What does Palantir actually do?

“The video provides an in-depth analysis of Palantir, a data analytics software company co-founded by Peter Thiel and led by CEO Alex Karp. Initially gaining prominence during the war on terror by integrating battlefield data, Palantir has evolved into a major AI-powered problem solver for the U.S. Department of Defense and commercial clients. The company's stock has seen significant growth, including a 340% surge in 2024, driven by a pivot to AI products and a 54% jump in U.S. commercial revenue last year. Palantir is disrupting traditional defense contractors by openly embracing government partnerships and developing technology for military applications, securing over $1.3 billion in DoD contracts since 2009, but faces ongoing scrutiny regarding privacy concerns and its ability to build major weapons systems compared to established primes.”