Palantir: Pay Us in Bitcoin
May 19, 2021
I spotted an interesting article called “Palantir Technologies Accepts Bitcoin Payments, Might Hold on Balance Sheet.” Bitcoin is the poster child for digital currency. In some circles, Bitcoin evokes thoughts of money laundering and cyber crime. The write up points out in response to a question about crypto currency on the balance sheet:
Palantir’s CFO, David Glazer said, ‘The short answer is yes. We’re thinking about it and we’ve even discussed it internally. If you take a look at our balance sheet there’s $2.3 billion in cash at quarter-end including $151 million in cash flow in Q1. So it’s definitely on the table from a treasury perspective as well as other investments as we look across our business and beyond. Glazer went on to note that “in terms of accepting bitcoin from our customers, we do accept it as a form of payment. We’re open for business there.”
Some of the early investors in Palantir are enthused about digital currency. Business Insider reported that:
Block.one announced on Tuesday that it would launch a crypto exchange called Bullish. It’s landed over $10 billion in backing from Peter Thiel, Mike Novogratz, Louis Bacon, and Nomura. Novogratz said that Bullish’s scale and Block.one’s experience would make it “a formidable player.
Significant moves indeed. However, in the back of my mind is the thought that Bitcoin facilitates certain types of illegal activity. But that’s just my speculation.
Stephen E Arnold, May 19, 2021
Palantir and Anduril: Best Buds for Sure
March 12, 2021
I read “Anduril Industries Joins Palantir Technologies’ TITAN Industry Team.” In the good old days I would have been zipping from conference to conference outputting my ideas. Now I sit in rural Kentucky and fire blog posts into the datasphere.
This post calls attention to an explicit tie up between two Peter Thiel-associated entities: Palantir Technologies and Anduril. The latter is an interesting company with some nifty smart technology, including a drone which has the cheerful name “Anvil.”
For details about the new US Army project and the relationship between these two companies, the blog post was online as of March 8, 2021. (Some information may be removed, and I can’t do much about what other outfits do.)
Information about Anduril is available at their Web site. Palantir is everywhere and famous in the intelware business and among some legal eagles. No, I don’t have a Lord of the Rings fetish, but some forever young folks do.
Stephen E Arnold, March 12, 2021
Palantir Fourth Quarter Results Surprises One Financial Pundit
February 22, 2021
I read “Palantir Stock Slides As It Posts a Surprise Loss in Fourth Quarter.” The pundit noted:
Palantir stock has been very volatile this year. It is among the stocks that were been pumped by the Reddit group WallStreetBets. Palantir stock had a 52-week high of $45 amid frenzied buying. However, as has been the case with other meme stocks, it is down sharply from its recent highs. Based on yesterday’s closing prices, Palantir stock has lost almost 30% from its 52-week highs. The drawdown is much lower than what we’ve seen in stocks like GameStop and AMC Theatres. But then, the rise in Palantir stock was also not comparable to the massive gains that we saw in these companies.
Yikes. Worse than GameStop? Quite a comparison.
The pundit pointed out:
Palantir has been diversifying itself away from government business that currently accounts for the bulk of its revenues. This year, it has signed many deals that would help it diversify its revenues. Earlier this month, Palantir announced that it has extended its partnership with energy giant BP for five more years.
Who knew that a company founded in 2003 would have difficulty meeting Wall Street expectation? Maybe that IBM deal and the new US president’s administration can help Palantir Technologies meet financial experts’ expectations?
Search and content processing companies have been worn down by long sales cycles, lower cost competitors, and the friction of customization, training, and fiddling with content intake.
Palantir might be an exception. Stakeholders are discomfited by shocks.
Stephen E Arnold, February 22, 2021
IBM Acknowledges That Palantir Technologies Is Winning the Battle for Policeware and Intelware
February 9, 2021
I read “Palantir Surges on Deal to Offer Software through IBM.” Yep, the new IBM has apparently accepted reality: Its i2 Analysts Notebook products aren’t the powerhouses they were when Mike Hunter’s company was the go-to policeware and intelware product.
According to the “real” news outfit Bloomberg:
Palantir Technologies Inc. and International Business Machines Corp.are uniting in a partnership that will dramatically expand the reachof Palantir’s sales force while making IBM’s ownartificial-intelligence software easier for non-technical customers touse…
Why? The write up reveals:
Without providing a time frame, Thomas [IBM wizard] said he expects the partnershipto help boost IBM’s customers using AI to 80% from its current 20%. Palantir Chief Operating Officer Shyam Sankar said the technical fitwith IBM and its reach are part of his company’s long-term effort tofinally ramp sales. In addition to commercial customers, governmentcontracts have surged both in number and size during the pandemic. “This is the biggest [partnership] we’ve announced — expectmore,” Sankar said. He said he expects to triple Palantir’sdirect-sales team to about 100 this year, a significant hike for acompany whose management once prided itself on not employing a singlesalesperson.
A couple of minor points:
- Anyone remember the litigation between Palantir and i2 about intellectual property? Of course not.
- What Palantir executives were named in the i2 litigation? (This is a really good question by the way?)
- Do the Palantir solutions generate really happy licensees?
- How do the former i2 professionals perceive this tie up?
- How will the deal impact Palantir’s present cloud services providers?
These are questions which “real” news entities do not ask or answer.
Stephen E Arnold, February 9, 2021
Palantir Titan Positioning
January 7, 2021
I spotted the jargon now used by Palantir for its Titan platform. No, the jargon is not platform. Here’s what the policeware powerhouse states at the Titan Web page:
Titan’s platform upgrade makes Gotham more performant, open, and proactive, so that the world’s institutions can continue turning data into intelligence.
I once heard a Fast Search & Transfer whiz kid use the word “performant.” In 2006, I asked, “What does performant mean?” The answer was, “It means fast.” I asked, “Like the name of your company or fast as in speed?” The reply, “Fast.” That’s the type of answer that may have contributed to some of Fast Search’s challenges.
I also like the Palantirish word “proactive,” which seems forward leaning.
The search and business intelligence vendors have been using the phrase “turning data into intelligence” for years.
To sum up, Palantir is becoming performant in marketing its platform which converts all sorts of information into “intelligence.” Now what is “intelligence”? Answer fast or performantly, please.
Stephen E Arnold, January 7, 2021
Palantir Founder European Investments
December 22, 2020
Just a suggestion for those who want to know what Peter Thiel finds financially interesting. Point your browser thing at “Here’s Where Peter Thiel Is Investing in Europe.” The write up includes some biographical details about one of Palantir’s founders. Then the guts of the write up is a list of companies in which Mr. Thiel’s funds have invested. The list is organized by country so one can see that Belgium has only one outfit with Thiel appeal, Topcompare.be. Germany and the ever interesting UK each have about a dozen hoped to be winners. One of Mr. Thiel’s UK investments is the money sucking Google DeepMind. There’s a pony in there somewhere at the digital stables.
Stephen E Arnold, December 22, 2020
Palantir Technologies Sparks a Controversial Metaphor
December 4, 2020
In an interview with a policeware/intelware vendor, I learned about a financial company’s view of Palantir Technologies. This is the 13 year old start up which recently went public. The company had an astounding 130 customers, about $600 million in revenue, and a modest $500 million in losses in 12 months.
Here’s the comment which I chased down in its original tweeter output glossiness:
The operative phrase is:
A full casino.
If I were a Palantirian unpacking boxes in Denver, Colorado, I would hit the Yellow Pages or the Seeing Stone. An attorney might have some thoughts about a malicious metaphor disseminated via the marvelous firm managed part time by a bearded CEO.
Palantir. A full casino. Whatever does that mean?
Stephen E Arnold, December 4, 2020
Palantir Technologies: Once Secretive Company Explains What It Is Not
November 17, 2020
I enjoy once-secretive companies explaining what they are not. A good example of this type of re-formation is “Palantir Is Not a Data Company (Palantir Explained, #1).” The headline makes it clear to me that there will be additional “we are not” essays coming down the intelware pike. The first installment of what a stealth company communicated incorrectly it seems is:
Palantir is not a data company and not a data aggregator.
The write up wants to differentiate from a company like Datminr or Oracle BlueKai and similar firms. These outfits suck up information and then sell access to those data.
Palantir Technologies is not in that “data” business. The company processes the data its clients have, license, or to which the clients link in an appropriate manner.
The essay makes clear that Palantir is a “software company.” That’s true. Much of the software is open source or crafted to perform specific functions which customers pay Palantir to effectuate. (There are partners and integrators who perform other work for Palantir licensees. Most of these companies keep a low profile and do not advertise their Palantir goodness.
Several observations:
- Palantir is a hybrid outfit; that is, it combines open source software, custom code, and consulting to generate revenue
- Partners and integrators contribute expertise and software shims to allow a licensee obtain a desire output from the Palantir system
- Much of Palantir “runs” on cloud services; for example, Amazon Web Services.
Now that Palantir is a publicly traded company, the once stealthy firm which operated as a start up for more than a decade has to demonstrate that it is avoiding some of the public relations pitfalls for intelware and policeware vendors in the public eye.
How difficult is this task? Quite challenging in my opinion.
I am looking forward to the second installment of explaining Palantir.
Stephen E Arnold, November 17, 2020
France: No Palantir Gotham Clone. Really?
October 29, 2020
DarkCyber noted “A French Alternative to Palantir Would Take Two Years to Make, Thales CEO Says.” The Reuters news story contains information which allegedly originated with Patrice Caine, the CEO of Thales, a rough equivalent to a large US defense contractor like Raytheon or the British outfit BAE Systems.
Factoids which appear in the write up:
- DGSI, the French equivalent of a mash up of the FBI and NSA, said there was no comparable product available from a French company
- France wants to achieve digital sovereignty in the intelware and policeware markets; that is, use French products
- The time required to clone Gotham is 24 months; however, the assistance of the French government would be needed.
DarkCyber observations:
First, the perception that no French company can deliver this type of system may come as a surprise to some French companies. Firms like Sinequa have marketed intelligence capabilities for many years. Some policeware and intelware is just enterprise search gussied up with a stage costume and some eye liner. Plus, there are other companies as well who might interpret the “no comparable product” comment as an affront; for example, hot ticket Datanami or the quite functional Amesys Eagle and Shadow technology.
Second, the desire to use French products is important. However, the French government has not moved with sufficient purpose to cultivate the type of innovation in intelware evident in the UK, for example. The UK is a policeware and intelware hot spot; for instance, the Gamma Group among others. The deanonymization of digital currencies revolution has been chugging along for a number of years because one university moved forward.
Third, the idea that two years are needed before France has a system comparable to Palantir Gotham is either wildly optimistic or an understatement about the time required. Fast ramping is possible with a French nucleus, supplemented with strategic acquisitions. For example, tap Dassault Exalead, provide funding, and recommend that innovative companies be identified and moved lock, stock, and barrel to Montpellier or Toulouse.
DarkCyber’s team can identify what to buy and what to do to assemble a French solution to the need for a Palantir-type system. It is important to remember that Palantir Gotham is “old” in Internet years. There are innovators and talent to create what France wants more in step with the modern era, not the emulation of a i2 Ltd’s late 1990’s thinking.
And where did the phrase “red tape” originate? Yep, France.
Stephen E Arnold, October 29, 2020
Palantir Round Up: The Beyond Search Commentary
October 27, 2020
I received a request for the links to my Palantir Technologies coverage. Here’s a hot linked list to the 17 essays, news items, and analyses which appeared in Beyond Search / Dark Cyber from March to October 2020. Stories prior to this year’s may be located using the search function on the Beyond Search / Dark Cyber blog.
- “Two Palantir Profiles: Some Peculiar Omissions.” This essay identifies several Palantir activities not included in the September 2020 New York Magazine profile of the company and the October 2020 New York Times Magazine article. Why were this events ignored or overlooked by the respective publishing companies?
- “Palantir Technologies: Minor Questions Remain.” A list of nine questions which have not been answered comprehensively. This article appeared in early October 2020.
- “Palantir Technologies: A Problem for Intelware Competitors?” This essay compares Palantir Technologies to Autonomy. Both companies have something in common: Revenue. But Autonomy had generated more revenue than Palantir, and Autonomy chose to sell itself to Hewlett Packard. This essay appeared in September 2020 and included the names of the five prime movers at the company.
- “Palantir: Will Investors Embrace Intelware Outfit Generating Consistent, Substantial Losses for More Than a Decade?” This article appeared in September 2020 and focuses on Palantir’s consistent record of losing money in a boom market for policeware.
- “Palantir Has Only Unicorn Scorn for Fellow Travelers.” The essay identifies Palantir’s signal that it is different from other unicorns. The story appeared on September 7, 2020.
- “Palantir: Planning Ahead.” This is a September 4, 2020, essay about the company’s desire to have a special type of control after the initial public offering.
- “Palantir: Stakeholders May Know Whom to Blame If Money Does Not Flow.” This August 2020 essay considers founder control in perpetuity.
- “Palantir Technologies: Maybe Stealth Is Better for Specialized Services Companies?” This essay explores the upside and downside of a policeware company which goes public, thus exposing more of its information to outsiders. This article appeared on August 24, 2020.
- “Palantir Technologies and Semi Hard Numbers.” A short item about Palantir’s revenues. The story appeared on July 10, 2020.
- “A Peek into Google and Palantir Contracts: The UK National Health Service Versions.” This article provided links to Palantir’s agreements with the UK NHS and was published in June 2020.
- “Palantir Technologies: A Very Unusual Emission from a Specialized Services Firm.” This May 26, 2020, essay points to challenges NSO Group faces and raises the question, “Will Palantir face similar scrutiny when it goes public?”
- “Schmidt Versus Thiel May Be a Proxy for Google Trying Catch Up with Palantir.” This May 2020 article touches on the relationship between Palantir and the current administration in Washington, DC.
- “Palantir to Help HHS Track Coronavirus.” This April 2020 news item points to Palantir’s contract with the US Department of Health and Human Services.
- “Palantir Technologies: Getting the NSO Treatment.” This April 24, 2020, essay points out that Palantir is getting more attention from publications like the Wall Street Journal.
- “Palantir Technologies: Evidence That Making Big Money Comes from a Financial Play, Not a Product.” This April 12, 2020, article raises the question, “Is Palantir a financial play, not a viable company?”
- “MiningLamp Technology: Another Palantir?” This March 30, 2020, article draws attention to a Chinese company which appears to have duplicated some of Palantir’s functionality.
- “DCGS: Palantir and BAE Seem to Be Winners.” This March 9, 2020, article considers the demise of DCGS as a viable wartime information and the pivot to BAE Systems and Palantir as alternatives.
There are other, earlier stories. These provide a snapshot of the Beyond Search and Dark Cyber coverage of the company. Remember. Each of these articles is anchored to an open source news story.
Stephen E Arnold, October 27, 2020
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