{"id":1819,"date":"2026-08-04T11:00:12","date_gmt":"2026-08-04T11:00:12","guid":{"rendered":"https:\/\/asianewscast.com\/?p=1819"},"modified":"2026-08-04T11:00:12","modified_gmt":"2026-08-04T11:00:12","slug":"tech-giant-palantir-posts-otherworldly-growth-despite-criticism-over-gaza","status":"publish","type":"post","link":"https:\/\/www.asianewscast.com\/?p=1819","title":{"rendered":"Tech giant Palantir posts \u2018otherworldly\u2019 growth despite criticism over Gaza"},"content":{"rendered":"<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__divider\">\n<div class=\"listen-to-article\"><button class=\"listen-to-article__button\" data-testid=\"listen-to-article-button\"><title>Listen<\/title>Listen (4 mins)<\/button><\/div>\n<div class=\"rich-share__update-reading-list-wrapper\">\n<div class=\"update-reading-list\">\n<p class=\"update-reading-list__button-text\">Save<\/p>\n<\/div>\n<div><\/div>\n<\/div>\n<div class=\"rich-share__wrapper\">\n<div 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href=\"https:\/\/twitter.com\/intent\/tweet?text=Tech%20giant%20Palantir%20posts%20%E2%80%98otherworldly%E2%80%99%20growth%20despite%20criticism%20over%20Gaza&amp;source=sharethiscom&amp;related=sharethis&amp;via=AJEnglish&amp;url=https%3A%2F%2Faje.news%2Fh0d5dn\"><title>x<\/title><\/a><a class=\"rich-share__social-link row u-hidden--desktop\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Share on Whatsapp\" href=\"\/\/send?text=https%3A%2F%2Faje.news%2Fh0d5dn\"><title>whatsapp-stroke<\/title><\/a><a class=\"rich-share__social-link row copylink\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Copy link\" href=\"https:\/\/aje.news\/h0d5dn\"><title>copylink<\/title><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"google-preferred-source\"><button class=\"google-preferred-source__button\" aria-label=\"Add Al Jazeera on Google\" data-testid=\"google-preferred-source-button\"><title>google<\/title><span class=\"google-preferred-source__text\">Add Al Jazeera on Google<\/span><\/button><button aria-label=\"See more of Al Jazeera\u2019s trusted journalism by adding us as a preferred source on Google.\" class=\"tooltip-accessible_trigger\"><title>info<\/title><\/button><\/div>\n<\/div>\n<div class=\"article-featured__media\">\n<figure class=\"article-featured-image\">\n<div class=\"responsive-image\"><img decoding=\"async\" loading=\"eager\" src=\"\/wp-content\/uploads\/2026\/08\/getty_6a719df219-1785830898.jpg?resize=770%2C513&amp;quality=80\" alt=\"Alex Karp, CEO of Palantir Technologies.\"><\/div><figcaption>Alex Karp, CEO of Palantir Technologies, speaks during the Digital X event on September 7, 2021 in Cologne, Germany [Andreas Rentz\/Getty]<\/figcaption><\/figure>\n<\/div>\n<div class=\"article-info m--t-20 m--desktop-b-30 m--b-mobile-20\">\n<div class=\"byline byline--single-avatar\">\n<div class=\"avatars-container\"><a class=\"avatar\" aria-hidden=\"true\" href=\"\/author\/caolan-magee\"><\/p>\n<div class=\"responsive-image\"><img decoding=\"async\" loading=\"lazy\" src=\"\/wp-content\/uploads\/2025\/03\/Caolan-Magee-pic-1-1743426806.jpg?resize=96%2C96&amp;quality=80\" aria-hidden=\"true\"><\/div>\n<p><\/a><\/div>\n<div class=\"byline-content\">\n<div class=\"contributors-list contributors-list--byline\"><span class=\"contributors-list__by-prefix\">By <\/span><a href=\"\/author\/caolan-magee\">Caol\u00e1n Magee<\/a><\/div>\n<\/div>\n<\/div>\n<div class=\"article-dates\">\n<div class=\"date-simple\"><span class=\"screen-reader-text\">Published On 4 Aug 2026<\/span><span aria-hidden=\"true\">4 Aug 2026<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"wysiwyg wysiwyg--all-content\" aria-live=\"polite\">\n<p>United States artificial intelligence and data analytics giant Palantir Technologies has reported \u201cotherworldly\u201d quarterly results, sending its shares more than 14 percent higher in after-hours trading, as its growth shows no signs of slowing despite mounting <a href=\"\/news\/2026\/4\/20\/technofascism-critics-accuse-palantir-of-pushing-ai-war-doctrine\">criticism<\/a> over its close ties to the US and Israeli governments and concerns about its growing role in artificial intelligence and warfare.<\/p>\n<p>Palantir Technologies reported a revenue of $1.94bn for the second quarter, up 93 percent from a year earlier, and raised its forecast annual revenue to between $8.15bn and $8.158bn, up from $7.65bn to $7.662bn earlier. It said strong demand from both commercial customers and government agencies drove the surge.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 3 items<\/span><\/p>\n<ul class=\"more-on__list\">\n<li class=\"more-on__article\"><span class=\"screen-reader-text\">list 1 of 3<\/span><a class=\"more-on__link\" href=\"\/news\/2026\/4\/21\/technofacism-why-palantirs-pro-west-manifesto-has-critics-alarmed\">Technofacism? Why Palantir\u2019s pro-West \u2018manifesto\u2019 has critics alarmed<\/a><\/li>\n<li class=\"more-on__article\"><span class=\"screen-reader-text\">list 2 of 3<\/span><a class=\"more-on__link\" href=\"\/news\/2026\/5\/12\/palantir\">\u2018Potential security risk\u2019: Unpacking the UK\u2019s trust issues with Palantir<\/a><\/li>\n<li class=\"more-on__article\"><span class=\"screen-reader-text\">list 3 of 3<\/span><a class=\"more-on__link\" href=\"\/news\/2026\/7\/6\/from-manchester-to-downing-street-what-burnham-could-mean-for-palantir\">From Manchester to Downing Street: What Burnham could mean for Palantir<\/a><\/li>\n<\/ul>\n<p><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>\u201cThis quarter was otherworldly: our US commercial revenue grew 149 percent year-over-year, our overall revenue grew 93 percent year-over-year,\u201d Chief Executive Alex Karp said. \u201cDemand for AI sovereignty has now been unleashed.\u201d<\/p>\n<p>In a letter to shareholders, Karp wrote: \u201cOur business is compounding at a rate and scale that we have never before witnessed.\u201d<\/p>\n<p data-start=\"257\" data-end=\"616\">Palantir holds multibillion-dollar contracts with US government agencies, including the US Army. Revenue from its US government business rose 90 percent year on year to $809m, even as the company has faced growing opposition over its role in President Donald Trump\u2019s immigration crackdown, which critics say has resulted in unlawful deportations and killings.<\/p>\n<p>Founded in 2003 by technology entrepreneurs including Karp and multi-billionaire Peter Thiel, Palantir opened its first office in Israel in 2015 and has since expanded its work with the Israeli military.<\/p>\n<div class=\"container--ads in-article-ads\">\n<div class=\"ads\"><span class=\"ads__title\"> Advertisement <\/span><\/div>\n<\/div>\n<p>Following what Palantir described as a \u201cstrategic partnership\u201d with Israel in January 2024, the company significantly expanded its operations supporting Israel\u2019s military campaign in Gaza and operations in the occupied West Bank.<\/p>\n<div style=\"display:block;position:relative;min-width:0px;max-width:770px\">\n<\/div>\n<p>According to Open Intel, a platform tracking corporate involvement in the genocidal war on Gaza, Palantir has actively recruited former members of Israel\u2019s elite Unit 8200 cyberintelligence division. The group says Palantir\u2019s software integrates intercepted communications, satellite imagery and other datasets to help generate military targeting lists for Israeli forces.<\/p>\n<p>In a statement to Al Jazeera earlier this year, Palantir UK reiterated the company\u2019s support for Israel.<\/p>\n<p>The company has also secured major contracts with the United Kingdom\u2019s government. In January, the UK\u2019s Ministry of Defence awarded Palantir a $323m (240-million-pound) contract. A separate $444m (330-million-pound) NHS contract awarded in November 2023 has also attracted criticism, with campaigners raising concerns about the handling of sensitive health data and the heavy redaction of contract documents.<\/p>\n<p>Palantir has also faced scrutiny over its vision for the future of artificial intelligence. In The Technological Republic, a recent book co-authored by Karp and the company\u2019s head of corporate affairs, Nicholas W Zamiska, the authors argue that technology companies have a responsibility to build advanced military AI capabilities. Critics have described the philosophy as a form of \u201ctechno-fascism\u201d.<\/p>\n<p>Al Jazeera has contacted Palantir for comment.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ListenListen (4 mins) Save Click here to share on social media share-nodes Share facebookxwhatsapp-strokecopylink googleAdd Al Jazeera on Googleinfo Alex Karp, CEO of Palantir Technologies, speaks during the Digital X event on September 7, 2021 in Cologne, Germany [Andreas Rentz\/Getty] By Caol\u00e1n Magee Published On 4 Aug 20264 Aug 2026 United States artificial intelligence and [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1819","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tech giant Palantir posts \u2018otherworldly\u2019 growth despite criticism over Gaza - 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