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by api 27 days ago
Oh boy. This edgelord. Where to start.

Everything he says about AI companies charging a subscription and then possibly extracting value from customer data is true for every single cloud hosted SaaS since the dawn of that model. If you put your data on someone else’s computer, you have only their word they won’t misuse or leak it. Often, if you read the ToS, you don’t even have that.

Google Drive and Gmail anyone? They’ve had the Crown Jewels of a ton of businesses since forever. Even governments. Can you imagine what they have? Just Gmail alone. It’s staggering.

Dropbox? Microsoft OneDrive? Mind blowing.

Palantir? Pretty rich for a guy who runs a company named after an insecure communication channel used to steal data and run side channel attacks to talk about the risks of losing data sovereignty.

Obviously nobody would ever… say… insider trade with that data. That would be unethical and illegal. Has that ever happened? Who knows. Palantir, Google, and every other company I listed are definitely using that data for AI training. I'd be shocked if they were not, ToS or enterprise agreements be damned. The AI race is so hot and hype-loaded that they'd run the risk of getting sued if they thought the data would give them an edge. They'd probably just settle the lawsuit and call it COGS.

Not your storage, not your data (unless it's encrypted with keys only you possess).

As for why they don’t take equity positions when the products save time or boost productivity… lol wut?

Yeah. My Mac boosts my productivity. It requires less maintenance than any other computer I can buy. So Apple gets equity in my company, right?

Steam engine companies got equity in mining ventures when they sold them automated water pumps. Railroads got equity in food companies for shipping fast and reducing spoilage. The inventors of refrigeration too. Can you imagine how much agro company equity they must have gotten!

Just wat.

1 comments

AFAIK a bunch of customers run Palantir on prem specifically so that their data doesn't leak and they can use a firewall instead of a TOS. Some of the data is so sensitive that Palantir doesn't want to touch it. I don't think it's accurate to lump Palantir in with all the other SaaS.