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Palantir cofounder on the US taking a stake in Intel: 'The whole thing is very weird'
Business Insider·2025-09-05 00:52

Joe Lonsdale, the cofounder of Palantir and founding partner of Austin-based venture capital firm 8VC, said Thursday he was "uncomfortable" with the government's 8.9billioninvestmentinIntel."Itsveryweird,ofcourse,forthegovernmenttobetakingastakeinsomething,"LonsdalesaidonCNBCsSquawkBox."Itsalsoalittlebitweirdforthegovernmenttobegiving8.9 billion investment in Intel. "It's very weird, of course, for the government to be taking a stake in something," Lonsdale said on CNBC's Squawk Box. "It's also a little bit weird for the government to be giving 9 billion to a company, too.""It's cronyism in some form," he added. Cronyism, the milder cousin of nepotism, is the practice of giv ...