Palantir co-founder and Chief Executive Officer Alex Karp is among those who announced the tech firm has moved its headquarters to Miami on Tuesday. Photo by Gian Ehrenzeller/EPA
Feb. 17 (UPI) — Artificial intelligence and software analytics firm Palantir Technologies Inc. has moved its headquarters from Denver to Miami, company officials announced on Tuesday.
The announcement was made on social media and says only that Palantir has moved its headquarters to Miami without providing other information.
The tech firm has many government contracts, including with federal immigration law enforcement agencies and the military, which recently triggered protests and vandalism at Palantir’s Denver headquarters.
Palantir co-founder and Chief Executive Officer Alex Karp recently described it as a “completely anti-woke” firm that seeks employees who share its values, according to the Denver Gazette.
Palantir accepted a $30 million contract to create the ImmigrationOS app that enables Immigration and Customs Enforcement to support self-deportation, and the U.S. Army awarded the tech firm an up-to-$10 billion contract to provide data and software tools over the next decade.
Palantir also is among the corporate donors that contributed $300 million to build a ballroom on the site of the former East Wing of the White House.
Palantir’s co-founders established the tech firm in Palo Alto, Calif., in 2003 and in 2020 moved its headquarters to Denver.
The move to Miami follows that of many other tech firms and positions the coastal city as a rival to California’s Silicon Valley.
Florida’s tax-friendly business environment has helped the state to lure many tech billionaires from California, where lawmakers are wrangling over a proposed 5% wealth tax on residents who have a net worth of $1 billion or more.
Palantir co-founder Peter Thiel has relocated to Miami ahead of the tech firm’s headquarters move, and Karp in 2020 said the tech firm does not share the same values as many others in Silicon Valley’s tech community.
Meta Platforms Chief Executive Officer Mark Zuckerberg also is among wealthy big-tech bosses who have moved from California to Florida, and many tech firms have established hubs in Miami.