What I find interesting about this is that in effect Palantir is acting as a consulting company while pretending to be a software tooling company. This allows them to claim a higher earnings multiple to inflate value and extract more money out of VCs and offer a lower percentage of equity to employees. This is a very old trick. The problem is that consulting companies are much harder to scale than software companies and the inevitable disappointment will lead to a loss of equity.
There is good money in consulting (I am one) but it's hard to build a large consulting company when the 'tooling' companies can poach your talent away with cheap VC money and fairy tales about future piles of cash. It spoils the market. VC powered tooling companies masquerading as consulting companies are a real problem right now.
My understanding is that many of the tooling companies who became consulting firms mostly jettisoned the tools along the way. Palantir has just let theirs stagnate.
"Ab Initio maintains a high level of secrecy regarding their products. Some people working with their product, even those who work for organizations who use Ab Initio, operate under a non-disclosure agreement which prevents them from revealing Ab Initio technical information to the public."