In the leaked Slack messages, Jain said that Palantir was working to include updates about this work into an FAQ with the company’s PCL, or Privacy and Civil Liberties team. […] “I recognize this is a topic of interest for a lot of hobbits and we’re working to integrate these updates into the PCL FAQ,” Jain added, with “hobbits” a likely reference to J. R. R. Tolkien’s The Lord of the Rings, which Palantir gets its name from.
Source: wiktionary