When asked if the Government Department (DOGE) directed by Elon Musk would serve as roadblocks for their business, the CEO and Palantir technology director was extremely optimistic about the control foundation and D ‘balance that Doge poses.
“Real competition from Palantir is a lack of responsibility for the government, these software projects forever that cost a mad amount that does not really give results. These are sacred cows of the deep state,” said the director general of Shyam Sankar in the WebColation of fourth quarter gains Tuesday.
“And I think Doge will bring meritocracy and transparency to government. And this is exactly what our commercial enterprise is,” he continued. “The commercial market is meritocratic and transparent, and you see the results we have in this kind of environment. And this is the basis of our optimism around that.”
The data analysis company compatible with artificial intelligence has reached its own milestone this week, while investors reacted positively to the profits of the fourth trimester of Palantir and increased the shares that could reach 28% before settling in a gain of 24% by the market.
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Forbes said that Palant’s market capitalization had jumped up to $ 240 billion, a business file, which makes it more precious than popular names like McDonald’s, American Express and Disney.
More than half of the Palanient activities come from government contracts. During an appearance on Fox Business in December, his CEO Alex Karp shared his unreserved support in Doge, adding that there is no “best person” than Musk to direct it.
“We love the disturbances, and everything that is good for America will be good for Americans and very good for Palantant,” Karp said during Tuesday webdiffusion. “Disturbance, [at] The end of the day exposes things that do not work. There will be ups and downs. There is a revolution. Some people can cut their heads. “”
“We expect to see really unexpected things and win, fundamentally, that’s what we are going to do,” he developed. “And we are quite optimistic about the American environment.”
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“The work we have done in the government, it is deeply operational, deeply precious, and we are very delighted that exceptional engineers enter the hood and to see this for a change,” also said Sankar.
From the opening bell on Wednesday, the palantant stock was slightly down from its summit on Tuesday from $ 105.79.