/biz/ - Business & Finance

like, i get that it lets you draw insights across lots of different data sources. but how specifically, and why is this difficult for other companies to do?

No one really does but it’s backed by Peter Thiel and its extremely ambitious

Palantir renders LINK useless

it's what the government will use to spy on you

>>23817627
it has begun

>>23817627
PLTR fucks sissy boys like OP in the ass with big, raw, data.

>>23817679

>>23817659

This rabbit hole is too deep. Basically they scrape all known data sets and buy private sets from health care providers then use that to predict the future. Everything from credit card purchases to gps locations. Driving speed. Porn searches every trade in Wall Street. They just need all the data no matter what. Then they look for “abstract triggers” and sell that data for better trading insights. An “abstract trigger” may be every time you buy a snickers bar exactly x amount of Nike shares get sold. Weird stuff.

>>23817992
but palantir don't buy and sell data, do they? i thought they just provide the analysis framework

It's a big data prediction company. Can be used for predicting all kinds of shit. It's like minority report.

>>23818049
i know but like give me examples of how that works and technically what it's doing

>>23817651
They do it with proprietary algorithms/mathematics. It is difficult for other companies to do because it is literally cutting edge proprietary knowledge developed by highly paid geniuses. Your question is like asking "Why didn't Japan just make a nuke and nuke the US first?"

>>23818071
It takes many different data forms (communications data, communications metadata, internet data, market data, weather data, etc etc) and processes it using proprietary techniques.

For example, say the tech is used for catching criminals. It would analyze all communication being done in a city (and larger area likely based on individuals' communications) and scan all language used, patterns of motion, etc to determine people that are most likely to engage in general crimes or the ones who were most likely to have committed a murder or something.

Unscalable fake saas project that failed to make a profit in 17 years and has a horrible governance structure. Hard pass

I really thought this was going to the $8 range so I didn't buy

Hopefully it will correct and more insiders will dump when lockup ends so I can get in at a good price.

Just think of it as a task force of humans for example:

Those people are going to be assigned to peruse through as much data as possible, to learn the habits and tricks of criminals, and to ultimately find a way to arrest them.

Palantir is just software that does all of this on a much grander scale and in a much faster way than humans can in many cases. I imagine it will develop more and more if it has more and more successful implementations.

>>23818015
I don’t know the specifics but that’s the gist of it. They also do anti terror work with us gov and have servers set up in police stations around the country that help monitor real time traffic and airport activity

>>23818172
A lot of these big tech entities haven't made any profit and just burn cash. It is strange to me that they continue to grow more and more and I wonder how much of it is from the government buoying them because of how useful they can be.

didn't read, bought vectorspace instead. enjoy buying your already highly-valued stonks though.

>>23818247
whats vectorspace

>>23817627
Fuck I work here and I was scared af when I just clicked /biz/

--

Nothing works right, jira has countless bugs, their security is trash.

I wouldn't own equity, but I negiogated for it upon being hired.

Smart Contracts will unironically make data much better for entities like Palantir.

>>23817651
You know that South Park episode where they suddenly remove internet anonymity?

>>23818283
i mean the CIA and military are buying it so the security cant be that shit

>>23818264
>shitcoin of a startup offering special nlp/nlu-type datasets (including patents) for machine learning, correlation, etc
>already in talks with microsoft, s&p, did tests with cern, many hedgefunds in particular, dropped amazon collaboration because amazon is supposed to steal technology, etc, etc.
>tokens will be used to access the datasets and revenue used for 50% token buybacks from the market
>currently at ~20 cent each. many (including the team) expect a realistic $50-$100 or beyond per token in 3-6 years.
>https://www.coingecko.com/en/coins/vectorspace-ai#markets
quote of many partners: "nobody is offering what we are offering." it's one of my data/ai-themed shitcoin gems next to RLC and ocean.

>>23818232
Not really, Federal awards, who do you think codes DHS, USCIS software? No one else wants too. Accenture is bullshit and it's a big deal to jump through hoops because it is federal requirement that everyone must be a US Citizen.

>>23818218
This is called fusion centers, and there are places that mirror data for collection and live analysis.

>>23818183
Yes and no, pattern recognition is why IQ tests are questionable and the software is only as good as the data it gets to extraplate.

>>23818172
no profit needed all true success is behind gov deals.

>>23818140
Wrong, you have the idea but it measures "metadata" not per se communication as that is illegal, and not feasible just yet, but collection over 5G will be easier, though we did go backwards highly because messenger, whatsapp, telegram are encrypted and not impervious to MITM but phone calls and text messages are.

>>23818083
Wrong, it isn't creating the algo, it's the execution and integration with telecoms, government and being the elephant in the room. You'd be surprised how simple sorting and automated filtering can get you in the world of data.

>>23818015
Not data brokers, correct.
>>23817992
Different silo, yes, but this is for insurance companies for risk mitigation/liability and then is also featured for states to know what to invest in. Alot of the stuff is really simple, but the reporting being friendly and easy is why it's popular.
>>23817659
He backs lots of shit, means shit.

Ask me anything, no I won't tell you which office but I will say there's an exodus going on. People quit all the time because of tethics, to the point where if you bring up silicon valley quotes you'll be shunned as pariah and guided that isn't the right way "they" do things (move fast and break things.) and people have been let go for it's memes in emails.

>>23818432
>>23818264
palantir is also brought up a lot in their telegram, which i felt like shitposting here.

>>23818451
why is palantir better equipped to offer these services than other companies?

after they sell a customer, whats the moat like? e.g. how easy would it be subsequently for some other company to poach the work?

>>23818451
also can you describe the nature of the work that palantir does for hedge funds

>>23818451
Mind if I ask what you do at Palantir and how you landed that job? Yes, I was mostly talking out of my ass before.

t. software engineering student trying to figure out how to get ins in some of these larger companies

>>23818451
Also, do you have any thoughts on Smart Contracts "cleaning up" data to make it more useable for analysis? Gartner has been shilling this perspective over the past year and I can't really conceptualize how smart contracts make data "cleaner."

come back palantiranon

What it does it it goes up.

>>23818413
t. never worked for the feds
Feds are incredibly secure in some aspects and laughably low secure in others.e

>>23818175
yeah im in the same boat, waited for 7-8 now I see it at 15 wtf
assumed Biden presidency would fuck up the stock, since big tech and liberals absolutely hate that company
then again most PLTR investors are absolute Drumpf loving brainlets who dont have a clue what the company really does

>>23818451
can you keep up current revenue growth rates of >40% Y/Y?
does most of the growth come from upsales to existing customers and how is new customer acquisition going?
what tech/knowhow/philosophy gives you an edge over other big data companies?
what was the mood like after it was clear that Biden would win?
are you doing business with the Saudis?

>>23817627
everything Thiel is involved in turns to Gold.

>>23820053
Watch the IR day presentation if you haven't yet

>>23820053
lols why not

1. Revenue growth isn't an issue from what I've been exposed to. I'm not FPA/finance though.

2. Upsales, service contract and renewal make sense. Not sure about customer acquisition, but there isn't like a Sharepoint or org wide email saying we got someone new. At best maybe new emails in the address list, new jira section for epics and maybe slack channel.
3. Philosophy is working for whomever and discarding morals. Lots of people did quit and there's great conversation around what's right. Techstack, anything really, if you can breath and cobble together a loop and know basic algos, you can get in, especially if you're a minority.
4. Different human, same mission, who cares. Look at Obama's wars and Trump, did trump overnight stop them? No. More work planned as future work against USA threats are going to increase. Trump was liked because of his pacifist nation but no one understands its basically running a spreadsheet and asking why. Then again in tech, I'm generally pariah as I don't agree with the notion of bleeding heart and that minorities are kind. Ironic really as I'm considered a minority in the USA, but I'm all conservatism.
4. Saudis, probably, they are a US ally. Would make sense, I don't know - I work on other stuff that isn't exported.

>>23818649
They approached me, my background is tech, FAANG and I made it a hassle for them to recruit me. I was swayed because the questions were fun and the compensation is really high for the work being done. I do wonder if it's because political leanings, but I do have friends here from other places. They also hold hackdays and meet n drinks in big cities and hire only from A/B/C tech firms.

>>23818690
No idea.

>>23818586
No idea, lots of quants and foreign workers though. Before corona, we had colors indicating whom we could chat with. Now there are group restrictions and such, but you can still directly message people and browse some jiras/sites w/o breaking permissions

>>23820270
please address >>23818530

It's an elite tech company for conservative software engineers with a high work ethic.

Also more interested in cash than morality

>>23820463
they don't do business with china tho

>>23820053
>he thinks the president’s administration decides

The intelligence agencies run themselves. They don’t need permission from whichever bobblehead got elected. Thiel and his ilk have a grim view of the future (well, not grim for him). It’s literally him and a few billionaire friends mooning their way to New Zealand to escape the hordes once capital is done excavating the remaining wealth in the middle class.

I see men doing crazy things, new inventions, new models, new paradigms. From the programmer to the sculptor, men always creates greatness, always creates things with purpose, which pushes humanity ahead of the animal condition.
But when I look at women, they dont create anything. Its only whoring, whoring, and more whoring. If anything, they pushes humanity back to the animal condition, so they are a deterrent.
So, why are women still around? Why men still didnt create clones, or robots, or even virtual devices, to replace them?

>>23818530
Really hard to write a good reply, everything I want to say I shouldn't.
1. Data assurance.
2. Employees are USA only for the fun stuff.
3. Competent staff aren't compensated enough in public sector, or probably have habits that aren't befitting of public sector.
4. Lots of public sector tech engineering staff are idiots, can't code. Anyone that can code can get a 6 figure job instantly and that is lagging in federal work.
5. Support contracts, continued roll out and general we built the product, who else can you hire? Vendor lock in.
6. Work pays for itself in reduction of staff, or showing proof that the goal was met, money saved, lets re-invest it back into us because we know what we're doing and we make you look good.

There's more, of course, but, unless you find me in a bar wanting to impress you, I probably won't reveal.
Now if you do ask me something really interesting, and the only way I could reply is by just being interesting, that could work.

>>23820495
it's ok. i dont want you to compromise your job or values, thanks for sharing what you've been able to.
do you enjoy working there? what's a typical day like?

>>23820495
oh also, if Palantir were to expand to a third business segment, what do you think that might look like?

its an actual bullshit overpriced shitstock. Buy Freedom Reserve instead because once freedom reserve takes over everyone at palantir gets the rope