Thiel's Palantir dumped by Norwegian investor over work for Israel
Technology
Thiel's Palantir dumped by Norwegian investor over work for Israel
LONDON/OSLO (Reuters) - One of the Nordic region's largest investors has sold its holdings in Palantir Technologies because of concerns that the US data firm's work for Israel might put the asset manager at risk of violating international humanitarian law and human rights.
Storebrand Asset Management disclosed this week that it had "excluded Palantir Technologies Inc. from our investments due (to) its sales of products and services to Israel for use in occupied Palestinian territories."
A representative for Palantir, based in Denver, did not immediately respond to a request for comment.
Storebrand said Palantir had not replied to any of its requests for information, first lodged in April.
The data analytics firm, co-founded by billionaire Peter Thiel, provides militaries with artificial-intelligence models.
Earlier this year, it agreed to a strategic partnership to supply technology to Israel to assist in the ongoing war in Gaza.
