Palantir CEO Alex Karp Met With Zelenskiy in Ukraine – #marketnews

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Here are the most important bits - link https://www.bloomberg.com/news/articles/2022-06-02/palantir-ceo-alex-karp-met-with-zelenskiy-in-ukraine

Alex Karp, the chief executive officer of Palantir Technologies Inc., visited Ukraine and met with President Volodymyr Zelenskiy to discuss ways its technology could help the country resist the continuing Russian invasion.

“We are honored to be included in these discussions and recognize the leading role technology companies can play to reinforce their mission,” Palantir said in a statement. At the meeting, Karp and Zelenskiy “discussed how Palantir can continue to use its technology to support Ukraine,” the statement said. “With geopolitical tensions rising all over the world, enhancing security and protecting democratic institutions has never been more important

Palantir’s technology has been in use by Ukraine, the US and other NATO countries since the beginning of the conflict three months ago, according to a person familiar with the company who asked not to be identified discussing private information.

My opinion: I think that PLTR is extremely well-positioned to benefit from the potential increase in defence spending due to the "Ukraine Conflict" , particularly in Europe and the U.S. I believe that this meeting between Karp and Zelenskiy is a testament to that.

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