Part 2. Palantir gets the boot from Europe.
"there is something else and that is the Cloud Act of 2018. So yes that is when Donald Trump was in power but it was a bipartisan effort and essentially it says that US courts can compel US companies to hand over whatever data that the US courts want to get and that could be EU citizen data and that could be EU citizen data held in servers in the EU and the US incorporated company would have to hand it over. Now there are some ways around that because firstly that completely clashes with the EU's GDPR regulation which basically says your data belongeth to you and no foreign entities can get it. So then you've got these companies that are that are sort of caught in the middle and sometimes they give encryption keys to their customers so physically can't get at it but what about if that encryption is broken? Nevertheless this is why the first entities you are seeing rejecting Palantir an American-based company are associated with the intelligent services around Europe because probably safe is not good enough if America has that kind of reach into your most sensitive information so that is why so many of these European companies are looking to Europe-based entities to do that work and hold those data and this means that Palantir is hitting something of a brick wall increasingly in 2025 and 2026 in Europe. It used to be the case that 40% of Palantir's business a few years back was in the US and then the rest was around the world. Now it's 75% so Palantir is really growing fast in the US. Its second biggest customer is the UK and in the UK there's a real battle going on against Palantir. Palantir first got a foothold in the UK during Covid and then it managed to get its foot into the NHS database system in 2023 then when Keir Starmer came to power and went out to the States Peter Mandelson introduced him to Palantir there and Alex Karp there while"
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Part 2. Palantir gets the boot from Europe.
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