STOCK TITAN

Greek Government and Palantir Reaffirm Digital Transformation Partnership

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary

Palantir Technologies CEO Alex Karp held a teleconference on December 3 with Greek Prime Minister Kyriakos Mitsotakis to discuss their expanding partnership in addressing COVID-19. Since the pandemic's onset, Palantir has helped the Greek government utilize its Foundry software for data-driven decision-making. This collaboration has enabled the creation of a crisis-control dashboard for real-time monitoring of the pandemic's status. Karp praised Greece's effective response and anticipates further collaboration to enhance public health initiatives.

Positive
  • Collaboration with Greece enhances Palantir's reputation in public health data management.
  • Real-time crisis-control dashboard improves government decision-making during the pandemic.
Negative
  • Reliance on government contracts may expose Palantir to political and economic risks.
  • Potential challenges in meeting evolving data needs of the Greek government.

DENVER--()--Alex Karp, the co-founder and CEO of Palantir Technologies (NYSE:PLTR), spoke via teleconference on December 3 with Greek Prime Minister Kyriakos Mitsotakis about Palantir’s ever-expanding partnership with the government of Greece to support their COVID-19 response efforts. Dr. Karp and Prime Minister Mitsotakis were joined by Palantir Executive Josh Harris and Kyriakos Pierrakakis, Minister of Digital Governance of Greece, to explore new ways to keep Greece ahead of the curve with their public health response.

Since the start of the pandemic, Palantir has worked with the Greek government to help enable data-driven decision-making in the context of the COVID-19 pandemic response. The government is leveraging Palantir’s Foundry software platform on top of Amazon Web Services infrastructure to deliver COVID-19 response workflows to government officials responding to the pandemic. Of particular value has been the deployment of a crisis-control center dashboard for the Prime Minister, which displays a holistic overview of the state of the COVID-19 pandemic in Greece in real time.

“Our partnership with the Greek government was borne out of necessity once the pandemic began,” said Alex Karp, co-founder and CEO of Palantir Technologies. “We have readily played a key role in their COVID-19 response effort, which from our experience has been one of the best in the world, and we look forward to broadening this partnership for years to come.”

The Ministry of Digital Governance, leading Greece’s rapid digital transformation, played a pivotal role in facilitating the partnership swiftly, enabling top decision makers to start generating actionable insights within a matter of days. As the pandemic continues to evolve, Palantir will deliver advanced integration and analytic capabilities to a range of government initiatives, to enable data-driven decision-making.

About Palantir

Palantir Technologies Inc. is a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments. From building safer cars and planes, to discovering new drugs and combating terrorism, Palantir helps customers across the public, private, and nonprofit sectors transform the way they use their data. Additional information is available at www.palantir.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may relate to, but are not limited to, Palantir’s expectations regarding the partnership and the expected benefits of our software platforms. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements are based on information available at the time those statements are made and were based on current expectations as well as the beliefs and assumptions of management as of that time with respect to future events. These statements are subject to risks and uncertainties, many of which involve factors or circumstances that are beyond our control. These risks and uncertainties include our ability to meet the unique needs of our customer; the failure of our platforms to satisfy our customer or perform as desired; the frequency or severity of any software and implementation errors; our platforms’ reliability; and our customer’s ability to modify or terminate the partnership. Additional information regarding these and other risks and uncertainties is included in the filings we make with the Securities and Exchange Commission from time to time. Except as required by law, we do not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise.

Contacts

Lisa Gordon
media@palantir.com

FAQ

What did Palantir's CEO Alex Karp discuss with the Greek Prime Minister?

Alex Karp discussed the expanding partnership to support Greece's COVID-19 response efforts.

How is Palantir helping Greece with its COVID-19 response?

Palantir is leveraging its Foundry software to enable data-driven decision-making for the Greek government.

What specific tool has Palantir provided to the Greek government?

Palantir provided a crisis-control center dashboard for real-time updates on the COVID-19 situation.

When did the teleconference between Palantir and the Greek government take place?

The teleconference took place on December 3.

What underlying infrastructure does Palantir use for its COVID-19 response solutions in Greece?

Palantir's solutions are built on Amazon Web Services infrastructure.

Palantir Technologies Inc.

NASDAQ:PLTR

PLTR Rankings

PLTR Latest News

PLTR Stock Data

172.29B
2.17B
5.1%
50.94%
3.34%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
DENVER