released today a new briefing, Failing to Do Right: The Urgent Need for Palantir to Respect Human Rights, where the organization concludes that Palantir is failing to conduct human rights due diligence around its 10 stocks we like better than Palantir Technologies When our analyst team has a stock tip, it can pay to listen. For more information about Athinia, visit the website or social media channels: LinkedInYouTubeTwitter. In the first half of 2020, Palantir revenue rose 49% year-on-year, topping $480m (373m). Once Palantir is in, how are you going to remove them? one source with knowledge of the matter told the FT. How worried should we be about all this? They added that the firm that won the contract would not be permitted access to the data or allowed to share it for its own purposes. Company: They also want to promote the benefits to the public of using NHS data to speed up diagnosis and help clinicians reduce waiting times. ARMONK, N.Y. and DENVER, Feb. 8, 2021 /PRNewswire/ --IBM (NYSE: IBM) and Palantir Technologies (NYSE:PLTR) today announced a new partnership consisting of IBM's hybrid cloud data platform designed to deliver AI for business, with Palantir's next generation operations platform for building applications. NHS England officials say they will now develop a public pact over safeguards of medical data, outlined in the governments data saves lives policy paper published in June. Thiel was famously one of Donald Trumps biggest donors in 2016; this year, he is one of the biggest individual donors to Republican politics. Mark Cash, equity research analyst at Morningstar, who has estimated the firm's value at $28bn - even higher than the valuation reached on Wednesday - said the firm is well-positioned in a growing industry. We share IBM's commitment to the adoption of responsible and ethical AI. Our average revenue per customer was $7.9 million, up 41% year-over-year. The American software firm Palantir, which is chaired by the billionaire Donald Trump supporter Peter Thiel, is considered the favourite to win the contract. It is expected to be awarded by summer 2023. "Leveraging lessons from our partnership in the commercial sector, we are looking forward to delivering innovation on behalf of the most important US Government missions on an accelerated timeframe. -- Merck KGaA, Darmstadt, Germany, and Palantir form partnership to optimize data analytics in semiconductor manufacturing, -- Collaborative analytics platform to help improve supply chain transparency and tackle chip shortage, -- Laura Matz, Chief Science and Technology Officer of Merck KGaA, Darmstadt, Germany, will lead the partnership. Information about potential future products may not be incorporated into any contract. May 8th, After the bell. While its efforts to make inroads in the corporate world were rocky initially, Palantir's commercial business has grown. Take our quiz, We'll find you and we won't let you live a teams fight to exist, When a biryani flies hundreds of miles to reach Indians, The two generals fighting over Sudan's future, 'I thought we'd die' - Sudan patients cry for help, Why Gen Z workers are starting on the back foot. PR Newswire - Mon Apr 17, 3:05PM CDT. The spokesperson said: Data platforms are already being used by NHS trusts to reduce cancer waiting times, speed up diagnosis, treat and get people home quicker. Palantir Growth: Is the Company Sandbagging? For more information, please see https://www.palantir.com/jp/palantir-foundry/impact/. Palantir Announces Date of First Quarter 2023 Earnings Release and Webcast. This press release was to inform the public that on April 27th, 2022, we will get a product demo day for one of Palantir's most complex products - Apollo. The outspoken defence is perhaps little surprise, coming from a firm co-founded by Mr Thiel, who famously abandoned Silicon Valley in 2018, decrying its liberal politics. From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps its customers across the public, private, and nonprofit sectors transform the way they use their data. In 2020, Merck KGaA, Darmstadt, Germany, generated sales of 17.5 billion in 66 countries. While it is hardly unusual for a billionaire to throw money at conservative politicians, Thiel is notable for expressing disdain for democracy, and funding far-right candidates who have peddled Trumps dangerous lie that the election was stolen from him. The neonatal intensive care unit at Burnley General hospital, Lancashire. These new products will enable companies to autonomously deploy and manage complex software in production across many heterogeneous environments with a homogenous approach. These statements may relate to, but are not limited to, Palantir's expectations regarding the amount and the terms of the contract and the expected benefits of our software platforms. And Palantir has said it is well-poised to continue to win government work, thanks to a lawsuit it won against the US military in 2016, which requires the government to consider commercially available products first. By continuing to use our service, you agree to our use of cookies. There should be a proper debate about the use of this data so people can make an informed choice.. For any questions regarding the event, please email demo-day@palantir.com.". Palantir for IBM Cloud Pak for Data is being designed to provide retailers with increased levels of visibility and transparency by integrating data across their operational siloes and using that data to quickly build new AI models and applications. For more information, please see www.fujitsu.com. In addition, shareholders can submit and vote on questions by visiting https://app.saytechnologies.com/palantir-2023-q1. It says it has a team focused on civil liberties issues, but it is the government's job to craft policy, not Silicon Valley's. The firm's finances have also improved in recent years, amid pressure from early backers to list shares publicly and allow them to cash out. Co-founded by Sompo Holdings Inc. and Palantir Technologies Inc., Palantir Japan enables the digital transformation of Japanese government and commercial institutions by providing the Palantir Gotham and Palantir Foundry platforms and enabling the security of real operational data. By extending this approach to the broader supply chain and enabling a data ecosystem, we believe advanced predictive manufacturing can be accelerated for the broader semiconductor industry,"said Raj Narasimhan, Corporate Vice President, Global Quality, Micron Technology, Inc. In 2004, the internet entrepreneur founded a data-analytics company called Palantir Technologies (after the seeing stones used in The Lord of the Rings), which has been backed by the venture capital arm of the CIA. a short-term attempt to predict how best to deploy resources to deal with the pandemic, Hancock acted unlawfully over Covid contracts, Open Democracy and Foxglove are crowdfunding 60,000, Woman shot dead after pulling into wrong driveway, Man charged with shooting boy who knocked wrong door, Bear captured after killing Alpine jogger, Award-winning photo turns out to be AI creation, US accuses Brazil's Lula of parroting war propaganda, FBI makes arrests over US Chinese 'police stations'. But while Palantir might like to highlight the lives it helps save, it has also been accused of having "blood on its hands" by civil rights protesters. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. My hope is that this product demo event is not only rooted in showing the new innovations they've created for Apollo, but also explaining it in a more simpler way for audiences and organizations to understand the value proposition. This can help retailers to simulate and predict customer behavior and continuously monitor the health of their supply chain to proactively address critical issues and adapt faster to changes in demand and supply. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. Clive Lewis, the Labour MP, said: This looks like the contract has been set up to hand it to Palantir. Thinking about buying stock in McCormick, General Electric, Enphase Energy, Palantir PR Newswire (Press Release) 14:37 28-Mar-23. The data is given a pseudonym before it is shared with NHS England. Palantir's software is used by the Royal Navy across a broad spectrum of areas from strategic workforce planning to supply chain management to the COVID-19 response. City: Tokyo That reflects both the work it does for European clients including BP, Airbus and Ferrari - but also its UK government contracts, which predate the coronavirus pandemic by several years. Information regarding potential future products is intended to outline our general product direction and it should not be relied on in making a purchasing decision. About Palantir Technologies Inc.Foundational software of tomorrow. Well, according to one school of thought, consternation about the potential partnership is misplaced. ", NHS uses tech giants to plan coronavirus response, Brother died saving birthday girl's life in US shooting, 'Someone must know': Questions remain in Dadeville, Putin visits occupied Kherson region in Ukraine, Realities dash hopes for Israel-Palestinian peace, Fighting hits Khartoum neighbourhoods - maps and images, How LinkedIn is changing and why some are not happy, Who didn't make the coronation guest list? Media ContactLisa Gordon[emailprotected], Cision Distribution 888-776-0942 The firm says it sells software products and does not monetise or collect personal data. Suppliers will benefit from internal efficiency gains through smart data integration and can be a better partner for the fabs they serve. There is a reason why pretty much every mention of. Palantir Technologies Inc. provides technology and services that build enterprise data platforms for organizations with highly complex and sensitive data environments. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Palantir told Amnesty that it had deliberately declined some work with border authorities in the US due to the concerns. The Financial Times recently reported that Palantir is gearing up to become the underlying data operating system for the NHS. The platform will also enable industry actors to understand on a deeper level the interaction between materials and processes at semiconductor fabrication plants. Apollo is a complicated product. Palantir also has a project working with hospital trusts to reduce waiting lists. Its nearly $22bn opening valuation was only a bit higher than the $20bn private investors valued the firm when it fundraised five years ago. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. This new milestone enables U.S. government customers and industry partners to access Palantir and Microsoft's secure, integrated, enterprise-grade capabilities in both Microsoft Azure Government and Azure Commercial environments. This authorization milestone is representative of Palantir's ongoing commitment to servicing federal customers on Azure. Working with the IBM Data Science and AI Elite Team, organizations across industries can tackle data science use cases and overcome the challenges of AI adoption. Generate Alpha; Our Platforms . "It doesn't look great, but all the big suppliers to government do it," said Peter Smith, former president of the Chartered Institute of Procurement and Supply and author of Bad Buying, a book about public money wasted through poor purchasing. If you would like to submit a letter of up to 300 words to be considered for publication, email it to us at guardian.letters@theguardian.com, Original reporting and incisive analysis, direct from the Guardian every morning. This press release was to inform the public that on April 27th, 2022, we will get a product demo day for one of Palantir's most complex products - Apollo. In the US, the use of its technology by immigration authorities to help round up undocumented immigrants has drawn heated protests and in the UK, the health data handled by the firm has also raised alarms. Palantir contributes use of its software and staff, but does not store the data itself, which remains under the control of the NHS. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Peter Mandelsons consultancy Global Counsel has advised Palantir. DENVER, April 5, 2023 /PRNewswire/ -- Palantir Technologies Inc. (NYSE: PLTR) today announced that Palantir Federal Cloud Service (PFCS) achieved FedRAMP authorization and accreditation to. These risks and uncertainties include our ability to meet the unique needs of our customers; the failure of our platforms to satisfy our customers or perform as desired; the frequency or severity of any software and implementation errors; our platforms' reliability; and our customers' ability to modify or terminate their contracts. The launch of the legal case coincides with the release of details about Palantir's lobbying of the UK government by the Bureau of Investigative Journalism in partnership with Sky News. A pseudonym before it is expected to be awarded by summer 2023: www.palantir.com about Trafigura Founded in 1993 Trafigura... To become the underlying data operating system for the fabs they serve and sensitive data environments pr... 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