Palantir CEO Alex Karp on CNBC (screenshot)
Storebrand Asset Management, a leading asset manager in the Nordic region, sold its holdings in Palantir Technologies, a data mining software firm that was co-founded by Alex Karp, over his support for Israel. Storebrand said in a statement that the firm “excluded Palantir Technologies Inc. from our investments due (to) its sales of products and services to Israel for use in occupied Palestinian territories.”
Palantir Technologies’ software lets our customers integrate and analyze all of their data so they can answer questions that they couldn’t before. From delivering disaster relief to building safer automobiles, we’re honored to help make our partners better at their most important work.
Palantir has had a strong position of support for the American administration as well as Israel for years. In 2019, Alex Karp explained that he knew this was not good for business saying, “It is not intelligible. It is not intelligible to the average person. It’s academically not sustainable. And I am very happy we’re not on that side of the debate.”
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Not long after the October 7 massacre, Alex Karp told investors that he was, “exceedingly proud that after Oct. 7, within weeks, we (Palantir) are on the ground and we are involved in operationally crucial operations in Israel.”
Alex Karp told CNBC’s show “Money Moves” in March, “We’ve lost employees. I’m sure we’ll lose employees.”
“If you have a position that does not cost you ever to lose an employee, it’s not a position,” he added.
According to his official bio, Alex Karp served in various positions with Palantir since co-founding the firm. He has served as a member of our Board of Directors since 2003. Mr. Karp holds a B.A. from Haverford College, a J.D. from Stanford University, and a Ph.D. from Goethe University in Frankfurt, Germany.
According to Forbes, Karp’s estimated net worth is around $1.9 billion as of February 2024.
