U.S. AI data analysis corporations Palantir moved its headquarters from Denver, Colorado, to Miami, Florida. It is a retransfer six years after transferring from Silicon Valley to Denver in 2020.
Palantir said on X (formerly Twitter) on the 17th (local time) that it had transferred its headquarters to Miami but did not disclose specific reasons.
In the industry, the move to a Republican stronghold is seen as a choice to reduce the burden of AI regulation and taxes. Colorado passed the United States' first AI regulation law banning algorithmic discrimination in 2024, with enforcement set for the second half of this year.
President Donald Trump also criticized the law in an executive order in December last year banning state-by-state AI regulations, saying it "could be forced to generate false results."
Palantir has provided data analysis to the Immigration and Customs Enforcement (ICE) and the military authorities, and some say that "political discord" may have become a burden as protests over assisting immigration enforcement continued in front of the Denver headquarters.
Palantir Chief Executive Officer Alex Karp referred to the "woke crowd" when explaining the background of leaving Silicon Valley in 2022, and in a shareholder letter earlier this month, pushed back against criticism of ICE use, saying the government "should use the tools more."
Florida is striving to attract major tech corporations by touting low taxes. Co-founder and board chair Peter Thiel also moved his base to Miami to avoid controversy over a "billionaires tax" and opened an investment firm office.
Meanwhile, Palantir's U.S. government-related revenue last year was tallied at $1.855 billion, up 55% from the previous year.