Over the past year, major European banks and asset managers have dramatically increased their investments in Palantir, the controversial U.S. technology company. This is despite the firm’s links to serious human rights violations. The company provides services to the U.S. Immigration and Customs Enforcement agency (ICE) and to the Israeli army in the Palestinian territories. In 2020, Amnesty International denounced the company for failing to comply with international standards, while the consulting firm MSCI gave it a score of two out of 10 for “civil liberties” and “human rights” in a recent benchmark report for institutional investors worldwide. Palantir’s founder and chairman, Peter Thiel, openly advocates anti-democratic and anti-EU positions.
European money pours into Palantir: Over 100 asset managers and banks boost their investments in the controversial tech company
