Palantir invested $25 million in Faraday Future
Read Time:35 Second

Palantir invested $25 million in Faraday Future

0 0

Data-mining firm Palantir invested $25 million in Faraday Future shortly before the electric vehicle startup became a publicly traded company in July, according to a previously unreported Securities and Exchange Commission (SEC) document filed late last week.

In addition, Faraday Future signed a commercial contract to use Palantir’s software, according to one of Palantir’s most recent SEC filings. Neither company disclosed how much Faraday Future is paying, though Palantir’s filing notes the contract will last between four and six years. Representatives for both companies did not immediately respond to requests for comment.

Palantir says its software is meant to serve as a “central operating system” for companies that need to sift…

Continue reading…

About Post Author

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous post 9to5Mac Daily: August 26, 2021 – iOS 15 beta 7 changes and iCloud Private Relay
Next post Pokémon TV app now available on Switch
Generated by Feedzy