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Palantir CEO Alex Karp said the AI industry carries Marxist overtones, warning that frontier labs want to seize their customers' means of production, hours after posting 93% revenue growth. Key Points: Karp used Palantir's quarterly shareholder letter to accuse large language model builders of captu

Palantir Technologies CEO Alex Karp accused OpenAI and Anthropic of overselling token-based AI services that he said often produce little measurable value for large companies. Key Points: Karp said enterprises are paying for AI tokens without receiving results that justify the expense. He argued tha

Palantir reportedly lost more than 50 engineers in a year, and its shares shed roughly a quarter of their value in 2026, with chief executive Alex Karp's politics drawing blame, according to media reports. Key Points: More than 50 experienced engineers reportedly left Palantir over the past year, wi

Palantir shares fell 1.6% on Jul. 8 after a report raised concern that Democrats could scrutinize the company’s government contracts. Key Points: Palantir ended a seven-day rally that had lifted the stock 25%. A Financial Times report pointed to internal concern over possible Democratic pressure on

Nvidia and Palantir Technologies are bringing open AI models into secure U.S. government systems through a collaboration built around Nvidia’s Nemotron models and Palantir’s sovereign AI stack. Key Points: Palantir’s new intelligence engine will run Nvidia Nemotron open models inside customer-contro