The fact that palantir is still able to cultivate this much press coverage and phony mystique is a testament to their PR budget.
Logic also had a story about palantir this quarter. What I found most remarkable about that article is that the UI hasn’t changed in a decade! What looked edgy ten years ago now looks cheesy as hell.
I don’t know how the internals have changed over that time, but at that time, palantir was an entity resolver and a search engine. They also sold and continue to sell a ton of consulting services at mid-tier rates. In that sense their biggest competitor is... Booz Allen although they’d never admit it. BAH at least makes a profit.