Palantir Filed Confidential Plans For Long-Awaited IPO! Palantir knows everything about you. They help track terrorists, but do they overstep privacy boundaries? Should you buy Palantir stock? This video shows you the good, the bad, and the ugly. I provide information and my opinions, but the goal is to enable you to make your own decision.

Palantir has clauses in contracts that don’t allow them to talk much about their projects. Highly secretive! Very close relationship with US government and intelligence agencies, and the rumor is that Palantir helped track down Osama Bin Laden.

“We built Palantir starting in 2004 to supply the US intelligence community with a world class software platforms. We built one called PG which now powers a lot of the Western world, both inside the US and Europe...allows intelligence, defense and police officials to more accurately track data and the people that are interested in tracking in accordance of the law. Subsequently, we built platforms for special operators and in the data aggregation space.” ...they went from a niche player for the highly classified intelligence community to what you could call the platform upon in which data analytics are done inside and outside of the US in the course of the last 10 years.
“We went from being a small company to a company that powers most of the west and its key institutions, including homeland security.”

Alex Karp does believe in regulation and enforcement. He takes a much different view from Silicon Valley. He said “these are really serious consequential questions that will effect all of our lives in a very significant way now and in the future and have already have effected them in ways that people understand and don’t understand. Do we want a Motley Crew of people in Silicon Valley who build platforms deciding which institutions work and under what conditions....we at Palantir have a view...which is that in societies where there is a functioning democracy...meaning that there Check’s and balances enforced by a functioning judiciary, we have supplied the software and will continue to provide the software.” That is a radical position in Silicon Valley. They have always been unpopular from the start.

“The present and the future ability to control the rule of law and it’s application will be determined by our ability to harness and master artificial intelligence and machine learning. It’s a very very radical decision to say you won’t help the US on this” He was speaking about Googles Maven Project.
“We at Palantir believe that those decisions should be made by the Us legislature, by our representatives, and by our courts”....not Silicon Valley, which he calls a small island that has different ideas on how things should work compared to society as a whole. In a CNBC interview at Davos, he also said “the small island in Silicon Valley that would love to decide what you eat, how you eat, and monetize all your data should not also decide who lives under a country and under which conditions”...I think it’s safe to say there isn’t much love on either side. In fact, Karp has worked out of a barn in New Hampshire for the past 15 years.

Resources:
https://www.bloomberg.com/features/20...
https://www.businessinsider.com/palan...
   • Palantir CEO Alex Karp: Investors Wil...  
   • Watch CNBC's full Interview with Pala...  
   • Video  
https://www.forbes.com/sites/thomasbr...
https://www.palantir.com/solutions/ai...
https://www.businessinsider.com/palan...
https://en.wikipedia.org/wiki/Alex_Karp
https://en.wikipedia.org/wiki/Palanti...

Disclaimer:
I have been investing in the stock market for over 20 years, but I am not a financial advisor or a legal professional, and I am not providing financial or legal advice. The information provided is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs. FIRED Up Wealth and Eric Cuka do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. Past performance is no guarantee of future results.

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