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Big Data Firm Palantir Prepares For Potential IPO

PYMNTS

Founded in 2004 by CEO Alex Karp and venture capital tycoon Peter Thiel, Palantir specializes in Big Data, working with major corporations and government agencies to crunch large volumes of information. Securities and Exchange Commission (SEC) informing the agency of its plans.

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AI, Big Data And Automation Take Center Stage At NRF

PYMNTS

Several new innovations that change the way retailers manage inventory and consumers purchase products were on display at the National Retail Federation’s annual trade show, The New York Times reported. During the three-day event, retail industry leaders discussed artificial intelligence, Big Data and automation.

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UK?s National Health Service Gave Tech Giants Access To Millions of Britons? Health Records

PYMNTS

United Kingdom officials gave a California software company access to the private personal data of millions of British residents to answer questions around COVID-19, CNBC reported. The NHS has said it allowed Palantir access to sensitive personal data of patients, employees and residents under a deal to help it cope with the pandemic.

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House Financial Services Task Force on Financial Technology to hold Nov. 21 hearing on the role of big data

CFPB Monitor

The Task Force on Financial Technology of the House Financial Services Committee has scheduled a hearing entitled “ Banking on Your Data: The Role of Big Data in Financial Services ” on November 21, 2019. Lauren Saunders, Associate Director, National Consumer Law Center. The scheduled witnesses include: Ms.

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FTC warns use of big data may violate federal consumer protection laws

CFPB Monitor

A new FTC report , “Big Data: A Tool for Inclusion or Exclusion? Understanding the Issues,” warns that certain uses of big data consisting of consumer information may implicate various federal consumer protection laws. ET, Ballard Spahr attorneys will hold a webinar, “Big Problems with Big Data?

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Palantir Reportedly Posted $580M Loss Last Year

PYMNTS

Palantir, which was started by Peter Thiel and Alex Karp, is focused on Big Data and works with government bodies as well as large corporations to make sense of large amounts of data. And, in June, Palantir Technologies Inc. received $500 million in funding from Sompo Japan Nipponkoa Holdings Inc.

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When Social Networks Become ‘Diversity-Aware’ Research Platforms

PYMNTS

WeNet is part of a world where so-called Big Data and smarter data analytics are carving paths to more personalization and efficiency in all types of digital and mobile encounters. According to national statistics, there are more than 6 million people under 25 affected by this health issue.