TIMES.KY

Cayman Islands, Caribbeanand International News
Friday, Mar 29, 2024

Palantir is on a charm offensive to woo France’s start-ups

Palantir is on a charm offensive to woo France’s start-ups

US tech company Palantir, which specialises in data analytics and is known as one of the most secretive companies, has announced a partnership with Station F.

The US company Palantir, which specialises in data analytics and is known as one of the most secretive and controversial companies in the world, is on a mission to seduce French start-ups.

On Thursday, the company announced a partnership with Station F, the world’s biggest start-up incubator based in Paris.

The partnership will offer Europe’s start-ups access to its Foundry For Builders initiative, which will grant them access to Palantir's expertise in data through mentoring, workshops and events. It will work in the form of a subscription at a preferential rate.

The goal is to help users see, understand and analyse their data. The platform also makes it possible to develop products and to use this tool as a brick of the final solution proposed by the company.

Championing Europe’s start-ups


“We believe in French excellence and in European excellence,” Wiem Gharbi, chief of development at Palantir France, told Euronews Next.

“We know that there is a great deal of talent and a great deal of innovation and we want to provide the technology that would make it possible to create a little more space for this innovation."

The partnership will be in place for a year but Palantir hopes to extend it.

“We want to provide the best framework to create an architecture for this idea of an international strategy around pushing artificial intelligence in France,” Gharbi said.

Station F


The initiative has been in the works for the past year and some 20 start-ups are benefitting from the service across a variety of sectors such as health tech, fintech, blockchain and renewables.

The partnership will be in place for a year but Palantir hopes to extend it.

Gharbi says the benefits of using the software are that it will support the growth of early-stage companies and allows them to spend less time and resources on using data and artificial intelligence (AI).

Start-ups can also use the platform to improve the way they build their own products around data.

Security risk?


The public company Palantir has been dubbed as one of the most secretive companies in the world.

The company launched in 2003 with the backing of right-wing libertarian tech investor Peter Thiel and America's Central Intelligence Agency (CIA). Back then, it got its start working with US soldiers in Iraq and Afghanistan. It now supplies its software to police departments, spy agencies and businesses around the world.

The company also has its fingers in health data. The UK government faced a backlash earlier this year after it was revealed that the British National Health Service (NHS) made a secretive deal with Palantir for COVID-19 data with no input from NHS stakeholders.

OpenDemocracy reported that the UK government secretly signed a £23 million (€26 million) deal with the tech company in December last year, which opened the way for Palantir's role in the NHS beyond COVID-19.

But Gharbi argues the Station F partnership platform “is open, no tool is imposed, the client company remains the owner of the algorithms developed and has the intellectual property rights on the way in which the tool is used".

She explained the data is not stored on the Foundry platform but can be stored on the cloud system of the start-up’s choice, or elsewhere. The company can also recover everything done on the platform if the contract with Palantir ends.

“We have an open platform that we really believe in interoperability and we do not impose a choice of storage or choice of algorithm,” Gharbi said.

“It's really a technological building block, a sort of operating system and we really hope to bring added value to these innovative companies and continue to be the innovation partner of tomorrow”.

Newsletter

Related Articles

TIMES.KY
0:00
0:00
Close
Paper straws found to contain long-lasting and potentially toxic chemicals - study
FTX's Bankman-Fried headed for jail after judge revokes bail
Blackrock gets half a trillion dollar deal to rebuild Ukraine
Israel: Unprecedented Civil Disobedience Looms as IDF Reservists Protest Judiciary Reform
America's First New Nuclear Reactor in Nearly Seven Years Begins Operations
Southeast Asia moves closer to economic unity with new regional payments system
Today Hunter Biden’s best friend and business associate, Devon Archer, testified that Joe Biden met in Georgetown with Russian Moscow Mayor's Wife Yelena Baturina who later paid Hunter Biden $3.5 million in so called “consulting fees”
Singapore Carries Out First Execution of a Woman in Two Decades Amid Capital Punishment Debate
Google testing journalism AI. We are doing it already 2 years, and without Google biased propoganda and manipulated censorship
Unlike illegal imigrants coming by boats - US Citizens Will Need Visa To Travel To Europe in 2024
Musk announces Twitter name and logo change to X.com
The politician and the journalist lost control and started fighting on live broadcast.
The future of sports
Unveiling the Black Hole: The Mysterious Fate of EU's Aid to Ukraine
Farewell to a Music Titan: Tony Bennett, Renowned Jazz and Pop Vocalist, Passes Away at 96
Alarming Behavior Among Florida's Sharks Raises Concerns Over Possible Cocaine Exposure
Transgender Exclusion in Miss Italy Stirs Controversy Amidst Changing Global Beauty Pageant Landscape
Joe Biden admitted, in his own words, that he delivered what he promised in exchange for the $10 million bribe he received from the Ukraine Oil Company.
TikTok Takes On Spotify And Apple, Launches Own Music Service
Global Trend: Using Anti-Fake News Laws as Censorship Tools - A Deep Dive into Tunisia's Scenario
Arresting Putin During South African Visit Would Equate to War Declaration, Asserts President Ramaphosa
Hacktivist Collective Anonymous Launches 'Project Disclosure' to Unearth Information on UFOs and ETIs
Typo sends millions of US military emails to Russian ally Mali
Server Arrested For Theft After Refusing To Pay A Table's $100 Restaurant Bill When They Dined & Dashed
The Changing Face of Europe: How Mass Migration is Reshaping the Political Landscape
China Urges EU to Clarify Strategic Partnership Amid Trade Tensions
Europe is boiling: Extreme Weather Conditions Prevail Across the Continent
The Last Pour: Anchor Brewing, America's Pioneer Craft Brewer, Closes After 127 Years
Democracy not: EU's Digital Commissioner Considers Shutting Down Social Media Platforms Amid Social Unrest
Sarah Silverman and Renowned Authors Lodge Copyright Infringement Case Against OpenAI and Meta
Italian Court's Controversial Ruling on Sexual Harassment Ignites Uproar
Why Do Tech Executives Support Kennedy Jr.?
The New York Times Announces Closure of its Sports Section in Favor of The Athletic
BBC Anchor Huw Edwards Hospitalized Amid Child Sex Abuse Allegations, Family Confirms
Florida Attorney General requests Meta CEO's testimony on company's platforms' alleged facilitation of illicit activities
The Distorted Mirror of actual approval ratings: Examining the True Threat to Democracy Beyond the Persona of Putin
40,000 child slaves in Congo are forced to work in cobalt mines so we can drive electric cars.
BBC Personalities Rebuke Accusations Amidst Scandal Involving Teen Exploitation
A Swift Disappointment: Why Is Taylor Swift Bypassing Canada on Her Global Tour?
Historic Moment: Edgars Rinkevics, EU's First Openly Gay Head of State, Takes Office as Latvia's President
Bye bye democracy, human rights, freedom: French Cops Can Now Secretly Activate Phone Cameras, Microphones And GPS To Spy On Citizens
The Poor Man With Money, Mark Zuckerberg, Unveils Twitter Replica with Heavy-Handed Censorship: A New Low in Innovation?
Unilever Plummets in a $2.5 Billion Free Fall, to begin with: A Reckoning for Misuse of Corporate Power Against National Interest
Beyond the Blame Game: The Need for Nuanced Perspectives on America's Complex Reality
Twitter Targets Meta: A Tangle of Trade Secrets and Copycat Culture
The Double-Edged Sword of AI: AI is linked to layoffs in industry that created it
US Sanctions on China's Chip Industry Backfire, Prompting Self-Inflicted Blowback
Meta Copy Twitter with New App, Threads
The New French Revolution
BlackRock Bitcoin ETF Application Refiled, Naming Coinbase as ‘Surveillance-Sharing’ Partner
×