Palantir is a consulting shop that positions itself as a tech company
They also have one of the most profitable business models the world has ever seen. Their RPE (revenue per employee) is roughly $1mm and growing at a 50% YoY rate...
They heavily use technology as leverage for insane margin growth. 90% rule of 40 as well.
Is their profitable business model based on the fact that they're good at enabling & profiting from authoritarianism and corruption?
Meanwhile OnlyFans is at something like $30mm per employee, which is wild.
Revenue 2023: $1.30 billion[1]
Employees: ~1000
So they are at Palantir levels, which still is wild.
so yeah not the top of chain
The business model was completely stagnating before LLMs.
They are cashing in on the rush for large firms to wrangle data for LLMs but the entire concept of large firms and FDE has obvious scaling issues.