NEWSLETTER
Many actions have had significantly recent problems, but a technological company has had a good performance, despite some volatility.
Palantir technologies (Fungus) It is demonstrating a clear capacity to overcome even unfavorable market conditions. Originally a data analysis company has become a leader in areas such as artificial intelligence (ai), cybersecurity and defense technology.
Do not miss the move: Subscribe to the free newspaper of Thestreet
In today's difficult climate, even the strongest technological actions face a uphill battle as President Donald Trump's recent rates continue to push the entire sectors amid the growing uncertainty. For investors, this has caused many questions about the future of high growth industries such as ai and if companies invested in IT can recover.
Until now, Palantir's growth has inspired the hope that the ai market still has room for running. But the company is launching a new recruitment campaign that can be controversial for several reasons.
Image and colon source; Kiyoshi Ota & Sol; Bloomberg through Getty Images
Palantir is taking a page from its founder's play book
Although it is not the current CEO, Palantir is often associated with a man who helped find him. A remarkable risk capitalist, Thiel has helped find and grow several of the most outstanding companies in the technological sector, including Paypal, facebook and Palantir.
However, one thing that Thiel is best known is his position against higher education. Despite celebrating two degrees from Stanford University, he is a vocal critic of universities and has even launched a scholarship program that pays aspiring entrepreneurs to leave the university and start a company.
Related: The analyst sends a striking message about the Palantir stock in the middle of the rate
Now Palantir is adopting a similar approach as maneuver to attract new talents. The company has launched as far as the “community of Meritocracy”, a four -month internship program for recent high school graduates that have not enrolled in the university.
The position pays approximately $ 5,400 per month, more than many internship programs after the university. Palantir's Work publication He suggests that the company is especially interested in candidates with experience in statistical programming and analysis.
“Opaque admission standards in many American universities have displaced meritocracy and excellence,” says the company. “As a result, qualified students are denied an education based on subjective and shallow criteria. In the absence of meritocracy, campus have become breeding roads for extremism and chaos.”
It seems that there are no restrictions on who can apply, as long as students have graduated from high school and do not take any accredited university courses. However, the program requires a 1460 or more SAT score and an Act score of at least 33. Both brands are considered extremely high.
This requirement suggests that Palantir is not completely rejecting the higher education system.
While the company does not require a personal statement or a submission letter, it asks the applicants to answer some basic questions about past achievements and why they want to work there, which they feel remembered the questions raised by some universities as part of their application process.
More Palantir
- Goldman Sachs analyst reviews the price objective of Palantir's shares
- The veteran merchant makes a bold movement in Palantir, Rocket Lab and Sofi
- The analyst renovates the price of the price of Palantir's shares after the fall
The company also points out that candidates who complete the scholarship of meritocracy and demonstrate exceptional success will be able to interview full time positions in the company, apparently without a university degree.
Other technological companies will follow Palantir's example?
Thiel is not the only founder of Palantir who issues strong criticism of the United States university system. The CEO Alex Karp recently stated that “everything you learned in your school and university on how the world works is intellectually incorrect”, a statement that sounds similar to the previous anti-university diatribes of Thiel.
While it is not clear how many applicants will be attracted to this communion, the technological community seems to be adopting the anti-educational position defended by Thiel and Karp.
Related: tariffs could lead to great nightmare for technological actions in the US.
“Last month, a 18 -year -old startup founder with a business that collects $ 30 million in annual recurring revenues became viral in x after revealing that it was rejected by 15 of the 18 elite universities he requested, despite an average of 4.0 qualifications and almost perfect standardized test scores,” reports Business Insider.
In addition, recent high school graduates may not have the necessary skills to carry out the work required in a leading industry company such as Palantir. But the industry is dealing with the lack of qualified professionals, and many founders seem to think that the action is necessary.
Elon Musk has advocated that the United States government expands the H-1B Visa program that brings internationally born technological workers to the United States, but until that happens, Palantir may have found a solution to address labor shortage.
Related: The veteran fund manager presents a striking prognosis S&P 500
