{"id":1649713,"date":"2022-09-20T17:05:52","date_gmt":"2022-09-20T21:05:52","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1649713"},"modified":"2022-09-20T17:07:11","modified_gmt":"2022-09-20T21:07:11","slug":"palantir-signs-20-million-deal-with-s-koreas-hyundai-heavy-industries","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/palantir-signs-20-million-deal-with-s-koreas-hyundai-heavy-industries\/","title":{"rendered":"Palantir signs $20 million deal with S.Korea\u2019s Hyundai Heavy Industries"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fpalantir-signs-20-million-deal-with-s-koreas-hyundai-heavy-industries%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1649713&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Joyce Lee<\/p>\n<p>SEOUL (Reuters) \u2013     Palantir Technologies Inc announced on Wednesday it signed a deal valued at $20 million over five years to expand its partnership with South Korea\u2019s Hyundai Heavy Industries Group, one of the world\u2019s largest shipbuilding conglomerates. <\/p>\n<p>The conglomerate\u2019s shipbuilding affiliates including Hyundai Heavy will use Palantir\u2019s operating system, known as Foundry, to strengthen data-driven decision making, Palantir\u2019s Chief Operating Officer Shyam Sankar told Reuters. <\/p>\n<p>Companies in the export-driven economy, faced with supply chain snarls and volatility for raw material prices, are increasingly seeking to make interconnected decisions with their data that help get immediate results in weeks, Sankar said. <\/p>\n<p>\u201cThe operators\u2026 understand this in their stomach,\u201d he added. \u201cThese are companies that have global operations.\u201d <\/p>\n<p>The deal is in addition to existing agreements with the conglomerate\u2019s refinery affiliate Hyundai Oilbank and construction machinery maker Hyundai Doosan Infracore, valued at over $25 million combined \u2013 expanding Palantir\u2019s footprint in the country. <\/p>\n<p>\u201cThe approach is\u2026 start with the decision they make\u2026 and make you better at each decision by improving the amount and surface area of data,\u201d instead of first looking to data then trying to make decisions \u2013 a novel approach for many customers, Sankar said. <\/p>\n<p>Palantir is also actively working to extend partnerships with South Korea\u2019s government as well as private sectors, and has formally opened an office in Seoul. <\/p>\n<p>In five years, Sankar estimated the United States will likely still take up about 60% of Palantir\u2019s sales, but Asia\u2019s portion in the remaining 40% will grow to be a large part as the firm seeks to expand in the region. The firm is currently focused on building its business in Japan, South Korea and Singapore. <\/p>\n<p>The firm co-founded by billionaire entrepreneur Peter Thiel in 2003 to aid in U.S. counter-terrorism operations now derives almost half its sales from the private sector.<\/p>\n<p> (Reporting by Joyce Lee; Editing by David Gregorio)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/palantir-signs-20-million\/file-photo-logo-of-u-s-software-company-palantir-technologies-is\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8J13W-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8J13W-BASEIMAGE\" \/><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/palantir-signs-20-million-2\/file-photo-shipyard-of-hyundai-heavy-industries-is-seen-in\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8J13Y-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8J13Y-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Joyce Lee SEOUL (Reuters) \u2013 Palantir Technologies Inc announced on Wednesday it signed a deal valued at $20 million over five years to expand its partnership with South Korea\u2019s<\/p>\n","protected":false},"author":66,"featured_media":1889078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1649713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/www.oann.com\/palantir-signs-20-million\/?utm_source=rss&utm_medium=rss&utm_campaign=palantir-signs-20-million","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1649713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1649713"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1649713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1889078"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1649713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1649713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1649713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}