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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.
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