dont-buy-into-these-trends-about-palantir-foundry

Palantir Technologies (PLTR) just finished their direct listing on the New York Stock Exchange so it is now possible for anyone to purchase Palantir stock off of the general public market. Instead of Palantir raising cash through a Palantir stock IPO, Palantir stock (PLTR) completed a direct listing (say goodbye to shares provided or money raised) to offer their shareholders liquidity. Palantir (PLTR) is a data analytics business creating software options to analyze huge information from numerous sources to identify relationships or patterns that help achieve jobs that would otherwise be impractical. While Palantir's software application has applications such as this that are certainly excellent for society, one should expect effects for opening the Pandora's box of big data. Today on 9to5investing, I am going to cover Palantir which is possibly the most controversial company to IPO on the US stock exchange and speak about whether I believe Palantir stock (PLTR) is a financial investment worth making.

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The structure of this video about Palantir stock (PLTR) will consist of a brief introduction of this company including what they do and who they have as customers, the ethical predicament surrounding this company's controversial business practices, and whether I think that Palantir stock is a strong financial investment for the long-term.

Palantir is a software application advancement and speaking with company that was founded after the 9/11 terrorist attacks with the objective of keeping western countries dominant, especially in regards to expert system, in order to promote international peace and prosperity. That being stated, Palantir only works with western countries like the United States.

To provide you a concept of what this business is trying to accomplish, we must check out the origins of the company's name. The name Palantir really comes from The Lord of the Rings. Palantiri are these stones that just a person of excellent strength of will and wisdom could utilize to interact and see events in other parts of middle earth that could be from the past or future. Palantir makes sense as a name for the business as this is what they are trying to do from a very broad sense; usage big information from the past to expect events in the future. Palantir's systems are extremely customized for each of their customers and this becomes part of what makes it difficult to comprehend exactly what this company is doing. Nevertheless, the basic idea is that Palantir is assisting their customers take big amounts of information from numerous sources, shop that data securely and firmly, then that client has the ability to use highly specialized algorithms to find unusual relationships and patterns across the different sets palantir technologies of information to draw helpful conclusions. Records show that federal authorities have utilized Palantir's information platform (Palantir Gotham) to track down terrorists, insurgents, drug smugglers, and insider traders. Palantir actually began out by getting $2 million in financing from and doing work for the Central Intelligence Company. In the years that followed; Palantir won agreements from numerous more government agencies such as the FBI, Department of Defense, and most controversially, the migrations and customizeds enforcement agency. Although Palantir started working nearly solely as a government professional, they broadened their horizons into the industrial space in the current years. In 2020, Palantir obtains about half of its earnings from the government sector and about half from the commercial sector. Significant business clients include Fiat Chrysler, Jet, and BP.

Palantir has actually currently helped many companies use huge information to solve issues that make the world a better place. These information analytics tools are effective and normally a force for excellent up until now. However, even the CEO of Palantir Alex Carp acknowledges that these powerful tools are most likely to become a double edged sword. Have you become aware of Big Sibling from George Orwell's dystopian novel called 1984? Generally, in Orwell's dystopian world, every resident is under consistent surveillance by the authorities utilizing these telescreens that keep track of every motion and discussion that a person has. Citizens in the novel are continuously reminded to not rebel versus the government due to the fact that the "Huge Sibling is watching YOU." I am all for leveraging big information and artificial intelligence to foil terrorist attacks and arrest those that exploit kids. However what if this government monitoring extends too far? If the United States federal government might utilize artificial intelligence to scan hundreds of databases of phone records, text messages, GPS coordinates from phones, social media posts, and so on then they could in theory know way more about any provided person than one might be comfortable with. At what point does this security for the greater great go too far?