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The Chief Technology Officer of Palantir Technologies Inc (NYSE:PLTR), Shyam Sankar, recently unveiled the favorite movie of the company’s CEO, Alex Karp, and how it reflects his business philosophy.
What Happened: In a brief podcast with social media influencers Amit and Arny Trezzi, Sankar disclosed that Karp’s favorite business movie is ‘The 36th Chamber of Shaolin.’ Sankar explained that the movie’s theme of striving to understand the world and make a significant impact resonates with Karp’s approach to business.
“It took me a long time to really understand why, and it's like, you're just trying to earn your way into the next chamber of understanding- how does the world really work? How can we have a greater impact as a consequence of that work?” Sankar said.
In “The 36th Chamber of Shaolin,” a student named Liu is prompted to resist the oppressive Manchu regime in China, resulting in disastrous consequences. Seeking sanctuary from the turmoil, Liu takes refuge in the Shaolin Temple, where he receives training in the monastery’s renowned martial arts skills.
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Why It Matters: This revelation provides insight into Karp’s leadership style and business philosophy. It follows a series of recent controversial statements and actions by Karp, including joking about drone-striking rivals and sending protesters to North Korea at a Capitol Hill forum. These incidents have raised questions about Karp’s approach to leadership and the impact on Palantir’s reputation.
In a recent earnings call, Karp dismissed the idea of any competitors in the U.S. commercial and government markets, asserting that potential rivals are merely trying to replicate Palantir’s unique capabilities, but are not on the same level as Palantir.
Despite the controversy surrounding his comments, Palantir’s first quarter earnings report showed a 21% year-over-year increase in revenue, reaching $634 million, with a 27% year-over-year growth in commercial revenue, driven by a 40% year-over-year increase in U.S. commercial revenue.
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Posted In: PLTR
