Latest news with #ImmigrationLifecycleOperatingSystem
Yahoo
06-05-2025
- Business
- Yahoo
Palantir praises DOGE cuts and compares the US government to 'fine-marbled wagyu'
Palantir Technologies executives praised DOGE during their earnings call after strong results. The company beat earnings expectations and raised its full-year revenue outlook. Palantir emphasized meritocracy, launching a fellowship for non-college enrollees. Executives at Palantir Technologies praised DOGE in their latest earnings call on Monday as the company reported its first-quarter earnings. "This is the right thing for the country — like, we have way too much spend on things that do not work," said Shyam Sankar, CTO and executive vice president of Palantir, when asked if DOGE cuts will impact contracts. "The government has started to resemble a fine-marbled wagyu — the fake projects that do not deliver and will never deliver crowd out and suffocate the things that could actually be excellent, so we welcome DOGE," Sankar added. Sanker's sentiments were echoed by Alex Karp, CEO of Palantir, who later said on the earnings call that there needs to be "pressure on the system" to "root out fraud, waste, and abuse and to pen test systems to see if they create more value." Their comments came after the AI software and defense technologies company delivered earnings that beat expectations on Monday and hiked its full-year revenue outlook to between $3.89 billion and $3.90 billion. Palantir is up 64% this year, mostly benefiting from its key defense contracts. A government record recently viewed by Business Insider's Rosemarie Ho shows that Immigration and Customs Enforcement signed a $30 million contract with Palantir for software enhancements to its Immigration Lifecycle Operating System, or ImmigrationOS. ICE told BI at the time that it was a modification of an existing contract. This also isn't the first time Karp has praised DOGE. In an earnings call in February, Karp said that DOGE is a "revolution" and "some people are going to get their heads cut off." "We love disruption, and whatever is good for America will be good for Americans and very good for Palantir," said Karp. Palantir was cofounded by its current chairman, Peter Thiel, who, alongside Elon Musk, is known as part of the "PayPal Mafia." In a Monday letter to shareholders that quotes from St. Augustine, President Richard Nixon, and the New Testament, Karp also wrote that the company's results are "indicative of a revolution" and that it could not have been achieved if the company had "submitted to the conventional managerial model in American corporate life." "There is no question that both cultures and companies," wrote Karp, "including the one we have built, must over a long period of time be judged 'by their fruits.' Matt. 7:16." Read the original article on Business Insider Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
Palantir praises DOGE cuts and compares the US government to 'fine-marbled wagyu'
Palantir Technologies executives praised DOGE during their earnings call after strong results. The company beat earnings expectations and raised its full-year revenue outlook. Palantir emphasized meritocracy, launching a fellowship for non-college enrollees. Executives at Palantir Technologies praised DOGE in their latest earnings call on Monday as the company reported its first-quarter earnings. "This is the right thing for the country — like, we have way too much spend on things that do not work," said Shyam Sankar, CTO and executive vice president of Palantir, when asked if DOGE cuts will impact contracts. "The government has started to resemble a fine-marbled wagyu — the fake projects that do not deliver and will never deliver crowd out and suffocate the things that could actually be excellent, so we welcome DOGE," Sankar added. Sanker's sentiments were echoed by Alex Karp, CEO of Palantir, who later said on the earnings call that there needs to be "pressure on the system" to "root out fraud, waste, and abuse and to pen test systems to see if they create more value." Their comments came after the AI software and defense technologies company delivered earnings that beat expectations on Monday and hiked its full-year revenue outlook to between $3.89 billion and $3.90 billion. Palantir is up 64% this year, mostly benefiting from its key defense contracts. A government record recently viewed by Business Insider's Rosemarie Ho shows that Immigration and Customs Enforcement signed a $30 million contract with Palantir for software enhancements to its Immigration Lifecycle Operating System, or ImmigrationOS. ICE told BI at the time that it was a modification of an existing contract. This also isn't the first time Karp has praised DOGE. In an earnings call in February, Karp said that DOGE is a "revolution" and "some people are going to get their heads cut off." "We love disruption, and whatever is good for America will be good for Americans and very good for Palantir," said Karp. Palantir was cofounded by its current chairman, Peter Thiel, who, alongside Elon Musk, is known as part of the "PayPal Mafia." In a Monday letter to shareholders that quotes from St. Augustine, President Richard Nixon, and the New Testament, Karp also wrote that the company's results are "indicative of a revolution" and that it could not have been achieved if the company had "submitted to the conventional managerial model in American corporate life." "There is no question that both cultures and companies," wrote Karp, "including the one we have built, must over a long period of time be judged 'by their fruits.' Matt. 7:16." Read the original article on Business Insider Sign in to access your portfolio
Yahoo
06-05-2025
- Business
- Yahoo
Palantir praises DOGE cuts and compares the US government to 'fine-marbled wagyu'
Palantir Technologies executives praised DOGE during their earnings call after strong results. The company beat earnings expectations and raised its full-year revenue outlook. Palantir emphasized meritocracy, launching a fellowship for non-college enrollees. Executives at Palantir Technologies praised DOGE in their latest earnings call on Monday as the company reported its first-quarter earnings. "This is the right thing for the country — like, we have way too much spend on things that do not work," said Shyam Sankar, CTO and executive vice president of Palantir, when asked if DOGE cuts will impact contracts. "The government has started to resemble a fine-marbled wagyu — the fake projects that do not deliver and will never deliver crowd out and suffocate the things that could actually be excellent, so we welcome DOGE," Sankar added. Sanker's sentiments were echoed by Alex Karp, CEO of Palantir, who later said on the earnings call that there needs to be "pressure on the system" to "root out fraud, waste, and abuse and to pen test systems to see if they create more value." Their comments came after the AI software and defense technologies company delivered earnings that beat expectations on Monday and hiked its full-year revenue outlook to between $3.89 billion and $3.90 billion. Palantir is up 64% this year, mostly benefiting from its key defense contracts. A government record recently viewed by Business Insider's Rosemarie Ho shows that Immigration and Customs Enforcement signed a $30 million contract with Palantir for software enhancements to its Immigration Lifecycle Operating System, or ImmigrationOS. ICE told BI at the time that it was a modification of an existing contract. This also isn't the first time Karp has praised DOGE. In an earnings call in February, Karp said that DOGE is a "revolution" and "some people are going to get their heads cut off." "We love disruption, and whatever is good for America will be good for Americans and very good for Palantir," said Karp. Palantir was cofounded by its current chairman, Peter Thiel, who, alongside Elon Musk, is known as part of the "PayPal Mafia." In a Monday letter to shareholders that quotes from St. Augustine, President Richard Nixon, and the New Testament, Karp also wrote that the company's results are "indicative of a revolution" and that it could not have been achieved if the company had "submitted to the conventional managerial model in American corporate life." "There is no question that both cultures and companies," wrote Karp, "including the one we have built, must over a long period of time be judged 'by their fruits.' Matt. 7:16." Read the original article on Business Insider Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
06-05-2025
- Business
- Business Insider
Palantir praises DOGE cuts and compares the US government to 'fine-marbled wagyu'
Executives at Palantir Technologies praised DOGE in their latest earnings call on Monday as the company reported its first-quarter earnings. "This is the right thing for the country — like, we have way too much spend on things that do not work," said Shyam Sankar, CTO and executive vice president of Palantir, when asked if DOGE cuts will impact contracts. "The government has started to resemble a fine-marbled wagyu — the fake projects that do not deliver and will never deliver crowd out and suffocate the things that could actually be excellent, so we welcome DOGE," Sankar added. Sanker's sentiments were echoed by Alex Karp, CEO of Palantir, who later said on the earnings call that there needs to be "pressure on the system" to "root out fraud, waste, and abuse and to pen test systems to see if they create more value." Their comments came after the AI software and defense technologies company delivered earnings that beat expectations on Monday and hiked its full-year revenue outlook to between $3.89 billion and $3.90 billion. Palantir is up 64% this year, mostly benefiting from its key defense contracts. A government record recently viewed by Business Insider's Rosemarie Ho shows that Immigration and Customs Enforcement signed a $30 million contract with Palantir for software enhancements to its Immigration Lifecycle Operating System, or ImmigrationOS. ICE told BI at the time that it was a modification of an existing contract. This also isn't the first time Karp has praised DOGE. In an earnings call in February, Karp said that DOGE is a "revolution" and "some people are going to get their heads cut off." "We love disruption, and whatever is good for America will be good for Americans and very good for Palantir," said Karp. Palantir was cofounded by its current chairman, Peter Thiel, who, alongside Elon Musk, is known as part of the " PayPal Mafia." In a Monday letter to shareholders that quotes from St. Augustine, President Richard Nixon, and the New Testament, Karp also wrote that the company's results are "indicative of a revolution" and that it could not have been achieved if the company had "submitted to the conventional managerial model in American corporate life." "There is no question that both cultures and companies," wrote Karp, "including the one we have built, must over a long period of time be judged 'by their fruits.' Matt. 7:16."
Time of India
02-05-2025
- Business
- Time of India
Peter Thiel's Palantir Technologies to build ImmigrationOS: What is the system being built by close buddy of VP JD Vance and Tesla CEO Elon Musk
Federal authorities are in the process of developing a comprehensive new database system, dubbed " ImmigrationOS ," designed to track and target millions of individuals residing in the United States without legal status. Tired of too many ads? go ad free now Media reports indicate that Palantir Technologies has secured a $30 million contract to build this Immigration Lifecycle Operating System (ImmigrationOS). The agreement with the Denver-based company stipulates the rollout of a prototype by this fall. A recent report by 404 Media also highlighted Palantir's increasing involvement with Immigration and Customs Enforcement ( ICE ), including its role in pinpointing the physical locations of individuals slated for deportation. Palantir already manages the ICE system utilized for Homeland Security investigations. The new ImmigrationOS will consolidate data from numerous databases originating from both government and private sector sources. Palantir has maintained its status as an ICE contractor for over a decade, spanning both the Obama and Biden administrations. What is the scope of ImmigrationOS The reported $30 million no-bid contract will see Peter Thiel 's Palantir Technologies assist Immigration and Customs Enforcement (ICE) agents in constructing a sophisticated system aimed at prioritizing individuals for deportation. This prioritization will reportedly include those accused of gang membership and individuals who have overstayed their tourist visas. The system may also monitor individuals who "self-deport" or voluntarily leave the United States, ostensibly to aid ICE in focusing enforcement efforts on those who remain. What makes Palantir Technologies the ideal choice for the system "These transnational organizations' ongoing campaigns of violence and terror in the United States and internationally are extraordinarily violent, vicious, and similarly threaten the American people," ICE officials stated in their justification for the no-bid contract with Palantir. Tired of too many ads? go ad free now "They present an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States." The document further notes that "Palantir has deep institutional knowledge of ICE operations." The company is "already ingesting and processing data" from multiple federal agencies, positioning it uniquely to develop the prototype "in less than six months." Peter Thiel is close buddy of Vice President JD Vance and Tesla CEO Elon Musk Peter Thiel, the founder and chairman of Palantir, maintains close relationships with Vice President JD Vance and Tesla CEO , with whom he co-founded PayPal. Privacy experts fear that the System could also be used to track Americans Civil liberties groups are raising concerns that systems like ImmigrationOS pose significant risks to the broader public, partly due to the lack of clarity on how the system's use will be strictly limited to individuals living in the United States without legal status. These groups warn that such a system could be readily expanded to target any American citizen.
