WASHINGTON – Perhaps the most secretive firm to emerge from Silicon Valley, Palantir Technologies is set for a stock market debut this month that may shed light on the Big Data firm specializing in law enforcement and national security.
Created after the September 11, 2001 terror attacks with initial funding from a CIA venture-capital unit, Palantir and its predictive analytics platform reportedly have helped the US military locate Osama bin Laden and track weapons movements in the Middle East.
Its platform has also been used in the controversial practice of “predictive policing” to help law enforcement, detect medical insurance fraud and fight the coronavirus pandemic. Read more…..
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Palantir Technologies Inc. Chief Executive Officer Alex Karptold investors that the company is holding fast to its strategy of helping government agencies like the U.S. Defense Department digest and analyze data — even though those associations have stirred controversy in the past. Bloomberg’s Lizette Chapman reports on “Bloomberg Markets: What’d You Miss?”