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We have built four principal software platforms, Palantir Gotham (“Gotham”), Palantir Foundry (“Foundry”), Palantir Apollo (“Apollo”), and Palantir Artificial Intelligence Platform (“AIP”).
−Removed: Gotham and Foundry enable institutions to transform massive amounts of information into an integrated data asset that reflects their operations, and AIP leverages the power of our existing machine learning technologies alongside large language models (“LLMs”) directly within Gotham and/or Foundry to help connect AI to enterprise data.
+Added: Gotham and Foundry enable institutions to transform massive amounts of information into an integrated data asset that reflects their operations, and AIP leverages the power of our existing machine learning technologies alongside generative AI models, including large language models (“LLMs”), directly within Gotham and/or Foundry to help operationalize AI on enterprise data.
For over a decade, Gotham has surfaced insights for global defense agencies, the intelligence community, disaster relief organizations and beyond.
And Foundry is becoming a central operating system not only for individual institutions but also for entire industries.
−Removed: Apollo, which we began offering as a commercial solution in 2021, is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features, security updates, and platform configurations, helping to ensure the continuous operation of critical systems.
+Added: Apollo, which we began offering as a commercial solution in 2021, is a cloud-agnostic, single control layer that coordinates ongoing delivery of new features,
+Added: security updates, and platform configurations, helping to ensure the continuous operation of critical systems.
Apollo allows our customers to run their software in virtually any environment.
−Removed: In 2023, we began deploying our newest offering, AIP, which is designed for customers across the commercial and government sectors, enabling them to derive value from recent breakthroughs in artificial intelligence via the combination of our existing
−Removed: software platforms with LLMs.
+Added: In 2023, we began deploying our newest offering, AIP, which is designed for customers across the commercial and government sectors, enabling them to derive value from recent breakthroughs in artificial intelligence via the combination of our existing software platforms with generative AI models, including LLMs.
We believe AIP uniquely allows users to connect LLMs and other AI with their data and operations to facilitate decision-making within the legal, ethical, and security constraints that they require.
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Data engineers can integrate new data sources, analysts can clean and transform data, data scientists can write models, business users can conduct daily workflows, and senior leaders can make critical decisions.
−Removed: With AIP, trusted data from relevant sources can be integrated into business logic, machine-language models, optimizers, and other computations spread across varying environments to power enterprise processes and help drive critical decisions.
+Added: With AIP, trusted data from relevant sources can be integrated into business logic, machine-language models, optimizers, and other computations spread across varying environments to power enterprise and government processes and help drive critical decisions.
Customers may bundle these platforms together as a single ecosystem.
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It also facilitates the hand-off between analysts and operational users, helping operators plan and execute real-world responses to threats that have been identified within the platform.
−Removed: Gotham is now used broadly across government functions, and we also offer Gotham to our commercial customers.
+Added: Gotham is now used broadly across government functions.
Foundry transforms the ways organizations operate by creating a central operating system for their data.
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All of our commercial customers now use it, as do several of our government customers.
−Removed: AIP enables responsible AI-advantage across the enterprise by using primary, core components built to effectively activate LLMs and other AI within any organization.
−Removed: It provides unified access to open-source, self-hosted, and commercial LLMs that can transform structured and unstructured data into LLM-understandable objects and can turn organizations’ actions and processes into tools for humans and LLM-driven agents.
+Added: AIP enables responsible AI-advantage across the enterprise and government by using primary, core components built to effectively activate LLMs and other AI within any organization.
+Added: It provides unified access to open-source, self-hosted, and commercially available LLMs that can transform structured and unstructured data into LLM-understandable objects and can
+Added: turn organizations’ actions and processes into tools for humans and LLM-driven agents.
AIP can allow organizations to power operational use of AI and LLMs with interfaces for decision making, feedback, and safe hand-off among AI agents and human operators with wide-spectrum security and audit controls, which allow for granular control over model usage and integrated human review checkpoints throughout the workflows.
−Removed: AIP is designed to be seamlessly bundled with existing Palantir offerings such as the Foundry, Gotham, and Apollo platforms.
+Added: AIP is seamlessly bundled with existing Palantir offerings such as the Foundry, Gotham, and Apollo platforms.
We have always prioritized meeting our customers wherever they need us most.
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supply-chain managers in South Korea;
−Removed: assembly workers in France;
public health administrators in the United Kingdom and the United States;
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Our approach to sales and marketing is built around discussions with existing and prospective customers in order to understand the principal challenges our customers face and identify ways in which our software platforms can provide long-term value and results.
−Removed: Beginning in 2023, we introduced AIP bootcamps to the initial stages of our customer acquisition process, which helped to accelerate these discussions and provide an opportunity for our customers to experience our platforms through their own use cases in days.
+Added: We continue to evaluate and refine our sales and marketing approach as we develop relationships with existing and prospective customers.
+Added: For example, beginning in 2023, we introduced AIP bootcamps to the initial stages of our customer acquisition process, which helped to accelerate these discussions and provide an opportunity for our customers to experience our platforms through their own use cases in days.
Customer Acquisition
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Institutions often doubt that any vendor can implement a working solution and are unwilling to invest.
−Removed: On the other hand, smaller technology companies are often unable to compete for complex, large-scale opportunities because installation costs and the risks of failure are too high, and the sales cycles too long.
+Added: On the other hand, smaller technology companies are often unable to
+Added: compete for complex, large-scale opportunities because installation costs and the risks of failure are too high, and the sales cycles too long.
These are precisely the opportunities we target.
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The speed with which our platforms can be deployed has significantly expanded the range of potential customers with which we plan on partnering over the long term.
−Removed: Additionally, during 2023, we introduced AIP bootcamps, which allow us to deliver real workflows on actual customer data in days.
−Removed: We anticipate that our reach among an increasingly broad set of customers, in both the commercial and government sectors, will accelerate moving forward, aided by our AIP bootcamps.
+Added: During 2023, we introduced AIP bootcamps, which allow us to deliver real workflows on actual customer data in days.
+Added: We anticipate that our reach among an increasingly broad set of customers, in both the commercial and government sectors, will accelerate moving forward, aided by our sales and marketing approaches, including AIP bootcamps and other pilots.
+Added: Additionally, in 2024, we introduced Developer Tier, offering limited access to Foundry and AIP in the United States and select countries.
+Added: This expansion allows developers to explore, innovate, and develop without significant upfront enterprise costs.
Our proximity to a variety of businesses and the industries in which they are operating has enhanced, and is expected to continue enhancing, our own product and business development efforts, as we continue expanding access to our platforms to the broadest possible set of customers.
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These operating systems allow our software to be distributed at scale to institutions within given industries.
−Removed: We have and are continuing to develop partnerships in the airline, insurance, healthcare, automotive, security and risk management, and government sectors, which we anticipate will have a significant impact on our business moving forward.
+Added: We have and are continuing to develop partnerships in industries such as airline, insurance, healthcare, automotive, security and risk management, and government, which we anticipate will have a significant impact on our business moving forward.
We continue to believe we are uniquely positioned to provide commercially available software to the U.S.
federal government.
−Removed: Our government customers remain a meaningful and resilient source of revenue for our business.
+Added: Our government customers remain a meaningful source of revenue for our business.
We intend to capture an even greater share of U.S.
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We intend to continue to form joint ventures and new business partnerships, where we believe specific industries or sectors require a partner and additional investment in order to realize the full potential of our platforms.
−Removed: For example, in December 2023, we, through Palantir Technologies Japan KK, entered into a strategic global partnership with Fujitsu Limited through which the parties will incorporate the capabilities of Foundry and AIP as a key element in the data infrastructure for Fujitsu Uvance, a portfolio of global solutions that address business challenges and solve societal issues.
+Added: For example, we, through Palantir Technologies Japan KK, entered into a strategic global partnership with Fujitsu Limited through which the parties will incorporate the capabilities of Foundry and AIP as a key element in the data infrastructure for Fujitsu Uvance, a portfolio of global solutions that address business challenges and solve societal issues.
Account Growth
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Our research and development function is responsible for the design, development, testing, validation, and refinement of our platforms, and embedding with our users allows us to identify research and development opportunities for our platforms or new products.
−Removed: We focus on innovating and developing new features and modules for our new and existing platforms, including AIP, or new products, and further enhancing the functionality, reliability, usability, and performance of our platforms.
+Added: We focus on innovating and developing new features and modules for our new and existing platforms, including AIP, or new products, and further enhancing the functionality, compatibility, reliability, usability, and performance of our platforms.
By leveraging the tens of thousands of front-line hours across various industries and using emerging technologies, we can better anticipate customer needs and bring new use cases and new applications of services to our existing and potential customers.
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Privacy and Civil Liberties
−Removed: We are committed to ensuring that our software is as effective as possible while preserving individuals’ fundamental rights to privacy and civil liberties.
−Removed: We have made deep investments to ensure that safeguarding privacy and civil liberties protections remains central to our software and business practices.
+Added: We are committed to ensuring that our software is as effective as possible while preserving individuals’ fundamental rights, including privacy and civil liberties.
+Added: We have made deep investments to ensure that privacy, civil liberties, and other fundamental rights protections remain central to our software and business practices.
Our platforms were built from the start to protect individual privacy and prevent the misuse of information.
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We build software platforms that enable our customers to integrate their own data — data to which they already have access.
−Removed: The same technology that makes Palantir’s software platforms so analytically powerful — the ability to construct a model of the real world from countless data points — is what allows our customers to monitor and control access to that data and its use.
+Added: The same technology that makes Palantir’s software platforms so analytically powerful — the ability to construct a model of the real world from countless data points — is what enables our customers to monitor and control access to that data and its use, while responsibly deploying increasingly advanced tools and capabilities, such as LLMs and other AI models.
As we build and implement technology to answer questions of increasing significance and complexity, we follow a set of principles that help us ensure we are doing so responsibly, including the consideration of AI ethics and best practices.
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Our customers are using data to inform decisions with significant implications for individuals.
−Removed: Rather than relying on algorithms that inhibit accountability and redress, we build in means for humans to make necessary judgment calls based on their context and intuition.
+Added: Rather than relying
+Added: exclusively on algorithms that may inhibit accountability and redress, we build in means for humans to make necessary judgment calls based on their context and intuition.
• Systems must facilitate accountability and oversight.
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When the answer is “no,” we turn the opportunity down.
−Removed: Privacy and civil liberties engineering is an evolving field, and every organization is subject to unique requirements and concerns.
+Added: Privacy, civil liberties, and ethical engineering is an evolving field, and every organization is subject to unique requirements and concerns.
The ways in which these principles are realized will differ among products and organizations.
But the end goal should be the same:
−Removed: developing and implementing technology with a full understanding of its potential effects on fundamental rights and incorporating technical capabilities that can support responsible data handling policies.
+Added: developing and implementing technology with a full understanding of its potential effects on fundamental rights and incorporating technical capabilities that can support responsible technology and data handling policies.
Customer Impact
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Those controls were further supported by auditing capabilities to ensure that data processing satisfied legitimate purposes under the relevant regulations.
+Added: • A European telecommunications company needed to process personal data for a customer support workflow, while complying with the necessity and proportionality requirements of the European General Data Protection Regulation (“GDPR”).
+Added: The client leveraged Palantir’s minimization tool to obfuscate sensitive data in workflows, while allowing cell-level access by operational users based on demonstrated need.
• Our platforms provide a secure, privacy-protective cloud-based data enclave which centralizes data on COVID-19 for collaborative clinical research.
−Removed: We employ a team of engineers, lawyers, and social scientists to ensure that our company remains a leader in the field when it comes to privacy practices and software development.
+Added: We employ a team of engineers, lawyers, philosophers, and social scientists to ensure that our company remains a leader in the field when it comes to privacy practices and software development.
The Privacy and Civil Liberties Engineering team is responsible for ensuring a culture of responsibility around the development and use of our technology by leading the development of privacy-enhancing technologies, publishing research, consulting with policymakers, helping our customers implement data governance best practices, and facilitating company-wide dialogue on ethical issues.
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Our human capital resources objectives include recruiting, retaining, training, and motivating our personnel.
−Removed: We strive to foster a diverse and inclusive culture and environment which encourages active dialogue and robust engagement on the issues most salient to employee satisfaction and believe our employees are empowered to play a significant role in shaping the direction and success of the company.
−Removed: One avenue for employees to contribute their voices is through Affinity Groups:
−Removed: employee-led resource groups that celebrate unique perspectives and backgrounds and help guide our Diversity, Equity & Inclusion (“DEI”) business initiatives.
−Removed: We also conduct surveys to assess the sentiment toward our values and culture, and our employees’ well-being and overall health.
−Removed: These surveys allow Palantir to get actionable feedback and drive awareness, discussion, and change.
−Removed: Diversity, Equity, & Inclusion
−Removed: To achieve our best outcomes, Palantir needs people who bring a wide range of backgrounds, perspectives, and lived experiences.
−Removed: Our DEI team takes the lead in working to increase awareness and accountability and promote active allyship throughout Palantir.
−Removed: We acknowledge that each member of our increasingly diverse community has their own needs, experiences, and opportunities.
+Added: We strive to foster an environment which encourages active dialogue and robust engagement on the issues most salient to employee satisfaction and believe our employees are empowered to play a significant role in shaping the direction and success of the company.
+Added: For example, we solicit feedback to assess the sentiment toward our values and culture, and our employees’ well-being and overall health.
+Added: This signal allows Palantir to get actionable feedback and drive awareness, discussion, and change across areas that our employees value.
Available Information
Our website is https://www.palantir.com, our investor relations website is https://investors.palantir.com, our LinkedIn account is @Palantir Technologies, and our X (formerly known as Twitter) account is @PalantirTech.
−Removed: We have used, and intend to continue to use, our website, investor relations website, LinkedIn, and X (formerly known as Twitter) accounts as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD.
+Added: We have used, and intend to continue to use, our website, investor relations website, and our LinkedIn and X (formerly known as Twitter) accounts as a means of disclosing material non-public information and for complying with our disclosure obligations under Regulation FD.
The following filings are available for download free of charge through our investor relations website after we file them with the Securities and Exchange Commission (“SEC”):
−Removed: Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, current reports on Form 8-K, and our Proxy Statement for our Annual Meeting of Stockholders (“Proxy Statement”).
+Added: Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, current reports on Form 8-K, and our Proxy Statement for our Annual Meeting of Stockholders (“Proxy Statement”), and any amendments to such filings.
The SEC also maintains an Internet website that contains reports, proxy statements and other information about issuers, like us, that file electronically with the SEC.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.