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Posted: October 13, 2020 |
Palantir Technologies (PLTR) simply completed their direct listing on the New York Stock Exchange so it is now possible for anybody to purchase Palantir stock off of the general public market. Instead of Palantir raising cash through a Palantir stock IPO, Palantir stock (PLTR) finished a direct listing (say goodbye to shares issued or cash raised) to provide their shareholders liquidity. Palantir (PLTR) is an information analytics business creating software application options to analyze big information from several sources to spot relationships or patterns that help achieve jobs that would otherwise be unwise. While Palantir's software application has applications such as this that are absolutely helpful for society, one need to anticipate consequences for opening the Pandora's box of huge data. Today on 9to5investing, I am going to cover Palantir which is possibly the most controversial business to IPO on the United States stock market and speak about whether I think Palantir stock (PLTR) is an investment worth making. If you are brand-new to this channel, please think about hitting that mouthwatering subscribe button because I will be bringing you more entertaining and informative videos like this about today's gamechanging stocks. The structure of this video about Palantir stock (PLTR) will consist of a quick introduction of this company including what they do and who they have as consumers, the ethical problem surrounding this company's questionable organization practices, and whether I think that Palantir stock is a strong financial investment for the long-term. Palantir is a software advancement and consulting company that was founded after the 9/11 terrorist attacks with the objective of keeping western countries dominant, particularly in terms of expert system, in order to promote international peace and prosperity. That being said, Palantir just works with western nations like the United States. To provide you a concept of what this company is attempting to achieve, we should check out the origins of the business's name. The name Palantir in fact comes from The Lord of the Rings. Palantiri are these stones that only a person of excellent strength of will and wisdom might utilize to communicate and see events in other parts of middle earth that might be from the past or future. Palantir makes good sense as a name for the business as this is what they are attempting to do from a really broad sense; use huge information from the past to anticipate events in the future. Palantir's systems are highly customized for each of their clients and this belongs to what makes it difficult to comprehend exactly what this business is doing. Nevertheless, the general idea is that Palantir is assisting their customers take large quantities of information from numerous sources, store that data securely and firmly, then that Great site client is able to use extremely specialized algorithms to discover uncommon relationships and patterns throughout the different sets of information to draw helpful conclusions. Records show that federal authorities have utilized Palantir's data platform (Palantir Gotham) to locate terrorists, insurgents, drug smugglers, and expert traders. Palantir really began out by obtaining $2 million in funding from and doing work for the Central Intelligence Agency. In the years that followed; Palantir won contracts from several more federal government firms such as the FBI, Department of Defense, and many controversially, the migrations and custom-mades enforcement company. Although Palantir began working practically exclusively as a government contractor, they expanded their horizons into the business area in the recent years. In 2020, Palantir derives about half of its profits from the federal government sector and about half from the industrial sector. Significant business clients include Fiat Chrysler, Jet, and BP. Palantir has already assisted many organizations utilize big information to solve issues that make the world a much better place. These information analytics tools are powerful and typically a force for good up until now. Nevertheless, even the CEO of Palantir Alex Carp recognizes that these powerful tools are most likely to end up being a double edged sword. Have you become aware of Huge Brother from George Orwell's dystopian unique called 1984? Essentially, in Orwell's dystopian world, every citizen is under continuous surveillance by the authorities utilizing these telescreens that monitor every movement and conversation that a person has. Citizens in the book are constantly reminded to not rebel versus the federal government because the "Huge Bro is seeing YOU." I recommend leveraging huge data and synthetic intelligence to foil terrorist attacks and arrest those that exploit kids. But what if this government surveillance extends too far? If the United States federal government might utilize synthetic intelligence to scan hundreds of databases of phone records, text, GPS coordinates from phones, social media posts, and so on then they could in theory know way more about any provided citizen than one may be comfy with. At what point does this monitoring for the higher excellent go too far?
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