Palantir Technologies is trading 3.03% up now at €114.42 after launching a High Court challenge against the Mayor’s Office for Policing and Crime over a blocked £50 million Metropolitan Police AI contract.
- The company argues that the veto of the contract based on its values and ethics was unlawful, seeking to overturn the decision in the UK High Court.
- Investors are reacting positively as the legal push keeps a significant public-sector opportunity in play and reinforces the company's aggressive pursuit of government business.