Palantir CEO Alex Karp says French restrictions on US software are ‘backfiring’
Summary
Palantir CEO Alex Karp said that French rules limiting the use of US software by government agencies are causing problems. France recently chose a French company, ChapsVision, instead of Palantir for its intelligence agency because of worries about data control, but Karp believes these decisions hurt Europe’s ability to compete in technology.Key Facts
- France's intelligence agency DGSI replaced Palantir with the French company ChapsVision over data sovereignty concerns.
- Alex Karp said French and European regulations on US software are counterproductive.
- Karp argues regulations should be made by technical experts to be effective.
- He criticized the practice of using non-US companies to deploy American or Chinese software without thorough protection.
- Palantir still holds its contract with the DGSI for now while ChapsVision’s software is being prepared.
- ChapsVision had about 200 million euros ($232 million) in revenue last year; Palantir had $4.5 billion.
- Karp said the issue is not about commercial competition since Palantir is not trying to expand in France.
- Palantir has faced criticism for its links to US government surveillance and controversial activities.
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