Palantir CTO outlines plan to revitalize US defense industry in new report

Palantir's CTO, Shyam Sankar, discussed a new report titled "The American Reformation," which outlines a plan to revitalize the U.S. defense industry. He emphasized the need for competition within military contracts, contrasting it with past practices where multiple branches competed to develop superior products. Sankar highlighted current global threats, including North Korea's missile tests and conflicts in Ukraine and Israel, as reasons for urgent action. He criticized the current monopolistic approach in defense contracting, suggesting it resembles central planning and stifles innovation. The report calls for a return to a more competitive industrial base, drawing on historical examples of American manufacturing. Sankar believes that leveraging technology and encouraging innovation from entrepreneurs can help restore the U.S. industrial strength.