Watch CNBC's full Interview with Palantir CEO Alex Karp at Davos
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- Опубліковано 22 січ 2020
- Palantir Technologies CEO Alex Karp joins CNBC's Andrew Ross Sorkin to discuss the company's contract with ICE, how he thinks about the Apple privacy debate, and its plan to IPO.
Palantir CEO Alex Karp said he stands by his company’s controversial work for the U.S. government, including Immigration and Customs Enforcement.
The secretive Peter Thiel-backed data analytics start-up ramped up its work for governments in 2019, Karp said Thursday.
″The core mission of our company always was to make the West, especially America, the strongest in the world, the strongest it’s ever been, for the sake of global peace and prosperity, and we feel like this year we really showed what that would mean,” Karp said in an interview with “Squawk Box” co-host Andrew Ross Sorkin from the World Economic Forum in Davos, Switzerland.
Palantir has reportedly grown its inventory of government contracts to more than $1.5 billion in value by beating out more traditional defense contractors like Raytheon. Last March, Palantir won an $800 million contract to build an intelligence system to aid soldiers in remote environments. Since 2014, Palantir has worked with ICE to identify undocumented immigrants, prompting some employee protests.
“We started this contract under Obama, and obviously there’s a lot of legitimate concern about what happens on our border, how it happens, and what does the enforcement look like?” Karp told CNBC. “It’s a legitimate, complex issue. My personal position is we acknowledge the complexity. The people protesting, whom I respect, should also acknowledge that complexity.”
The company now has a private valuation of more than $20 billion and is reportedly considering an IPO next year.
Palantir is a Silicon Valley paradox: Seen as innovative and forward-thinking like its California counterparts but clandestine and hawkish like its D.C. competitors. While employees for Google, Apple and Amazon have loudly protested to their companies’ involvement in government work with private data, Palantir’s CEO has embraced the role of big tech companies in Washington.
“My house has been protested for many months, almost every day,” Karp said. “Our offices have been protested. Many Palantirians, who do not just follow what I say but are critical people, protested against it internally. Some people were so upset by it that they left. These are very hard decisions. I respect the people that that have decided they can’t be involved in this, but we have a position.”
Last month, Business Insider reported that Palantir is working on Project Maven, the Department of Defense program that Google dropped in March following employee backlash.
“If this were true, I’d be very proud,” Karp said about the reports, but didn’t confirm Palantir was working on the project.
Palantir’s work for the government has drawn the ire of some in Silicon Valley, especially as competitors like Google have turned down government contracts. Employees at Microsoft have protested over the company’s $480 million HoloLens contract with the Army. Karp, however, defends his company’s public-private relationship.
“It’s commonly known that our software is used in an operational context at war,” Karp said. “Do you really think a war fighter is going to trust a software company that pulls the plug because something becomes controversial with their life? Currently, when you’re a war fighter your life depends on your software.”
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Great video ! I really do have a quick question. For someone with less than $10,000 to invest, How would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. Whats your take on this approach?
I tried copy trading, just when I started investing last Christmas. Had a poor experience, the guy I copied made many small trades, slowly loosing money. What good came out of it was that it gave me an insight into how the market really works. Make sure you do your homework!
When the market was bullish and everything was on the green, I copied trades from eToro traders, and frankly I’m happy by this decision. My portfolio went up with around 6% for a week. Once the market went red I sold my profits. My actual experience is that my returns are different than the people I copy so liquidate all my assets and recopy only 1 trader. So far I am up 33.41% which already includes the recent market decline. As long as you do your research on who you’re copying and what their strategy is, it’s a nice hands-off way to invest.
@@jenniferanderson9640 Hi, where can I find traders to copy?
@@michaelgrant5829 I usually go with registered representatives. *Nola* *Valerie* *Leuthner* for example has the best performance history (in my opinion) and does offers 1v1 consultation to her copiers which I think is amazing. I don’t know how many traders like that are there.
@@jenniferanderson9640 Thanks for the information, I searched her name on google and I'm impressed with her info, i will be writing her through her website shortly.
This guy has a firm grasp on how the real world works. Its simple, do you want the ideology of democracy and freedom to succeed or would you rather live like China. The AI, 5G and Data race is real.
People who make a real difference for good are basically never popular
“The idea” of democracy is definitely the right way to state this. Our nation’s elections are corrupted through lobbying and we spread “democracy” by force. It is actually imperialism by hegemony. I’m not saying it is right or wrong but it is what it is.
He's a firm believer in progressive idealogies. This company is like the Minority report in its infancy. He believes in trends that extend past administrations. Palantir is deep state, make no mistake.
if conscience gives sway to the dollar then the IPO is probably worth a buck or two.
lol he spie on all, thats dictatorship dream, he is a perfect tool of a dictator
We have a choice? 😳
One of the most thoughtful CEOs in the valley, I very appreciate this man.
Profiting off Surveillance Capitalism, what’s the worst that can happen?
Paypal mafia❤️
As an aerospace engineer who’ve been in MANY meetings with leaders of U.S. Air Force, this is guy is 100% right, our warfighters will NOT trust a software company that’s not America interest first. Either you’re with it or get out the room. Period.
This guy is a bad ass. Has to be the best CEO interview I have seen he is straight to the point and looks extremely knowledgeable with the intricacies of tech in government.
This is an IPO I want to buy. What the heck when every other startup looks like fluff this guy has been racking in cash since the start.
What would you fawn over?
Straight up first words out of my mouth "this guy is insane!" (insane in the good way)
then I read the first comment.. hahaha
Total badass!
Exactly. That was what I planned to comment. He is on the ball, tough, pretty brutal and honest in the answers.
Same.
Well this call turned out to be on the money.
What an agile guy. He is like a smart leopard, answering tough questions like he would easily jump into unreachable branches, not afraid from scratches and being dynamic. Wow. :)
If you don't know how he became CEO you should check it out !
He grew up a hippie :P
Great company and CEO.
You'll never see this guy in front of a congressional hearing committee.
why?
@@Tech-Invest you sure? blackwater ceo was in a hearing :D eventually if the public demands people appear at congress hearing, does not matter how deep you are connected, thats how PR works at washington
He and Thiel together are an unbeatable combination.
Don't forget Luckey Palmer
Alex Karp at the end of the interview: "Now excuse me while I go shred that black diamond behind me."
@nigel_bd billionaires still wear pants and eat sandwiches like the rest of us.
He’s bad ass hey.
I can't give this guy my money fast enough!!!
I'm a believer. Alex Karp is the intense, serious version of Elon Musk.
Who else is buying Palantir stock?
Just bought some more on discount.
yeah been watching interviews with him and scored glassdoor to understand the company better
this is a buy
@@ManchesterUtdFan this has not aged very well
@@jmswolf1 i'm invested too man :p just kidding. Solid investment!
100 shares baby!
wow this dude is intense
YES! I was thinking the same. Respect!
the last 5 seconds when he says "take care" is so boss.
Such a badass. Can't wait to buy stock
I like this guy. Going to buy their stock when it goes public, I wan't a piece of the Palantir ;)
same, can't wait, hopefully 2020.
Do you think they'll go public? Would probably lose them a lot of clients, as they'd be required to disclose a lot more information
@@philippheller9439 I think so, maybe even 2020. I would doubt your point. Of course, regarding finances they would have to show much more information, but speaking of their actual work with clients, I don't think that they would have to open up that much.
@@philippheller9439 Don't need to disclose too much. Think of Boeing/Lockheed and their top secret contracts, and they're publicly traded.
It's out today!!
They are coming public people be ready to get loaded this guy is a genius.
@@xcoo77
200 shares holding a long term
Bought a good amount @ $9.33. Gonna be our next Google of IT Security with an American focus. The sky is the limit. You just need to be a patient investor.
Dang! He is on another level. This guy can seem to make anyone invest heavily on just about anything and make it successful. Although I know very little about Palantir, I’ve seen the leader and I’m buying
Alex Tarp dropping bombs! Great company to hold in the long term!
great this guy is building the AI from westworld.....I'm in!
He is very clear and concise with his words. He says the right thing.
This guy is a straight up genius
Google refused to work with US gov.
Enter these studs, Palantir
Extremely impressive interview. Bill Ackman's new SPAC would be an ideal vehicle for Palantir.
This dude is the pure definition of a genius.
Amazing interview. Glad I invested in this company.
The guy is a patriot. I guess more money is going into Palantir, now 😎
CEO Alex Karp is 100% right. While authoritarian countries have no qualms about using personal data against their citizens and the west, AK tries to improve US's defense and be sensitive to personal data at the same time. He is doing a great job, and he is a progressive Patriot.
Thank you patriot
A bull market for monopolies and bear market for everyone else, wow spot on
Such a brilliant synergy of values and intelligence by Alex Karp
"you don't focus on growth with the sweet vapors of foreign venture funds. You focus on growth with high quality products." Oook bitten on the ass.
Bruh... Alex Karp literally ans every question perfectly... like...
Long $PLTR!
Anybody else hear buzzing?
I have faith in this man. I dont care about the price right now! 1.5B just from the government? 10 years from now , that will be laughable. Every country allied with the US will use this after seeing the benefits or theyll try to make copies of this. At least try to copy. I am so confident on this stock !!!
I think this company will be golden.
I love Palantir.
Too late. How many are watching this after today's IPO?
very powerful message from the ceo
i see this company becoming a massive defense contractor. This company will do to all legacy defense contractors what netflix did to blockbuster video. I worked for a defense contractor and hands down our cash cow was intelligence software.
A great guy!
Well said
Surprised he missed out Canada,uk, Australia and New Zealand Who are part of the 5 eyes intelligence sharing project. Was it deliberate ?
Where did they shoot the interview, in the Swiss alps? Anyways, it looks like a great company, anybody has any educated ideas of how high this stock can go? and in how long? thanx
Check Tom Nash on UA-cam, he does a lot of vids on PLTR analyzing it’s potential. Per his latest vids, stock will be at 40-150.
Or check Cathie Woods interviews or her own vids on Ark’s yt channel.
Cheers
450-1000. 450 with the projected revenues removing all the hype that will boost the price. 1000 or higher once they show they can reach that $21b a year revenue target and the street goes crazy and buys it up.
Time line? 5 years.
power!
PLTR to the moon
beast interview
Straight talk it still exist.
Sold!
10:54 ipo
this guy is a boss.
Glad I own 100 shares of Palantir. And I only want to own more !
Like a boss.
Because he is one.
Go Alex!
Awesome company but is the IPO overvalued? Should look into the company’s S1!
7$ only bro
Lol
TRUE PATRIOT.
When is the IPO?
You missed it :(
End of September
America first!
Why would this company IPO if not for insiders to be able to cash their bonus shares and not have to wait for specific dates to sell their holdings. Theyve been able to grow and land great contracts thus grow revenues and size and have been able to land contracts with all 3 letter entities...def not an easy feat. Do I think it can be a great investment...yeah hands down..do i think its infringing on right to privacy of the citizens (?) absolutely 💯. So damn if you do invest and damned if you dont and you miss out on a great opportunity.
Best to invest so that you can have some control
This guy looks like mad scientist. :D
But he is a lawyer!
Pltr will be the next zoom of 2021. Mark my words.
Guy is swtiched on :)
So..... did you guys get in??
CEO mood: ugh I can't explain the WHOLE booty, just know it is soooo goood.
😂🤣
The CEO of Bagholders Inc.
🚀🚀🚀🚀🚀🚀
the last og
who are they?
I just watched this and Ive been saying Palantir wrong for months.
this company will go under or become Skynet
Project Maven....
I'm a buyer.
This dude is the CEO and he made Pulp Fiction chill dude
JOSE REY Q DABALOS-ACH. PH.1700.CITY OF PQUE:
In at 10..gl all
You're either with us, or against us
Karp is on fiyah
The Bezos question totally irrelevant.
Here's an updated take on Palantir : 11/2/2020
ua-cam.com/video/NRI_vvdAdvc/v-deo.html
going public soon, September maybe?
@Keyboard Chase why don't you think so?
@Lovecraft saaaweeeet, hopefully it's not as expensive as Snowflake ffs loll
If you look into the eye of Sauron, the eye of Sauron looks into you
He was struggling so hard to not say "a nation state can hack your phone instantly" 😂
Interviewer did a good job. Have been watching several and most of the interviews with Alex Karp have been junk.
we like the stock
Wow.. He called Palantir the nuclear bomb of tech
PLTR stock: Get ready for greatness!
2025 $PLTR price PREDICTIONS???
$450
Gotta love dodging ethical questions by saying they operate within "the law"
Yet if the laws changed to align with your ethics they would operate within them.
I do not buy stuff I do not understand. The density of buzz words is too high.
Isn't he Steve Jobs ?
I dont understand how a company without compitition from pretty much anyone cant make profit charging the US Government. The U.S. govt. will pretty much pay what is required to get the job done. So why is Palatir losing 300 million in 2020.? IF they just charged double for their only existing tech, the gov will pay.
Genius
who doesn't want to invest in top secret skynet AI type stuff? (lol.) who knows wtf they are making, but it sure sounds cool and the ceo seems clever as hell. i'll buy some shares on monday.
lord of the rings Palantir of orthanc.
mad scientist
Palantir stock is heavily discounted at the moment.
Security over liberty = get neither
If a contra-Palantir business model in the West that's viable arises, e.g. more ethical, I'll invest. I'll probably invest in Palantir in the near future, until that happens.
BTFD
“You’ll own nothing, and you’ll be happy”
If his software is as structured as his lower teeth, you're all screwed.
i hope palantir break the grip of dominion on US elections
For everybody praising Karp in the comments, have you actually taken the time to look at the financial statements of Palantir? The company finished with a net income loss of nearly $600 million the past two years. Additionally, their free cash flow is about 180 million in the red in the last year. There are reasons why they're going public and private investors are selling off their stock.
That's the same argument that was made against Amazon and Tesla. If you see the trajectory of increasing revenues and increasing margins, you should be able to connect the dots. Financials are all backward facing. Those who focus too much on financials, do not understand they cannot predict the future.
Gene Yo Amazon and Tesla are the exception, not the rule.
@@cw5948 And why can't palantir be an exception ?
Yes, thats whats been turning me off of the stock. Its entertaining to look at and if I could get it at 2-3 price to earnings I would consider it but as it stands its 20x overvalued. I'll considering buying once the lock period is over and insiders sell but if it stays above $20 my money is better put elsewhere.
@@humblegambler Amazon != Tesla. Amazon has been a very profitable company that as it stands does not rely on continual investment in R&D to continually reap in profits. Jeff took revenues and invested them into R&D to put his business farther ahead than anyone else. If you subtract tesla's R&D costs (which will continually be an ongoing cost since it is an ev company) you will see that it is still not profitable and when it is profitable which I believe it will be quite soon, peoples dreams of $800 a share will be shortlived once the market is filled with audi ev's and toyota ev's the sell off will be brutal.