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Coles is moving on from Palantir, the US tech firm used by Defence and ICE. September 4, 2026 Coles is ending its partnership with Palantir after months of pressure over the US tech company's work with immigration authorities and the military. The supermarket confirmed its contract will not be extended beyond 2027, wrapping up a deal that started in early 2024. "Coles and Palantir have agreed to conclude their partnership after three years of collaboration," Coles said in a statement provided to Yahoo News. The decision comes after a months of public pressure, including a campaign by GetUp, which urged Coles to ditch Palantir and gathered more than 83,000 signatures. The group also ran digital billboards outside Coles stores and supported a shareholder push for the company to look more closely at its data practices and human rights obligations. GetUp interim chief executive Paul Ferris said the result was overdue. "Credit where it's due: ending this contract is the right call for Coles' customers and workers, and we welcome it," Ferris said in an email sent to signatories. What is Palantir? Palantir was co-founded by billionaire Peter Thiel and makes software that helps organisations sort through and analyse large amounts of data. Its work stretches from major companies to government agencies, including supplying technology to ICE and the US military with systems used in intelligence and targeting work. Coles has maintained throughout the campaign that the software was not connected to CCTV, facial recognition, customer surveillance or crime-prevention measures. Instead, it said Palantir's technology was used inside Coles' own systems for tasks such as rostering, bakery production planning, supply-chain work and reviewing trading performance. "The software is deployed within Coles' own environment and is operated and isolated under Coles controls," a Coles spokesperson said. "Palantir does not control the data, nor can it independently repurpose it." Palantir also rejected suggestions it was collecting Coles customer data. In August, a spokesperson said the company had "no interest" in mining, scraping or monetising the supermarket's information. Coles has not explained why it will not renew the arrangement, and neither company has confirmed when the transition will be complete. Palantir is still used in other parts of Australia, including Rio Tinto and Australia's Department of Defence. Lead image: Getty News Writer / Producer Simran Pasricha is a News Writer/Producer with PEDESTRIAN.TV. While she loves writing all things culture, politics and activism, you can also find her scouring the weird parts of the web for niche internet drama and yapping about reality TV.

What are you actually buying in Palantir stock? Published on: 9/4/2026. Palantir Technologies (PLTR) trades at 71.2 times sales against 3.2 for the S&P 500. That is a price on speed, not on the business as it stands. Revenue has grown at a 46.3% average annual rate over three years against 5.9% for the market, and that growth comes from a narrower place than the multiple suggests. Where Is All That Revenue Coming From? U.S. customers, overwhelmingly. The U.S. business now accounts for over 81% of total revenue and grew 115% year over year in the second quarter of 2026, with U.S. commercial revenue accelerating to 149%. What those customers buy is AIP, which Palantir sells as sovereign AI: enterprises owning the data, logic, actions and security of their own operations. International commercial revenue grew 26% in the same quarter. Management is blunt that growth in its European institutional work is poor, and just as blunt that it is driving the whole business at the U.S. commercial growth rate for the next 18 months. So the multiple is really a price on Palantir's U.S. business. Can Palantir Keep The Rate Up? Much of the next stretch is already contracted. U.S. commercial bookings measured by total contract value grew 153% year over year in the second quarter of 2026, and Palantir ended that quarter with $13.1 billion of total remaining deal value, $4.9 billion of it remaining performance obligations, against trailing twelve-month revenue of $6.2 billion. The government half is bought the same way. The Army has awarded Palantir a prime agreement covering eight new TITAN ground stations. An official government program now runs on another of Palantir's platforms, one with over 25,000 people building on it. The company says its Department of War revenue over the trailing twelve months is under 25 basis points of the Pentagon's budget. The room left is real, and so is the dependence. Every dollar of that room needs U.S. institutions to keep moving their operations onto one vendor's stack. What Happens To You If America Slows Down? The company would be fine. It carries essentially no debt, and cash is 80.6% of its total assets against 6.6% for the market. Your entry price is the exposed part. In the 2022 inflation shock the stock fell 64% against a 24% drop for the S&P 500, and needed about 15 months from the low to reclaim the old high. The options market is pricing less of that risk than usual. Implied volatility sits at 48, in the 28th percentile of its trailing one-year range. The stock returned 17.8% over the trailing twelve months while trailing revenue went from $3.4 billion to $6.2 billion, so growth has been arriving in the business faster than in the share price. Management has guided third-quarter 2026 revenue to roughly $2.16 billion and adjusted operating income above $1.29 billion, and warned of a big ramp in expense in the same quarter from new hire starts. So what are you buying? A growth rate many times the index's, on the assumption that U.S. institutions keep buying at this pace. That is a genuinely hard call, and an expensive one to get wrong. If you cannot settle it, do not settle it here. Our five-factor stock scorecard ranks every stock on growth, profitability, stability, resilience and valuation. One Country's Appetite Is A Lot To Rest On And if that is more work than you want, hand it to us. Deciding what belongs in the Trefis High Quality Portfolio takes a great deal more than one question about one stock, and that work does not stop once a name is in. That portfolio has a track record of outpacing the three major indices.

Atira banks $17.5M to automate industrial sales bids. Accel leads Atira's $17.5M seed to automate industrial sales engineering with multi-agent AI. Last updated: September 3, 2026 11:33 pm Munich-based Atira has raised $17.5M, including a $15M seed led by Accel and a previously unannounced $2.5M pre-seed, to automate industrial sales engineering with multi-agent AI. UVC, Fortino and Booom joined the round alongside executives such as Whirlpool CEO Marc Bitzer and Celonis co-founder Bastian Nominacher. The company was founded in November 2024 by Florian Diegruber, a former commercial lead at Palantir, and August DuMont Schutte, previously an ML software engineer at Google. Its platform helps manufacturers of complex, built-to-order products process requests for quotation: it reviews specifications, flags key requirements, configures solutions and produces bid documentation. Atira connects to existing CRM, ERP and CPQ systems and generates technical documentation, configuration proposals, pricing options and final proposals. Preparing a single bid today can take weeks or months, with sales engineers, technical teams, legal and commercial staff combing through hundreds of pages of specifications. The startup estimates industrial sales engineering represents more than $128B in annual labor spending worldwide. Since its commercial launch in November 2025 it has signed more than 15 customers, including ABB E-Mobility, Chiron Group, Rema Tip Top and Robel, and says early users have cut request-to-bid preparation times sharply. Fresh money will expand the go-to-market team, speed product development and support international growth. Atira is targeting one of manufacturing's most manual white-collar workflows, and Accel's backing signals growing conviction that agentic AI can move beyond code and support into deep industrial processes.