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* 00:00So Sean how will this partnership work. Thank you for having me Emily.
This partnership is very exciting represents our first major expansion into
Korea. Here we're working with Hyundai Heavy here to drive the digital
transformation of their entire business. This is the largest shipbuilder in
the world. Just true feats of engineering the scales of these ships that
they're producing a new ship every eight months and everything from how do I
produce these ships. Better faster cheaper. How do I manage them in the
aftermarket. Once we've sold them and I think perhaps most excitingly how do
we introduce autonomy into ship transportation. Today 80 percent of all
accidents are actually human error. And this is this is a big opportunity for
the world for commerce it for our economies. What's this mean for here's
business and how will it help you expand internationally. Well it really
builds on our track record of working with industrial companies. You know I
would say Skyway ISE the aviation eco system that we built with Airbus was
quite revolutionary. They brought together the 15 largest suppliers in
aviation with one hundred and fifty airlines. It generates billions of
dollars of value for the aviation eco system. We brought that to automotive
and we're super excited to bring that to the shipping industry both on the
manufacturing of ships but also the transportation the execution the
operation of these vessels as well and all the participants in that
ecosystem. Well and speaking of manufacturing how are supply chain pains
impacting Palantir and impacting your clients. Given the number of industries
that you touch including now building ships. As you know Emily we work across
40 different industries and we've had a big role in helping companies with
supply chains from the very beginning of the pandemic like helping 3M produce
PPE helping keep hospitals open and running. One of the interesting realities
now with all Micron is that you're seeing that it's not just about heart
availability it's about people availability. You see that hospitals are
struggling to have full levels of staffing. And that is actually in a
holistic sense a supply chain problem. So we are helping people manage parts
and people together. And I think a big part of that is companies are
realizing that these kind of cute sayings of just in time were just in case.
These are these are just two things. The reality is that managing your supply
chain is a software problem and we are bringing that software to the front
lines to help them do that. You actually have a partnership with Merck to try
to address some of these issues the chip shortage in particular. What are you
learning from that. Yeah. Merck is one of the largest suppliers of material
to the semiconductor industry and clearly the crisis in semiconductors. Now
we work with industrial companies as they kind of work around this. But Merck
and Talent are joining forces to address the problem head on really thinking
about how we optimize quality in yield and get the most out of the chips that
we are producing the silicon we are making and get them to the most effective
places. And part of being it's a yes for us here is to meet with the
semiconductor manufacturers and start seeing how we can help them drive
quality and results immediately. You're at CBS actually this year. Unlike
many companies and executives that decided to present virtually I know that
these are a big theme there. You've also got a partnership with WI Joe which
is a connected car platform. Where are you expecting to see them. The most
innovations on the Eevee front. What are you looking ahead to. I really think
about about his mobility broadly speaking everything from autonomous vehicles
electric vehicles the connected vehicle data. You're seeing a big convergence
there. And one of the huge themes it has for us has been leveraging the edge
A.I. capabilities that we've been developing over the last few years. All of
these connected devices are generating so much data. People are realizing
that that's actually a problem. It's too much data to bring back from the
vehicles themselves to the cloud. So how do you push the analytics to the
edge. How do you start using those analytics in simulation. You know we think
about the metaverse from a consumer's perspective most of the time. But
really one of the more exciting applications are these digital twins where as
we Joe calls it the net a twin that allows cities to look at and simulate
what would happen if they changed how their traffic lights work based on
their on this connected vehicle data that's streaming off or allowed TV
manufacturers or maybe autonomous vehicle companies actually do more
simulation to understand how they can get more safety under more environments
and bring those to market more quickly. And we think there's going to be huge
opportunity in that space. They launch their neural edge product at CBS and
Founders a big part of that. There's been some debate John about whether CBS
should have moved forward in person at all given the spike in Kovac cases and
some skepticism in general about how relevant CBS still is. What's your
perspective on that given you're there at the conference this year. How much
value do you think it really still has. We've seen great opportunities from
being here of course people are being very safe and taking precautions. And
that's changed the ways in which people are engaging. But I still see a lot
of cutting edge innovation and great opportunities to engage with partners
and and build the future together. Now we're speaking about a year now since
Pelletier went public. Just looking at the stock dropped by about 21 percent
over the year underperformed the S & P. Do you see that turning around in
2022. What's your outlook ahead. We guided in Q4 to 40 percent growth in
twenty. Pretty excited about that. Pretty set about the fundamentals of
business. Over four and a million dollars in cash flow is our guide. So I
think that the business is performing really well. And what we focus on is
working our tail off to create value every single day. We're doing this for
the long term. You think about a great company like Apple. They've been
around forty five years. It took them 30 years to create the first hundred
billion dollars of value 12 additional years create the next trillion in
three years. On top of that the subsequent two trillion. And so we plan to do
this for a long time. We have a monastic focus on creating software that the
world needs before the world knows it needs it. We plan to keep doing that
and we think that will be reflected in the long term.
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* BLOOMBERG TECHNOLOGY
* TV SHOWS
January 5th, 2022, 11:59 PM GMT
Palantir COO Shyam Sankar joins Emily Chang to discuss their latest
announcement: a more than $25 million deal with Hyundai Heavy to build a new big
data platform. Also, his take on the supply chain crunch, the chip shortage, and
the future of EVs. (Source: Bloomberg)
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