Palantir Technologies CEO Alex Karp forcefully denied allegations that the company is facilitating unlawful surveillance for the Trump administration. His response followed a New York Times report claiming the government uses Palantir’s platform to centralize data across agencies. In a CNBC interview, Karp called the report “ridiculous” and defended the platform’s security. He accused the Times of lacking technical understanding, stating that even a junior engineer could identify dozens of errors. Karp said Palantir is the most secure and tamper-resistant platform available, making it unsuitable for unlawful surveillance. Palantir recently signed new contracts with the Department of Homeland Security and the Pentagon. The New York Times reports the company is in talks with the Social Security Administration and IRS, warning that broad adoption of a single platform could enable Trump to consolidate data across agencies. Karp criticized *The New York Times* for spreading misinformation in a volatile environment, saying it poses real-world dangers when people believe false claims. Shares are up 64% year-to-date but fell 5.58% on Thursday.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Palantir Technology's CEO Alex Karp forcibly denied allegations that the company is facilitating
00:07unlawful surveillance for the Trump administration. His response filed a New York Times report
00:11claiming the government is using Palantir's platform to centralize data across agencies.
00:16In a CNBC interview, Karp called the report ridiculous, defending the platform's security.
00:21He accused the Times of lacking technical understanding,
00:23stating that even a junior engineer could identify dozens of errors.
00:26Karp said Palantir is the most secure and tamper-resistant platform available,
00:30making it unsuitable for unlawful surveillance.
00:33Palantir recently signed new contracts with the Department of Homeland Security and the Pentagon.
00:37New York Times reports the company is in talks with the Social Security Administration and IRS,
00:42warning that broad adoption of a single platform could enable Trump to consolidate data across
00:46agencies. Karp criticized the New York Times for spreading misinformation in a volatile environment,
00:51saying it poses real-world dangers where people believe false claims.
00:54Shares are up 64% year-to-date, fell 5.58% on Thursday.
00:58For all things money, visit Benzinga.com slash GSTV.