Palantir CIO Jim Siders leaves to become head of Thrive Capital's new IT services business

Core Insights - Thrive Capital has appointed Jim Siders, a former Palantir executive, as CEO of its new IT services business, Shield Technology Partners [1][2] - Shield Technology Partners aims to invest in and grow IT services companies by leveraging advanced AI technology [3][4] Company Overview - Thrive Capital, founded by Josh Kushner, launched Thrive Holdings in April to manage companies that can benefit from technological advancements [3] - Shield Technology Partners was established in June with initial funding exceeding $100 million from Thrive Holdings and ZBS Partners [3] Leadership Background - Jim Siders has over 12 years of experience at Palantir, where he served as chief information officer, managing global IT operations and infrastructure [2] - Siders began his career at Palantir as an IT helpdesk engineer, showcasing a strong technical background [2] Business Model and Strategy - Shield Technology Partners focuses on acquiring stakes in small and mid-sized IT services companies and aims to enhance their growth through access to cutting-edge AI technology [3][4] - The company currently collaborates with seven businesses and anticipates generating over $100 million in revenue this year [4]