Palantir CEO Alex Karp Denies Spying On Americans, Says Firm Has 'Worst' Tech To Abuse Civil Liberties - (PLTR)

Core Viewpoint - Palantir Technologies Inc. CEO Alex Karp defends the company against allegations of surveillance on U.S. citizens, emphasizing the robustness of its technology and the company's commitment to civil liberties as its stock price and revenue continue to rise [1][2]. Company Response to Surveillance Claims - Karp firmly denies any involvement in large-scale surveillance, stating, "We've never done anything like this" and highlighting that Palantir's technology is designed to be difficult to misuse [2][3]. - He argues that Palantir's software features immutable logs and serialization, making it nearly impossible to track individuals secretly [2]. Addressing Criticism and Misconceptions - Karp notes that critics often misunderstand the nature of Palantir's products, asserting that while any technology can be abused, Palantir's is built to be the hardest to misuse [3]. - He encourages skeptics to test the software rather than rely on speculation [3]. Historical Context and Employee Dissent - Karp dismisses past accusations, including a request from a Democratic administration to create a Muslim database, which Palantir refused [4]. - A New York Times report alleged that the Trump administration used Palantir's Foundry platform for federal data sharing, raising privacy concerns, which Palantir labeled as "blatantly untrue" [5]. Financial Performance - In Q2, Palantir reported $1.004 billion in revenue, a 48% year-over-year increase, surpassing analyst expectations, marking the eighth consecutive quarter of exceeding Wall Street forecasts [6]. - U.S. revenue increased by 68% to $733 million, driven by a 93% rise in commercial revenue and a 53% increase in government contracts [7]. - The company raised its full-year revenue guidance to approximately $4.15 billion, significantly above prior projections [7]. Stock Performance - Palantir's shares have surged over 365% in the past 12 months and are up nearly 116% year-to-date, indicating strong market performance despite short-term volatility [7][8].