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Palantir Technologies, Inc.
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=== Background === '''What does the Company do?''' Palantir Technologies assists the world’s most important institutions in analysing large volumes of data to solve the most important real-world problems. Their applications are human driven and are described as ‘intelligence augmentation’, rather than artificial intelligence. Customers using their systems do not to be masters of machine learning and engineers from Palantir directly assist in the use of their systems. '''Where did the Idea of the Company Come From?''' The initial idea of the company came from the co-founder of Paypal, Peter-Thiel, who saw an opportunity to use Paypal’s fraud recognition systems to reduce terrorism. He felt that the available technology at the time (2004) was inadequate to solve real world problems and was also putting people’s data at risk. '''What is the Companies Mission?''' Palantir believes in augmenting human intelligence, not replacing it. They believe that machines are best used as a tool for human analysts rather than as their replacements. '''What does Palantir Mean?''' The name of the company comes from the ‘Palantiri’ seeing stones from ‘Lord of the Rings’, which were able to see events happening around the world.
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