Here’s what Palantir will do for UK Defense
Palantir, the American big data analytics company specializing in military software, has been awarded a $91 million deal with the British military. Facts, numbers and insights
Palantir will aid UK military operations and intelligence.
The company co-founded in 2003 by Peter Thiel has signed a three-year, $91.39m (£75m) deal with the UK's Ministry of Defence. The US software company announced this on Wednesday, saying the partnership will support the digital transformation of the British MOD.
The news reflects how US and European allies are looking to technology for an edge in warfare, at a time when new systems have aided Ukraine in its reversal of Russia's march towards Kiev, Reuters comments. Palantir also opened an office in Ukraine after CEO Alex Karp became the first head of any global business to meet with Ukrainian President Volodymyr Zelensky following the invasion of Russia.
Despite the war, Palantir shares have tumbled like other tech stocks this year, down about half since March . Palantir Technologies lost $101 million in the first quarter. While the loss is an improvement over the same period a year ago, it is larger than analysts expected.
Born in Palo Alto and now based in Denver, Palantir grew thanks to the investments of In-Q-Tel, a venture capital linked to the CIA.
All the details.
WHAT PALANTIR WILL DO FOR THE UK ARMED FORCES
Palantir will aid military operations and intelligence by further expanding access to its software across the Ministry of Defense following a partnership with the Royal Navy that began years ago.
“Palantir Foundry software is critical to the transformation of the Royal Navy, driving radically improved availability of its ships and submarines,” Rear Admiral Jim Higham said.
Working closely with Defense Digital, Palantir software will enable the MOD to leverage data at scale and speed to make faster, better decisions across defense.
Palantir's software will advise the military on possible actions in real time and provide predictions on how various choices might play out, the company said. Abundant satellite imagery allows military analysts to detect changes on the battlefield in no time, with AI software identifying tanks, artillery or other targets.
THE FEARS OF BRITISH PRIVACY ACTIVITIES
During the pandemic, Palantir has helped the governments of more than a dozen countries with coronavirus data analysis. The company's software aggregates reported cases, tracks the distribution of medical equipment, and predicts future outbreaks.
In the UK, the NHS, the British National Health Service, has officially confirmed that it is working with Amazon, Google, Microsoft and Palantir. Although the latter specified that "Palantir is a data processor, not a data controller, and may not transmit or use the data for wider purposes without the authorization of NHS England", the British privacy groups They have looked into Palantir's dealings with the NHS over the past two years over fears the government could get new surveillance powers.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/ecco-che-cosa-fara-palantir-per-la-difesa-del-regno-unito/ on Thu, 22 Dec 2022 06:34:05 +0000.