Palantir

Software group benefits from global systems and accounting practices ‘that enable tax to be shirked’, says union bossThe software group Palantir paid just £2m in corporation tax in the UK in 2024, despite holding public sector contracts worth hundreds of millions, thanks to tax breaks that are likely to reduce its contributions to governments around the world for years to come.The US-headquartered company, which has harnessed AI to secure lucrative work for the NHS and the Ministry of Defence, is growing exponentially. Continue reading...

• Dow futures surged 400 points and the Dow Jones Industrial Average closed at a record high on Monday, driven by strong earnings reports from Caterpillar and Palantir. • Amazon reached a significant milestone, with its market capitalization eclipsing $3 trillion for the first time. • The S&P 500 is positioned to challenge its own record highs following this broad market momentum.

Shares soar as yearly revenue up 93%, even as opposition grows to company’s role in Trump immigration agendaIn a sea of companies reporting mixed financial results this quarter, Palantir stands out. Although Palantir was not immune to the AI jitters that caused industry-wide drops in share prices earlier this year, the AI and analytics company reported that its overall revenue grew 93% year over year to $1.94bn. That’s well over the $1.8bn Wall Street expected Palantir to bring in for the second quarter.The glowing financials sparked a 10% surge in share prices in the immediate aftermath. Despite growing opposition to Palantir’s work with various governments including the crucial role the company plays in the Trump administration’s immigration agenda, Palantir’s revenue from US government contracts grew 90% year over year to $809m. Continue reading...

• U.S. stock futures trended higher on Monday as investors reacted to signs of a fragile de-escalation of tensions between Iran and other Middle Eastern powers. • Market participants are shifting focus toward a busy week of corporate earnings, with a specific emphasis on the upcoming report from data analytics firm Palantir. • Beyond corporate results, traders are awaiting the release of key economic indicators to gauge the current health of the U.S. economy.

• Markets enter a pivotal week focused on upcoming jobs data and commentary from Federal Reserve speakers to gauge economic sentiment. • Key earnings reports from high-profile companies including AMD, Palantir, SpaceX, Eli Lilly, Shopify, and Caterpillar will provide critical insights into AI investment and consumer spending. • This period is significant as investors determine if labor market data and corporate guidance will support the current constructive technical trend of the three major indices.

• Palantir CEO Alex Karp warned in an interview with Axel Springer CEO Mathias Döpfner that AI is creating a widening wealth gap in the United States. • Karp argued that the primary financial gains from AI are currently concentrated among those developing the technology, rather than being distributed across society. • This growing economic inequality is described by Karp as "America's biggest problem," suggesting that the technology is being oversold as a universal benefit.

• Investor Michael Burry warns of a potential AI bubble, citing a contradiction between Nvidia's need for endless chip demand and cloud providers' plans to reduce capital expenditures within three to four years. • Palantir CEO Alex Karp and Microsoft CEO Satya Nadella have criticized AI labs for implementing excessive pricing and undermining the data sovereignty of enterprise clients. • Chinese low-cost models, specifically DeepSeek, are aggressively capturing developer market share by offering services at less than one-thirtieth the cost of U.S. competitors.