This was a refreshing read! I like to think Software is eating the world, but it's unable to digest the data and use it effectively. Perhaps the shift from services to a product business adds a layer of RWE (real-world evidence) to solving hard engineering problems.
Reflections on Palantir
181–190 of 658 posts
Re: Reflections on Palantir
#182Can someone explain to me what is the Palantir's business model ? I haven't heard any large, meaningful project they been involved in, but I keep hearing the company name & how hot they are and their stocks are going to blow-up any day (some of my friends kept their stocks for the last 4-5 years with very little gain compared to other software companies). I know of the smaller software companies that are less than 10…
> Can someone explain to me what is the Palantir's business model
AFAICT, it is government & government-adjacent contracting using techniques borrowed from big tech and WITCH, since big tech won't directly court government sw contracts, and WITCH may fail at getting clearances for foreign-based personnel.
Re: Reflections on Palantir
#183Palantir was working on my companies data for months getting ready to show us what AI could do for us. Internally I was asking "what could they possibly show us that we don't already know, even theoretically?" No one really had any idea either, but we were skeptically optimistic. Palantir said just wait, this AI shit is amazing and we'll have so many new insights for you.
The day finally came and the execs were all in the office for the big presentation. I wasn't there, but from what I heard, it was basically a handful of unfinished, incomplete Power BI type reports outlining information that we already had/knew. They were literally laughed out of the room and the meeting was cut short. It was a huge waste of time. I wish I could have been there, from what I heard it was hilarious.
Re: Reflections on Palantir
#184Earlier quoted context omitted.
But they have 80% margin, according to the article... so those engineers are generating a lot of revenue per capita.
> they have 80% margin, according to the article I have a pet theory about private equity: they're in the business of laundering boring jobs for college graduates. Few kids dream of graduating college to work at a chemicals plant in Baton Rouge. But working for Accenture in New York or Atlanta, now that's sexy. Even if you spend your entire work week *checks notes* working at a chemicals plant in Baton Rouge. (Invest…
I think the other side of the chemical plant job is that the salary is higher than a college grad would get from the plant itself out of college.
Nobody at the chemical would ever pay a college grad VP^h^h consultant salary to work there.
(I did stuff like this out of college - got paid hourly ~ 3x normal employee salary at non-sexy location)
Re: Reflections on Palantir
#185Earlier quoted context omitted.
> On other hand, who are we defending from and why are spending all this money on world police when we have a ton of internal problems? Because someone has to be this if you want the continuation of the post-WWII rules-based international order that underpins the entire global economy. The Department of Defense and US hegemony are essentially overhead that is the Least Bad Option to stop WWIII from kicking off or the…
Force is only one of many methods to achieve certain outcomes, not all methods that could achieve the same general outcome are known, very little cognitive effort is put into searching for alternatives, leaving few options other than speculation if one is obligated to form a conclusion on the matter.
All deliberate actions to achieve certain outcomes are "force", it is a scale not a binary option.
Re: Reflections on Palantir
#186Earlier quoted context omitted.
But they have 80% margin, according to the article... so those engineers are generating a lot of revenue per capita.
> they have 80% margin, according to the article I have a pet theory about private equity: they're in the business of laundering boring jobs for college graduates. Few kids dream of graduating college to work at a chemicals plant in Baton Rouge. But working for Accenture in New York or Atlanta, now that's sexy. Even if you spend your entire work week *checks notes* working at a chemicals plant in Baton Rouge. (Invest…
Matt Levine had a funny similar take recently:
"You could have a model of Harvard Business School that is like:
1. Harvard Business School teaches you skills that would make you good at running a company.
2. There are lots of companies that could use those skills.
3. But you don’t want to run those companies, because they make, like, ball bearings.
4. You want to run a fancy company; you want to run a hedge fund or a tech startup or something.
5. Meanwhile, the people currently running the ball bearings company would not be all that excited about you, a fresh-faced business school graduate who has never run anything, coming in to run their company, even if you did learn a lot of useful skills at Harvard.
6. Therefore various industries exist whose principal business is laundering ball bearings companies into opportunities that appeal to Harvard Business School graduates. You wrap the ball bearings company in a name like “private equity” and suddenly it is legible to the Harvard students, so they flock to it.
7. Those industries are also in the business of getting the ball bearings companies to accept the Harvard Business School graduates, which in practice means not so much “make the ball bearings company excited about its new Harvard CEO” but rather “buy the ball bearings company and install new management.”
Re: Reflections on Palantir
#187Earlier quoted context omitted.
> You gotta think this rules-based order is designed to drive anyone decent crazy. All complaints, no solutions. Typical. So who does have the moral high-ground around the globe? It's unbelievable to me how many people think it'd be all peace and harmony if the US disappeared. I can imagine much worse, just by reading a history book.
> It's unbelievable to me how many people think it'd be all peace and harmony if the US disappeared. You've misread the situation. I don't think it would be global peace and harmony if we stopped playing world police. I simply do not care . It's not our responsibility to take care of other countries while we have serious problems at home that are going ignored.
Kissinger set out for a policy that prioritized stability, communication, and mutual understanding of each others' desires to live their own lives.
If we do not "take care" of other countries (as in stop being world police, stop assisting in their problems like Clinton did with Ireland's Troubles, etc...) we would have their problems at our doorstep.
Also, there is definitely a subset of Americans that cannot stand by living well when others aren't, just because they other people were born elsewhere. This applies on all levels: Country, State, County, City, Neighborhood, block, house, etc.
Re: Reflections on Palantir
#188Note that Palantir's moral stature isn't as grey or debatable as made in the article, it is basically clearly complicit in the genocide in Gaza. In other words, if you read the article I would add one more bucket to the three categories the author provided to classify palantir's work - genocide assistance. from https://www.middleeasteye.net/news/us-jd-vance-peter-thiel-f... """ Not only did it provide information to…
The war in Gaza is a moral gray area
Re: Reflections on Palantir
#189Palantir was working on my companies data for months getting ready to show us what AI could do for us. Internally I was asking "what could they possibly show us that we don't already know, even theoretically?" No one really had any idea either, but we were skeptically optimistic. Palantir said just wait, this AI shit is amazing and we'll have so many new insights for you. The day finally came and the execs were all i…
I agree, the business use case was zero. Was it impressive though?
In the sense that Palantir found out information that you guys already knew... but how much time did it take? How much man power and how much money? What is that compared to the resources your company spent to build that internal knowledge?
Also what company was it if you feel comfortable revealing?
Re: Reflections on Palantir
#190I worked there in the weird era. A couple things.
1. As per usual, the things that make palantir well known not even close to being the most dubious things.
2. I agree that the rank and file of palantir is no different from typical sv talent.
3. The services -> product transition was cool, I didn't weigh it as much as should've, but I did purchase fomo insurance after they ipo'd
4. The shadow hierarchy was so bad, it's impossible to figure out who you actually needed to talk to.