logo
President Trump, Palantir's possible partnership: What to know

President Trump, Palantir's possible partnership: What to know

Yahoo2 days ago

(NewsNation) — Americans having their data shared is about to reach a whole different level under President Trump's administration.
Trump recently announced he is planning on partnering with Palantir Technologies to build a federal database tracking millions of citizens.
But what exactly is Palantir? How did the tech company get involved with Trump? Who is in favor of this program and who opposes?
Palantir Technologies is a data and technology firm cofounded by Peter Thiel, Stephen Cohen, Joe Lonsdale and Alex Karp.
The company began in 2003 and specializes in software platforms for people. It has four main projects: Palantir Gotham, Palantir Foundry, Palantir Apollo, and Palantir AIP.
Ex-Homeland Security official Taylor fights back against Trump's 'unprecedented' investigation order
Palantir Gotham is an intelligence and defense tool used by militaries and counter-terrorism analysts. Palantir Foundry focuses on data integration and analysis for corporate clients. Palantir Apollo facilitates continuous integration and delivery across all environments.
Trump has stated that Palantir would use the tracking data to help protect citizens and provide better all-around assistance.
In March, Trump handed down an executive order that would push all federal agencies to share their data. The Department of Homeland Security, Internal Revenue Service, Social Security Administration, and United States Department of Health and Human Services have already begun the process, which channels sensitive data into one central database.
Top Trump officials visit prolific Alaska oil field amid push to expand drilling
'On its face, it looks like the government is trying to save money in terms of operations and not doing the same thing over and over again,' said Armen Kurdian, retired U.S. Navy Captain. 'When you look a little deeper, is the implications or the risks of putting all the information together at one time going to make a greater risk for the American public?'
Overall, the pitch would potentially lead to fewer wasted tax dollars, faster services and smarter law enforcement for Americans.
The possible centralized database has people on both sides of the fence.
Those who want to see the partnership come to fruition say fraud and efficiency will receive a tremendous boost.
Meta becomes the latest big tech company turning to nuclear power for AI needs
Critics say it could be a 'surveillance nightmare.' They also acknowledged that Thiel's acquiring unprecedented access to Americans' data goes well beyond privacy and could lead to weaponization.
'In this case, now, instead of something being segmented, a potentially massive database of the entire U.S. population could be at risk,' added Kurdian.
Palantir's cofounder, Peter Thiel, is a known mega donor for Donald Trump.
Thiel has been Trump's right-hand man in Silicon Valley and worked previously with Elon Musk, Trump's former senior advisor.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Trump says he's 'disappointed' with Musk after former backer turned on the Republican tax bill
Trump says he's 'disappointed' with Musk after former backer turned on the Republican tax bill

Yahoo

time20 minutes ago

  • Yahoo

Trump says he's 'disappointed' with Musk after former backer turned on the Republican tax bill

WASHINGTON (AP) — President Donald Trump said Thursday he's 'disappointed' with Elon Musk after his former backer and advisor lambasted the president's signature bill. Trump suggested the world's richest man misses being in the White House and has 'Trump derangement syndrome.' The Republican president reflected on his breakup with Musk in front of reporters in the Oval Office as Musk continued a storm of social media posts attacking Trump's 'Big Beautiful Bill' and warning it will increase the federal deficit. 'I'm very disappointed in Elon," Trump said. 'I've helped Elon a lot.' Musk has called Trump's big tax break bill a 'disgusting abomination.' The Associated Press Sign in to access your portfolio

Is this why Americans have hit the brakes on the #vanlife dream?
Is this why Americans have hit the brakes on the #vanlife dream?

Miami Herald

time23 minutes ago

  • Miami Herald

Is this why Americans have hit the brakes on the #vanlife dream?

Is this why Americans have hit the brakes on the #vanlife dream? After a boom during the pandemic, Americans are no longer embracing vanlife with as much enthusiasm as they did during lockdown. Plenty of pandemic-era habits have stuck around - Zoom calls, grocery delivery, comfy pants - but living out of a van freely on the open road, it seems, has not had the same staying power. Vanlife represents the outdoorsy lifestyle centered around mobile shelters like camping trailers, recreational vehicles, and retrofitted vans. Starting in 2020, as cities emptied and remote work became the norm, thousands of people took to this relatively cheap and crowd-free way to explore the country. As they traveled, they fueled the trend by sharing their most idyllic experiences on social media with the hashtag #vanlife. However, new research conducted by Motointegrator and the data experts at DataPulse Research suggests that many people who signed on to vanlife at the height of the pandemic are now putting it in their rearview mirror. Sales of RVs - a good proxy for all kinds of camping vehicles, including custom retrofitted vans - have not only cooled off but have fallen below pre-pandemic levels, based on an analysis of sales data. What is more, the number of households that camp in RVs has also dropped back to levels not seen since the 2018–2019 period, following a rapid spike during the height of the pandemic, according to a similar analysis of RV camping activity. It turns out, when you sell a record number of campers in a few short years, there's not a lot of fresh demand left after the rush, which is the key reason why RV sales today are lower than they were even a decade ago. "The pandemic was such a massive disruption [to RV sales] that the previously observed trends were no longer applicable," a November 2024 report by the news site notes. "Indeed, had RV sales continued on the path that was established pre-COVID-19, it is estimated that there would have been continued consistent growth year-over-year." The #vanlife dream This is not to say vanlife is completely gone. Its popularity just seems to be returning to pre-pandemic norms. The #vanlife hashtag dates back to the early 2010s when a New Yorker named Foster Huntington quit his corporate job to live on the road. Along his journey, he found many others living in vans, preserving a subculture that began with the hippies of the 1960s. Huntington used the hashtag when he posted photos of his new life on social media, and, soon enough, #vanlife began to trend among a rising generation of free-spirited people who followed in his footsteps. When the pandemic hit in 2020, people around the world, freshly untethered from their office jobs, saw an opportunity to embark on their own on-the-road adventures. Across the U.S., there was a surge in RV sales, from 400,000 shipments in 2019 to 600,000 in 2021, according to the RV Industry Association. Those figures do not account for retrofitted vans, which are beloved by the vanlife community. These vans, often former work vehicles or delivery vans, exploded in popularity thanks to their budget-friendly customization options and flexibility. Unlike larger trailers or bus-like mobile homes, they are easier to drive and park while still being more comfortable than tents. However, securing one became difficult; as CNN reported in 2021, companies that retrofit vans suddenly had yearslong waitlists - and that was assuming the customer had a van to retrofit given the competition. During lockdowns, online orders for household items surged and Amazon needed to expand their fleet of van models - namely, Mercedes Sprinters, Ford Transits and RAM ProMasters - which happen to be the preferred choices for vanlifers, as well. The end of the dream Nonetheless, many Americans did succeed in landing their own recreational vehicle. The race to get (or retrofit) RVs created an influx of newbie owners. As shown by the chart below, more than half (55%) of today's RV owners are newbies who have owned their vehicle for just five years or less. The vanlife movement appears to have deflated as quickly as it ballooned in pandemic-era America. For many, the vanlife lifestyle turned out to be a detour, not a destination. As a result, many vehicles bought during the pandemic are not racking up much mileage today. Some 10 million households, or close to 8% of all households in the U.S., camped in an RV last year - and around 8 million of those campers were RV owners. That might seem like a lot, but it is down from the 15 million (nearly 12% of households) that camped in an RV at the 2022 peak. The drop in vanlifers is also evident in yearly survey data that tracks campers by experience level. The share of inexperienced campers (those who were brand new to camping or who had started "in the last few years") peaked in the years after the pandemic's onset, according to Kampgrounds of America. In 2022, people who were relatively new to camping accounted for more than 40% of all campers. After that peak though, the numbers dropped off pretty quickly. The mad rush to join the vanlife community was over, new blood was not coming into the vanlife community as quickly, and there was attrition among the vanlifers who had given it a shot. By 2024 the share of relatively new campers had dropped to 16% - levels that were typical before the pandemic hit. There are many reasons why the dream did not live long. For one, vanlife is not the "Insta-glam" life it is cracked up to be. There are difficult realities of vanlife, as New York Times essayist Caity Weaver captured in her own pursuit of the idyllic lifestyle in 2022, noting that just the act of sleeping in a van was "cramped, slovenly and bad." Vanlife also became impractical as life got back to normal. As the major waves of COVID-19 petered out, managers became less tolerant of the work-from-anywhere approach, making it difficult for most to juggle both vanlife and their careers. Still, vanlife left its mark While vanlife may have been a flash-in-the-pan for many, the overall number of people who seek outdoorsy experiences, including RVing, tent camping, or glamping, may now start to stabilize to normal growth levels. Prior to the pandemic, it was estimated that the growth would be about 2 million additional households a year. As the camping community returns to normal, it is interesting to note that a few things have, in fact, changed for good. For one, there has been "a notable increase in younger and more diverse [RV] owners compared to previous years," a RV Industry Association report notes. "Younger generations are much more engaged than they used to be." Indeed, those who have stuck around are more committed to the lifestyle. Today, owners use their RVs a median of 30 days a year, up 50% from the 20 days reported in 2021. And campgrounds have tried to accommodate them, offering more amenities like WiFi, according to Kampgrounds of America. Perhaps vanlife is now how it was always intended to be: a smaller, scrappier community that genuinely wants the open road, the early mornings in nature, and yes, the occasional headache of a flat tire in the middle of nowhere. This story originally appeared on Motointegrator, was produced in collaboration with DataPulse Research, and was reviewed and distributed by Stacker. © Stacker Media, LLC.

Stablecoin bigwig Circle set to make its debut on the New York Stock Exchange
Stablecoin bigwig Circle set to make its debut on the New York Stock Exchange

Boston Globe

time23 minutes ago

  • Boston Globe

Stablecoin bigwig Circle set to make its debut on the New York Stock Exchange

Interest in Circle's initial public offering is high. The company's underwriters priced the offering at $31 per share Wednesday, up from an expected price of $27 to $28. The number of shares being sold was raised to 34 million from 32 million. Circle will trade on the NYSE under the symbol 'CRCL.' The shares had not opened for trading as of midday. A view outside the New York Stock Exchange on June 5. Richard Drew/Associated Press Advertisement The dominant player in the stablecoin field is El Salvador-based Tether, which has the stablecoin known as USDT that currently has about $150 billion in circulation. USDC is the second most popular stablecoin market cap, with about $60 billion in circulation. Circle said in a regulatory filing that USDC has been used for more than '$25 trillion in onchain transactions' since its launch in 2018. Revenue-wise the company has seen tremendous growth, going from just $15 million in 2020 to $1.7 billion in 2024. Stablecoin issuers make profits by collecting the interest on the assets they hold in reserve to back their stablecoins. Circle said USDC is backed by 'cash, short-dated US Treasuries and overnight US Treasury repurchase agreements with leading global banks.' Advertisement Circle's IPO comes amid a push by the Trump administration and the crypto industry to pass legislation that would regulate how stablecoin issuers operate in the US. A Senate bill There is also growing competition in the stablecoin field. A crypto enterprise partly owned by the Trump family just launched its own stablecoin, USD1. Circle said its long track record and values – the company says its mission statement is 'to raise global economic prosperity through the frictionless exchange of value' – will help it stand apart in the field.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store