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Investing.com -- Palantir Technologies has filed a lawsuit against two former senior artificial intelligence engineers, accusing them of stealing confidential documents and information to create a competing company called Percepta.
The lawsuit was filed Thursday in Manhattan federal court against Radha Jain and Joanna Cohen, who previously held positions that gave them access to what Palantir describes as its "crown jewels," including source code that represents billions of dollars in investment.
According to the legal filing, Jain and Cohen allegedly used Palantir’s confidential information, proprietary methodologies, and customer relationships to develop a "copycat" version of Palantir’s technology. The company claims the former employees violated their contractual obligations, with their actions only recently coming to light after their new business emerged from stealth mode.
Palantir alleges that Jain, a co-founder of Percepta, was bound by a non-competition agreement while claiming to have developed in eleven months what took Palantir decades to create. A subsequent forensic investigation by Palantir reportedly uncovered theft of confidential materials.
The lawsuit states that Jain was responsible for designing and building Palantir’s flagship software, while Cohen worked directly with some of Palantir’s largest customers to configure AI software solutions. Their positions gave them access to Palantir’s source code, internal healthcare demonstration workspace, customer workflows, and proprietary customer engagement strategies.
Palantir describes itself as having invested billions of dollars to develop its market-leading AI platform that helps organizations integrate artificial intelligence into their operational workflows.
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