Palantir defends surveillance tech as US government contracts boost sales

AI Summary
Palantir Technologies reported a significant increase in sales, particularly from US government contracts, which rose 66% in the fourth quarter. CEO Alex Karp defended the company's surveillance technology, emphasizing safeguards against government overreach, while omitting specific mention of controversial ICE contracts. Palantir's revenue reached $1.41 billion, exceeding analyst expectations, with projections for continued growth due to government partnerships. The company's work with ICE has drawn scrutiny, mirroring similar criticism faced by other firms like CapGemini, which is divesting a US unit with ICE ties. Palantir is expanding its AI platform, marketing military-grade tools to businesses and experiencing substantial stock growth.
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