Palantir: As Revenues Rise, Controversy Grows
1. Palantir competes fiercely against legacy firms for defense contracts. 2. The company saw a stock increase of 600% by aligning with political agendas. 3. Despite ethical concerns, Palantir’s contracts are expanding, including a $10 billion military deal. 4. Palantir’s aggressive lobbying increased from $1.4M to $5.8M since 2019. 5. CEO Alex Karp promotes a militarization of AI strategy amid global competition.