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Entrepreneurship is the creation or extraction of economic value in ways that generally entail beyond the minimal amount of risk (assumed by a traditional business), and potentially involving values besides simply economic ones. An entrepreneur is an individual who creates and/or invests in one or more businesses, bearing most of the risks and enjoying most of the rewards.
Peter Andreas Thiel (/ t iː l /; born 11 October 1967) is an American entrepreneur, venture capitalist, and political activist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. As of June 2023, Thiel had an estimated net worth of $9.7 billion and was ranked 213th on the Bloomberg Billionaires Index.
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The Manhattan Project was a program of research and development undertaken during World War II to produce the first nuclear weapons. It was led by the United States in collaboration with the United Kingdom and Canada. From 1942 to 1946, the project was under the direction of Major General Leslie Groves of the U.S. Army Corps of Engineers ...
- History
- Products
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- Partnerships and Contracts
- Controversies
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2003–2008: Founding and early years
Though usually listed as having been founded in 2004, SEC filings state Palantir's official incorporation to be in May 2003 by Peter Thiel (co-founder of PayPal), who named the start-up after the "seeing stone" in Tolkien's legendarium.Thiel saw Palantir as a "mission-oriented company" which could apply software similar to PayPal's fraud recognition systems to "reduce terrorism while preserving civil liberties." In 2004, Thiel bankrolled the creation of a prototype by PayPal engineer Nathan G...
2009: GhostNet and the Shadow Network
In 2009 and 2010 respectively, Information Warfare Monitor used Palantir software to uncover the GhostNet and the Shadow Network. The GhostNet was a China-based cyber espionage network targeting 1,295 computers in 103 countries, including the Dalai Lama’s office, a NATO computer and various national embassies.The Shadow Network was also a China-based espionage operation that hacked into the Indian security and defense apparatus. Cyber spies stole documents related to Indian security and NATO...
2010–2012: Expansion
In April 2010, Palantir announced a partnership with Thomson Reuters to sell the Palantir Metropolis product as "QA Studio" (a quantitative analysis tool).On June 18, 2010, Vice President Joe Biden and Office of Management and Budget Director Peter Orszag held a press conference at the White House announcing the success of fighting fraud in the stimulus by the Recovery Accountability and Transparency Board (RATB). Biden credited the success to the software, Palantir, being deployed by the fed...
Palantir Gotham
Palantir Gotham is Palantir's government offering. It is an evolution of Palantir's longstanding work in the United States Intelligence Community. More recently, Palantir Gotham has been used as a predictive policingsystem, which has elicited some controversy over racism in their AI analytics.
Palantir Metropolis
Palantir Metropolis (formerly known as Palantir Finance) was software for data integration, information management and quantitative analytics. The software connects to commercial, proprietary and public data sets and discovers trends, relationships and anomalies, including predictive analytics. Aided by 120 "forward-deployed engineers" of Palantir during 2009, Peter Cavicchia III of JPMorgan used Metropolis to monitor employee communications and alert the insider threat team when an employee...
Palantir Apollo
Palantir Apollo is a continuous delivery system that manages and deploys Palantir Gotham and Foundry. Apollo was built out of the need for customers to use multiple public and private cloud platforms as part of their infrastructure. Apollo orchestrates updates to configurations and software in the Foundry and Gotham platforms using a micro-service architecture. This product allows Palantir to provide software as a service (SaaS) rather than to operate as a consulting company.
Corporate use
Palantir Metropolis is used by hedge funds, banks, and financial services firms. Palantir Foundry clients include Merck KGaA, Airbus and Ferrari. Palantir partner Information Warfare Monitor used Palantir software to uncover both the Ghostnet and the Shadow Network.
U.S. civil entities
Palantir's software is used by the Recovery Accountability and Transparency Board to detect and investigate fraud and abuse in the American Recovery and Reinvestment Act. Specifically, the Recovery Operations Center (ROC) used Palantir to integrate transactional data with open-source and private data sets that describe the entities receiving stimulus funds.[clarification needed] Other clients as of 2019 included Polaris Project, the Centers for Disease Control and Prevention, the National Cen...
U.S. military, intelligence, and police
Palantir Gotham is used by counter-terrorism analysts at offices in the United States Intelligence Community and United States Department of Defense, fraud investigators at the Recovery Accountability and Transparency Board, and cyber analysts at Information Warfare Monitor (responsible for the GhostNet and the Shadow Networkinvestigation). Other clients as of 2013 included DHS, NSA, FBI, the Marine Corps, the Air Force, Special Operations Command, West Point, the Joint IED Defeat Organizatio...
International Business Machines
On February 8, 2021, Palantir and IBM announced a new partnership that would use IBM's hybrid cloud data platform alongside Palantir's operations platform for building applications. The product, Palantir for IBM Cloud Pak for Data, is expected to simplify the process of building and deploying AI-integrated applications with IBM Watson. It will help businesses/users interpret and use large datasets without needing a strong technical background. Palantir for IBM Cloud Pak for Data will be avail...
Amazon
On March 5, 2021, Palantir announced its partnership with Amazon AWS. Palantir's ERP Suite was optimized to run on Amazon Web Services. The ERP suite was used by BP.
Babylon Health
Palantir took a stake in Babylon Health in June 2021. Ali Parsa told the Financial Timesthat "nobody" has brought some of the tech that Palantir owns "into the realm of biology and health care".
Algorithm development
i2 Inc sued Palantir in Federal Court alleging fraud, conspiracy, and copyright infringement over Palantir's algorithm. Shyam Sankar, Palantir's director of business development, used a private eye company as the cutoutfor obtaining i2's code. i2 settled out of court for $10 million in 2011.
WikiLeaks proposals
In 2010, Hunton & Williams LLP allegedly asked Berico Technologies, Palantir, and HBGary Federal to draft a response plan to "the WikiLeaks Threat." In early 2011 Anonymous publicly released HBGary-internal documents, including the plan. The plan proposed that Palantir software would "serve as the foundation for all the data collection, integration, analysis, and production efforts." The plan also included slides, allegedly authored by HBGary CEO Aaron Barr, which suggested "[spreading] disin...
Racial discrimination lawsuit
On September 26, 2016, the Office of Federal Contract Compliance Programs of the U.S. Department of Labor filed a lawsuit against Palantir alleging that the company discriminated against Asian job applicants on the basis of their race. According to the lawsuit, the company "routinely eliminated" Asian applicants during the hiring process, even when they were "as qualified as white applicants" for the same jobs.Palantir settled the suit in April 2017 for $1.7 million while not admitting wrongd...
Jamie Fly, former Radio Free Europe president and CEO, serves as senior counselor to the CEO. Matthew Turpin, former director for China at the White House National Security Council and senior advisor for China to the Secretary of Commerce during the Trump administration, serves as senior advisor.
Business data for Palantir Technologies:Israeli defence chooses Palantir over home-grown solutions, Intelligence Online, February 9, 2024 (requires free registration)Apple Inc. (formerly Apple Computer, Inc.) is an American multinational corporation and technology company headquartered in Cupertino, California, in Silicon Valley.It designs, develops, and sells consumer electronics, computer software, and online services.Devices include the iPhone, iPad, Mac, Apple Watch, Vision Pro, and Apple TV; operating systems include iOS, iPadOS, and macOS; and ...
IBM originated with several technological innovations developed and commercialized in the late 19th century. Julius E. Pitrap patented the computing scale in 1885; Alexander Dey invented the dial recorder (1888); Herman Hollerith patented the Electric Tabulating Machine (1889); and Willard Bundy invented a time clock to record workers' arrival and departure times on a paper tape (1889).
Date apprehended. December 11, 2008. Bernard Lawrence Madoff ( / ˈmeɪdɔːf / MAY-dawf; [2] April 29, 1938 – April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion. [3] [4] He was at one time chairman of the Nasdaq stock ...
