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Tom Watson, a former high-ranking official in the UK's Labour Party, has joined the company in a full-time role. This move comes as the business faces continued scrutiny from UK government officials over how it handles data privacy and its large contracts with the National Health Service.
Having a well-connected political insider is a strategic move for the company in the UK, which is one of its most important markets outside the US. His experience could help the company navigate local political pressure and protect its long-term government contracts.
In a recent interview, CEO Alex Karp suggested that the government might eventually need to nationalize artificial intelligence companies to limit their legal liabilities. He argued that the potential risks and safety concerns surrounding AI are becoming too large for private companies to handle alone. While these comments are provocative, they reflect Karp's long-standing view that software companies must work closely with Western governments. This stance helps the company maintain its status as a trusted partner for sensitive defense and intelligence work, even if actual nationalization remains a distant and unlikely prospect.
Source: CNBC Television
Palantir, Nvidia, and Booz Allen Hamilton are reportedly considering restricting their use of advanced AI models unless developers like OpenAI and Anthropic provide better data protections. The concern is that these AI models could ingest and learn from the sensitive intellectual property of the companies using them.
This is a notable development because Palantir's business is built on being a trusted vault for highly sensitive government and corporate data. If the company cannot guarantee that its AI tools keep that data private from the models themselves, it could slow down how quickly its customers are willing to adopt new AI features.
Source: Reuters
UBS raised its price target for the software company from $220 to $250 on Tuesday. This move follows a string of recent partnership wins and puts the firm's target well above the current stock price of about $172. While the average analyst target across all firms has climbed to $183, this specific tweak is a routine adjustment rather than a change in the firm's overall rating. It suggests analysts are catching up to the company's recent growth rather than signaling a new shift in how the business is viewed.
Source: UBS
Palantir and Method Security launched the Cardinal Program to provide free, autonomous security assessments to utilities and municipalities. These assessments, known as red teaming, involve simulating cyberattacks to find and fix weaknesses before real hackers can exploit them.
This move helps Palantir embed its software deeper into the systems that run critical infrastructure like power grids and water plants. By using Palantir's data framework to manage these security tests, the company makes its platform more essential to the organizations responsible for national security and public safety.
Source: Business Wire
Management has built a perfect record of beating their own profit targets for two straight years. This suggests they set conservative bars they know they can clear even as the business grows rapidly.
| Expectation | |
|---|---|
| EPS | $0.41 |
| Revenue | $2.17B |