“The growth sucks.” That’s how Alex Karp, the CEO and co-founder of Palantir Technologies, described the company’s performance in Europe. He said this on August 3 to shareholders, while his colleagues defended an “incredible” quarter in the United States.
Palantir's response
Follow The Money and its media partners presented Palantir with the findings of this investigation, along with 14 detailed questions. Palantir has not responded to any of them. Instead, the firm forwarded a statement from a spokesperson: “A serious debate is needed on how Europe safeguards its technological sovereignty. Technological sovereignty must ultimately be measured by who controls the data, the decisions and the mission: not just by the nationality of the software provider.” According to Palantir, control over data (and what is done with it) belongs to the customer.
The statement adds: “Since 2011, Palantir has been working with democratically-elected European governments and institutions to increase hospital capacity, accelerate cancer diagnoses, safely resettle refugees, combat organized crime, protect victims of domestic violence, and respond more quickly to floods and other emergencies.” It also notes that more than 20% of Palantir’s employees work in Europe and that the company helps European businesses compete and grow in various sectors, such as aerospace, manufacturing and life sciences. Palantir further states that it supports European governments in protecting their national security, including in Ukraine.
In a previous response to this same media consortium, Palantir denied accusations of its involvement in human rights violations.