Palantir Technologies reported strong earnings, exceeding expectations, and increased its full-year revenue forecast. During the earnings call, executives, including CTO Shyam Sankar and CEO Alex Karp, discussed the significance of DOGE in promoting accountability within government spending. They criticized ineffective projects that drain resources and highlighted a growing need to eliminate waste and examine system efficiencies. Additionally, Palantir outlined its commitment to meritocracy with a fellowship program aimed at non-college enrollees.
The government has started to resemble a fine-marbled wagyu - the fake projects that do not deliver and will never deliver crowd out and suffocate the things that could actually be excellent.
There needs to be pressure on the system to root out fraud, waste, and abuse and to pen test systems to see if they create more value.
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