coin-img-ETHETH+5.48%coin-img-SOLSOL+3.90%coin-img-XRPXRP+6.30%coin-img-BTCBTC+4.47%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE+6.07%coin-img-TRXTRX+0.12%coin-img-HYPEHYPE+6.95%coin-img-ETHETH+5.48%coin-img-SOLSOL+3.90%coin-img-XRPXRP+6.30%coin-img-BTCBTC+4.47%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE+6.07%coin-img-TRXTRX+0.12%coin-img-HYPEHYPE+6.95%coin-img-ETHETH+5.48%coin-img-SOLSOL+3.90%coin-img-XRPXRP+6.30%coin-img-BTCBTC+4.47%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE+6.07%coin-img-TRXTRX+0.12%coin-img-HYPEHYPE+6.95%coin-img-ETHETH+5.48%coin-img-SOLSOL+3.90%coin-img-XRPXRP+6.30%coin-img-BTCBTC+4.47%coin-img-USDCUSDC-0.03%coin-img-DOGEDOGE+6.07%coin-img-TRXTRX+0.12%coin-img-HYPEHYPE+6.95%
user-avatar
SMH.com.au

Coles to end Palantir contract after 2027 following privacy backlash

AI Market Summary
Coles confirmed it will not renew its Palantir contract beyond 2027 after privacy activism and shareholder pressure, ending a 2024 partnership that provided Palantir access to extensive operational data. The decision highlights rising ESG and data-governance risk for surveillance-adjacent enterprise software vendors, potentially increasing customer-retention scrutiny and reputational overhang. Near-term focus may shift to pipeline durability in regulated consumer-facing sectors.
Impact level
● Medium
Affected assets
NCSKPLTR2USD/USDT+6.76%
AI Insight · NCSKPLTR2USD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Australia’s supermarket giant Coles has confirmed it will not renew its contract with Palantir beyond 2027. The partnership, signed in early 2024, gave Palantir access to more than 10 billion rows of operational data. The decision followed pressure from a consumer privacy campaign that gathered more than 85,000 signatures and placed advertising outside close to 700 stores.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Finance

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.