EconomyLens.com
No Result
View All Result
Sunday, October 18, 2026
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Palantir chief says France’s digital sovereignty push ‘backfiring’

Natalie Fisher by Natalie Fisher
September 2, 2026
in Business
Reading Time: 5 mins read
A A
3
51
SHARES
637
VIEWS
Share on FacebookShare on Twitter

France's intelligence agency recently decided to drop Alex Karp's Palantir in favor of domestic provider ChapsVision. ©AFP

Chapel Hill (United States) (AFP) – Palantir chief executive Alex Karp said Wednesday that French regulatory restrictions, including limiting government use of US-made software, were proving counterproductive. Karp’s argument follows France’s recent decision to drop Palantir at its domestic intelligence agency, the DGSI, in favor of French provider ChapsVision, over data sovereignty concerns.

Related

New York City pension fund asks Anthropic to delay IPO

UniCredit says receives ECB green light for Commerzbank takeover

Don’t exclude Turkey from ‘Made in Europe’ plan: minister to AFP

Seven missing off Romania after latest Black Sea drone attacks

Seven missing after fire on vessel in Black Sea off Romania

“These things are backfiring,” he said, adding that “the regulatory environment is obviously not helping Europe or France.” Speaking to AFP on the sidelines of a G20 gathering in Chapel Hill, North Carolina, Karp said the problem was that sovereignty decisions were being made by people without the expertise to judge them. “You need to have regulation that actually helps. And to do that, you need to be a technical expert,” he said.

The eccentric executive cast his criticism as friendly, invoking the French proverb “qui aime bien chatie bien” — spare the rod, spoil the child. “I care,” he said. Karp reserved his sharpest language for what he described as sovereignty in name only: contracting non-US firms to deploy American or Chinese closed models. That, he said, was the technical equivalent of “un cinq a sept sans preservatif” — an afternoon tryst without protection.

France, he added, was “culturally the most important country in Europe, and economically the second most important.” Asked about European anxiety over dependence on US technology under President Donald Trump, Karp said the moment for hesitation had passed. “It’s game time,” he said. “You’ve got to deal with the technical issues. There are legitimate concerns, but it’s game time.”

He drew a distinction between substantive objections and what he called alarmism. “You cannot just pretend the technical concerns that are true are the same thing as the fearmongering,” he said, adding that he was not arguing American companies should control everything. Karp said his warning was not commercially motivated. “We have a very small presence (in France). We’re not really trying to expand,” he said.

ChapsVision, founded in 2019, reported 200 million euros ($232 million) in revenue last year, against Palantir’s $4.5 billion. Palantir has said its DGSI contract remains fully in force for now. A French security source told AFP the agency would keep using the software in the meantime, since it cannot afford operational disruptions while ChapsVision’s tool completes development. Deployment is expected to take several months or more.

Palantir has become somewhat of a lightning rod in Europe. Rights groups have long objected to Palantir’s role in mass surveillance, its facial recognition tools, and its work for the US government. Co-founded by Trump ally Peter Thiel in the wake of the September 11, 2001 terrorist attacks, the company has been accused of enabling Israeli targeting in Gaza.

© 2024 AFP

Tags: Franceregulationtechnology
Share20Tweet13Share4Pin5Send
Previous Post

Tech bosses press G20 to build data centers, but split on risk

Next Post

US energy firms dominate Venezuela deals worth billions

Natalie Fisher

Natalie Fisher

Related Posts

Business

Musk suggests US govt behind any slowdown in Ukraine’s Starshield system

October 14, 2026
Business

Lufthansa wins contest for TAP Air Portugal stake

October 14, 2026
Business

Drone hits data centre of Russia’s largest bank

October 14, 2026
Business

US fines Bank of America $1.2 bn for anti-money laundering violations

October 13, 2026
Business

Reese Witherspoon, France’s Mediawan to buy Hello Sunshine

October 13, 2026
Business

Goldman Sachs profits jump as CEO says no plans to exit

October 13, 2026
Next Post

US energy firms dominate Venezuela deals worth billions

US not 'stealing Venezuelan oil,' energy secretary insists

Farming experts tout 'conscious' food systems to fix agriculture woes

Stocks rise, yields ease as oil slips on Trump hint at short bombing campaign

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

104

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Vietnam signs free trade deal with four European nations

October 17, 2026

Western brands under pressure as ‘pre-owned’ luxury booms in China

October 18, 2026

What is holding up the US-India trade deal?

October 18, 2026

Hollywood’s fresh take on tech titans: from heroes to villains

October 17, 2026
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Your Privacy Choices

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2026 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.