In this file photo taken on October 31, 2016 Peter Thiel, PayPal founder-turned-venture-capitalist, discusses his support for US Republican presidential nominee Donald Trump, at the National Press Club in Washington, DC. — AFP pic
While Palantir’s data practices and algorithms are secret, the company claims it follows a roadmap which is, if anything, more ethical than its tech sector rivals. Palantir’s filing suggests a valuation of some US$10 billion, down from a private value as high as US$25 billion, according to Renaissance Capital.
“The fate of our world may depend on the effort of a single person who builds or propagates the machinery of freedom that makes the world safe for capitalism.”Activists argue that Palantir’s technology — which scoops up financial records, social media posts, call records and internet records — enables unprecedented opportunities for mass surveillance with little oversight on privacy and fundamental rights.