Hardware unveiled, Skywise for oceans | Palantir Bullets #8
Hardware unveiled, Skywise for oceans | Palantir Bullets #8
This week's Palantir developments and the crowned “Tweet of the Week”
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PLTR 0.00%↑ this week:
Palantir unveils a new hardware product called “Skykit.” Skykit is a “box” mainly containing a PC with pre-installed Metaconstellation, a Starlink device for satellite connection, a Skydio drone, and batteries to keep the kit operating for days. The goal of this kit is to provide soldiers with a “mobile office” for the battlefield so that they can have full visibility of the battlefield. This kit, however, is set to not be confined to Defence uses only. In a tweet, Shyam unveils that Skykit is receiving commercial interest and could be expanded to commercial clients. This kit could be helpful in situations where the internet or power is not available. @Codestrap suggests possible use cases: detecting methane emissions in oil fields; first responders can search for survivors; construction managers can detect anomalies across an entire job site.
HD Hyundai unveils “Skywise for Oceans” at CES. OceanWise is a management platform to optimize shipping by combining data from ships, transport companies and ports, to provide optimal routes. On this occasion, @ssankar COO revealed how Palantir helped HD Hyundai integrate over 260 source systems and 17,000 datasets in less than two years. HD Hyundai is clearly set to become one of the biggest Asian clients.
Crucial clients are now confirmed. For instance, we can confirm BCG, a leading strategy consultancy group, which
uncovered as an active link back in August.Palantir is providing software to three Polish ministries (two ministries and the prime minister’s office) for free. Among the solution provided, Palantir is helping manage Ukrainian refugees. It is not uncommon for Palantir to use a very aggressive commercial strategy to stimulate adoption. If the software is good, clients will pay.
Palantir is confirmed as a Ferrari F-1 sponsor while Velas and Snapdragon are removed. As a reminder, Ferrari extended its commitment to Palantir in October.
Palantir awards a further £11mn from UK NHS, extending its Data Platform Service until June 11, 2023. This regards the provision of the Foundry Platform to support the procurement of the new NHS Federated Data Platform. Therefore, I consider this contract propaedeutic to obtain the crucial one related to the open data platform.
Related Tech trends/Macro:
Snowflake SNOW 0.00%↑ acquires Mysts AI. Snowflake has been particularly active on the M&A, as last year they purchased Streamlit, an open source project for building data-based apps for $800mn, in March and Applica, an AI-Based Document Automation Provider, in August.
Salesforce CRM 0.00%↑ is laying off 10% of its workforce (~8,000 employees). These cuts mainly refer to the over-hiring of the pandemic and should lead to about $1.4 billion to $2.1 billion in charges. Meanwhile, Palantir keeps hiring aggressively, as per LinkedIn, it now counts ~4,000 employees vs ~3,000 at the end of ‘21. Palantir is showing incredible human capital management skills. As competitors are now releasing and reducing their labor force, Palantir is attacking and increasing their talent.
Tweet of the week
great take, thank you!