Palantir is helping Trump's revenue service body investigate financial crimes
What's the story
Palantir Technologies, a leading data analytics firm, has been assisting the Internal Revenue Service (IRS) in investigating financial crimes. According to The Intercept, the IRS has paid Palantir $130 million since 2018 for its data analysis software. The information was revealed through public records detailing Palantir's contract with the IRS, obtained by American Oversight, a non-profit watchdog group.
Technological assistance
IRS's use of Palantir's products
The IRS has been using Palantir's products to automate and modernize its audit processes. The extent of the agency's use of these tools wasn't known until now. Last summer, it was reported that Palantir was helping DOGE, a "government efficiency" initiative launched by President Donald Trump's executive order with a project designed to access IRS records.
Software capabilities
Lead and case analytics platform
Palantir's Lead and Case Analytics platform is being used to aggregate and analyze data across various federal agencies. The software can detect "connections from millions of records with thousands of links" between different databases. It is particularly effective at mapping human relationships and communications, making it a valuable tool for investigations into financial crimes.