Palantir Expands UK Foothold, Gains Access to Sensitive FCA Data
Controversial AI firm Palantir secures contract to analyze UK financial regulator's intelligence data in effort to combat fraud and financial crime.
Palantir, the US-based AI and data analytics company, has been granted access to a trove of highly sensitive financial regulation data from the UK's Financial Conduct Authority (FCA). This deal, which has raised fresh concerns about Palantir's deepening reach into the British state, will see the firm investigate the watchdog's internal intelligence data in an effort to help tackle financial crime, including fraud, money laundering, and insider trading.
The exclusive agreement between Palantir and the FCA is the latest in a series of moves that have expanded the company's presence and influence within the UK government and public sector. This new contract gives Palantir even greater access to the inner workings of power in Britain, raising fresh concerns over privacy and the growing role of private technology firms in sensitive government functions.
Source: The Guardian
