Palantir Is Extending Its Reach Even Further Into Government
President Donald Trump’s administration has dramatically expanded its work with Palantir, elevating the company cofounded by Trump ally Peter Thiel as the government’s go-to software developer. Following massive contract terminations for consulting giants and government contractors like Accenture, Booz Allen, and Deloitte, Palantir has emerged ahead. Now the data analytics firm is partnering with those companies—offering them a lifeline while consolidating its own power.
Palantir has become one of the few winners in the Trump administration’s cost-cutting efforts, receiving more than $113 million in federal spending since the beginning of the year, according to The New York Times. Palantir’s US government revenue has grown by more than $ 370 million compared to this time last year, according to the company’s most recent quarterly earnings report. Before making remarks at last week’s AI Summit in DC, Trump thanked a variety of cabinet secretaries and tech leaders, including Palantir chief technology officer Shyam Sankar. “We buy a lot of things from Palantir,” Trump said. “Are we paying our bills? I think so.”
Instead of replacing these more traditional contractors, Palantir’s software is becoming the core tool deployed by them in government systems, placing Palantir in a newly central role.
