It's unspeakably idiotic of Starmer's government to continue handing public data and infrastructure to Palantir right now. But the government is either too stupid or too corrupt to see it. Or both.
post
The Miami-based company, co-founded by the billionaire Donald Trump donor Peter Thiel, has been appointed for a three-month trial, paying more than £30,000 a week to analyse the FCA’s vast “data lake”, which could lead to a full procurement of an AI system. The deal is part of the FCA’s drive to use digital intelligence to better focus resources on rule-breaking among the 42,000 financial services firms it regulates, from major banks to crypto exchanges. There was only one other, unnamed competitor for the contract. Palantir already has more than £500m in UK public deals, including with the NHS, military and police. The contract has prompted warnings of “very significant privacy concerns”. Palantir is expected to apply its AI system, known as Foundry, to huge quantities of information held by the watchdog, including case intelligence files marked highly sensitive; information on so-called problem firms; reports from lenders about proven and suspected frauds; and data about the public, including consumer complaints to the financial ombudsman. The data includes recordings of phone calls, emails and trawls of social media posts, the Guardian understands. The FCA is one of several UK agencies which aim to stop financial crimes that underpin harms such as the drug trade and human trafficking. The deal has raised concerns inside the FCA. One source said: “Once Palantir understands how we detect money-laundering threats, how do we know that they are ethically reliable enough not to go to share that information?”
I dont know who I want more to die already:
Trump, who is a stupid fucktard who is destroying the world, or Thiel, who is incredibly perceptive, incredibly intelligent, and significantly psychotic and is destroying the world.
Both have done so much harm.
How the fuck do governments not at least check out the plan? It isn't a secret: Theil is a moron about people and believes in the theory that people need to be controlled and monitored, but also believes that a single world government is bad.
Therefore the only solution (in his mind) is that HE monitor everyone because only HE knows best.
I swear nobody has read The Lord of the Rings...
They had a quick look in the general direction of the cliffs notes.
Can't make this shit up ...
Whoever was involved in that procurement should be thoroughly investigated, and probably banned for life from holding any other position of responsibility. This is beyond insane.
Handing over UK state information to a foreign entity that has links with countries like Russia is at best problemmatic. Hopefully Palantir will use the promised "quantum computers" that the UK govt is supposedly buying at scale - that way we can be assured that it'll never work.
all 2 comments