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☆ Stanley Druckenmiller says stock investing is going to be really tough the next 10 years
▼ + stars: | 2023-11-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Druckenmiller said that prior to quantitative easing, which began as part of the government's response to the 2008 financial crisis, stock valuations were typically at about 15-times earnings. The recent spike in Treasury yields have put market interest rates near their highest levels since 2007. A lot do — a stock picker's market," Druckenmiller said. "A lot of people made money in the stock market in the '70s. Not, frankly, unlike what has happened in the stock market in the last year."

Persons: Stanley Druckenmiller, Druckenmiller, I've, we're, Alex Karp, It's, George Soros Organizations: Duquesne Family, Quantum, Duquesne Capital Management Locations: U.S

☆ Palantir CEO: Our focus is to 'embarrass' competitors in AI to work with the U.S. government
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalantir CEO: Our focus is to 'embarrass' competitors in AI to work with the U.S. governmentPalantir CEO Alex Karp joins 'Squawk on the Street' to discuss Palantir's focus on its work with the U.S. government, his takeaways from the Senate's AI summit, and more.

Persons: Alex Karp Organizations: U.S, U.S .

☆ Elon Musk, Mark Zuckerberg, Bill Gates and other tech leaders in closed Senate session about AI
▼ + stars: | 2023-09-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +8 min

Senate Majority Leader Chuck Schumer, D-N.Y., hosted the panel of tech executives, labor and civil rights leaders as part of the Senate's inaugural "AI Insight Forum." Google CEO Sundar Pichai, arrives for a US Senate bipartisan Artificial Intelligence (AI) Insight Forum at the US Capitol in Washington, DC, on September 13, 2023. Working toward legislationSchumer said in his prepared remarks that the event marked the beginning of "an enormous and complex and vital undertaking: building a foundation for bipartisan AI policy that Congress can pass." Successful legislation will need to be bipartisan, Schumer added, saying he'd spoken with House Speaker Kevin McCarthy, R-Calif., who was "encouraging." Sen. Maria Cantwell, D-Wash., who leads the Commerce Committee, predicted lawmakers could get AI legislation "done in the next year."

Persons: Elon Musk, Alex Karp, Chuck Schumer, Leah Millis, CNBC's Eamon Javers, Sens, Mike Rounds, Martin Heinrich, Todd Young, Schumer, Sam Altman, Eric Schmidt, Mark Zuckerberg, Sundar Pichai, Jensen Huang, Satya Nadella, Arvind Krishna, Bill Gates, Charles Rivkin, Liz Shuler, Meredith Steihm, Randi Weingarten, Maya Wiley, CIO's Shuler, Musk, Shuler, Sen, Pichai, Mandel Ngan, Meta's Zuckerberg, Meta, Julia Nikhinson, Reuters Schumer, Kevin McCarthy, he'd, Young, Maria Cantwell, Altman, We're, Elon Organizations: Intelligence, Senate, U.S, Capitol, Reuters Tech, Microsoft Nvidia, IBM, Microsoft, Former, Tesla, Meta, Nvidia, Federation of Teachers, Civil, Human Rights, AFL, Artificial Intelligence, AFP, Getty, EU, Reuters, Chinese Communist Party, Commerce, Science, CNBC, YouTube Locations: Washington , U.S, U.S, Washington ,, Washington, deepfakes

☆ Washington crowned a bunch of rich dudes the most important people in AI
▼ + stars: | 2023-08-31 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Sen. Chuck Schumer is hosting sessions to help lawmakers understand and shape future rules on AI. AdvertisementAdvertisementMeredith Whittaker, president of messaging app Signal and former director of AI think tank the AI Now Institute, posted on X: "This is the room you pull together when your staffers want pictures with tech industry AI celebrities. It's not the room you'd assemble when you want to better understand what AI is, how (and for whom) it functions, and what to do about it." This is the room you pull together when your staffers want pictures with tech industry AI celebrities. It's not the room you'd assemble when you want to better understand what AI is, how (and for whom) it functions, and what to do about it.

Persons: Sen, Chuck Schumer, Axios, Mark Zuckerberg —, Sam Altman, Sundar Pichai, Satya Nadella, Elon Musk, Mark Zuckerberg, Per, Maria Curi, Rumman Chowdhury, Deborah Raji, Tristan Harris, b9mJhW39NW — Maria Cristina Curi, OpenAI, Alex Karp, Jack Clark, Clement Delangue, Meredith Whittaker, It's, UM1EhFNb1H — Meredith Whittaker, Face's Delangue Organizations: Morning, Google, Microsoft, Mozilla, Center of Humane, Meta, Nvidia Locations: Washington

[1/2] AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsAug 30 (Reuters) - U.S. Senate Majority Leader Chuck Schumer will host tech leaders and experts at an artificial-intelligence (AI) forum on Sept. 13, as several governments around the world are considering how to mitigate the dangers of the emerging technology. - Meta Platforms (META.O) CEO Mark Zuckerberg: Meta has invested in artificial intelligence for years. - Elon Musk: The CEO of Tesla (TSLA.O) launched his own AI startup named xAI earlier this year. - IBM (IBM.N) CEO Arvind Krishna: IBM launched a new artificial-intelligence and data platform in May to help companies integrate AI in their business.

Persons: Dado Ruvic, Chuck Schumer, Sam Altman, OpenAI, Mark Zuckerberg, Elon, Sundar Pichai, Satya Nadella, Jensen Huang, Arvind Krishna, Krishna, Bill Gates, Charles Rivkin, Eric Schmidt, Tristan Harris, Deborah Raji, Alex Karp, Kanishka Singh, Richard Cowan, Matthew Lewis Organizations: REUTERS, U.S, Meta, Tesla, Microsoft, Nvidia, IBM, Bloomberg, Motion, Center for Humane Technology, University of California, Palantir Technologies, Thomson Locations: China, Berkeley, Washington

☆ How the War in Ukraine Turned Tennis Into a Battlefield
▼ + stars: | 2023-08-29 | by ( Michael Steinberger | ) www.nytimes.com time to read: +4 min

She asked about the situation in Ukraine and how much money Svitolina had raised for relief efforts. The Russians had just ramped up their attacks on Odesa, and I asked Svitolina about her grandmother. “I was super happy that kids in Ukraine could watch and get inspired,” she said. The foundation was sponsoring several junior tennis tournaments in Ukraine later in the summer. “I cannot even imagine how hard it is for the kids,” Svitolina said.

Persons: Elina, ”, ” Kachanov, Svitolina, Venus Williams, Billie Jean King, ” King, King, Dasha Kasatkina, Alex Karp, Margaret Brennan, ” Svitolina, “, Anna Popovchenko Organizations: All England Club, Wimbledon, Court, Palantir Technologies, Atlantic Council, CBS Locations: Kharkiv, Britain, London, Ukraine, Washington, Ukrainian, Kyiv

☆ Palantir's A.I. ambitions divide analysts. A bull and bear make their cases
▼ + stars: | 2023-08-08 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

Alex Karp, chief executive officer of Palantir Technologies Inc., speaks during the 2023 CERAWeek by S&P Global conference in Houston, Texas, US, on Tuesday, March 7, 2023. Palantir Technologies raised its annual revenue target on Monday as it sees an opportunity to commercialize AI, but not all analysts are convinced. On Monday, CEO Alex Karp said Palantir's aim is to make money from AI, instead of merely producing tools that write computer-generated poetry. "We will figure out how to monetize it," Karp said, referring to Palantir's artificial intelligence platform, or AIP. Dan Ives, managing director at Wedbush Securities, is bullish on Palantir's AI ambitions.

Persons: Alex Karp, Karp, Dan Ives, That's, Ives, Palantir Organizations: Palantir Technologies Inc, P Global, Palantir Technologies, AIP, Wedbush Securities, U.S . Special Operations Command Locations: Houston , Texas, CNBC's

☆ Palantir reports 13% revenue growth, issues guidance that tops estimates
▼ + stars: | 2023-08-07 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Palantir reported a 13% increase in second-quarter revenue on Monday and issued a forecast for the current period that topped analysts' estimates. Here's how the company did:Earnings: 5 cents per share, adjusted, vs. 5 cents per share as expected by analysts, according to Refinitiv. 5 cents per share, adjusted, vs. 5 cents per share as expected by analysts, according to Refinitiv. Revenue: $533 million, vs. $533 million as expected by analysts, according to Refinitiv. The data analytics company said third-quarter revenue will likely be between $553 million and $557 million, ahead of the $552 million expected by analysts.

Persons: Alex Karp, Palantir, Refinitiv, Asset's Gene Munster Organizations: Palantir Technologies, Allen & Company Sun Valley, Analysts, U.S . Special Operations Command, Asset's Gene Locations: Sun Valley , Idaho, Refinitiv

☆ Palantir stock up 10% as company rides A.I. craze
▼ + stars: | 2023-07-31 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Palantir, a data analytics company best known for its work with the U.S. government's defense and intelligence agencies, offers a number of AI-powered services for organizations across public and private sectors. Shares of Palantir popped 10% Monday as the company continues to capitalize on investors' hopes for its artificial intelligence software ahead of its earnings report next week. In an interview with CNBC's "The Exchange" Friday, Dan Ives, managing director of equity research at Wedbush Securities, described Palantir as "the [Lionel] Messi of AI," referencing the pro soccer player. Ives said there is a "golden path" for the company to monetize, adding in a note that Palantir has built "an AI fortress that is unmatched." "This is an arms race of a different kind, and it has begun," Karp wrote.

Persons: Alex Karp, CNBC's, Dan Ives, Lionel, Messi, Ives, Palantir, Karp, William Blair, SPACs Organizations: Palantir Technologies Inc, P Global, U.S, Wedbush Securities, New York Times, Palantir Locations: Houston , Texas, A.I, U.S

☆ Billionaire CEO of military technology supplier Palantir advocates for AI weapons: 'We must not grow complacent'
▼ + stars: | 2023-07-31 | by ( Will Gendron | ) www.businessinsider.com time to read: +4 min

Alex Karp, the billionaire CEO of Palantir, took to The New York Times to advocate for the development of AI weapons. Palantir has interest in the matter, as it is a major supplier of technology to the military. In March, a number of tech and business executives — Elon Musk and Steve Wozniak, included — signed an open letter calling for a pause on advanced AI development as the launch of OpenAI's GPT-4 sent shockwaves through the industry. But Alex Karp, Palantir's billionaire CEO, says these fears are secondary to the benefits of AI, particularly when it comes to using the technology to protect the United States through military applications. He said the current debate was similar to the "Oppenheimer moment," likening the development of AI to that of nuclear devices.

Persons: Alex Karp, Palantir, — Elon Musk, Steve Wozniak, —, Karp, Biden, Yann LeCun, Bill Gates, Marc Andreessen, Gates, Andreessen, " Karp, Dan Ives Organizations: The New York Times, Morning, New York Times, Google, Times, Wedbush Securities Locations: United States, Amazon, China, States, Palantir's

☆ Palantir has built an 'AI fortress that is unmatched' and the stock is set to soar 54% as new industrial revolution begins, Wedbush says
▼ + stars: | 2023-07-28 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

Palantir stock is headed to $25 a share as the company builds an AI "fortress," Wedbush said. The company will be a major player in the AI boom in the next decade, the firm said. "As we begin the 4th Industrial Revolution, Palantir is engaging in the widespread trend of various industries leveraging recent generative AI innovations to streamline operations and improve expense profiles," the Wedbush analysts wrote. "This is early innings on a sum-of-the-parts AI story just on the cusp on monetizing this massive green field AI opportunity," it predicted. Palantir CEO Alex Karp has been a vocal proponent of the rapid development of AI even in the face of risks associated with the technology.

Persons: Wedbush, Wedbush's Dan Ives, Palantir, Messi, Ives, Lionel Messi, Alex Karp Organizations: Service, Wedbush Securities, New York Times Locations: Wall, Silicon, Tel, Argentine

☆ This software stock more than doubled on the back of A.I. mania. Here's why Wall Street expects the rally to fade
▼ + stars: | 2023-07-18 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Shares of Palantir have surged 181% this year as investors bet on its potential in the booming artificial intelligence race. The company, founded in 2003, is already making strides in AI, even lending its tools to hospitals . In its latest earnings release in early May, CEO Alex Karp called demand for Palantir's AI platform, which allows commercial and government sectors to use LLMs with their own private data, "without precedent." While some analysts see promise in Palantir's AI capabilities, many remain cautious on the immediate profit contribution of the technology and view the stock as ripe for a pullback. In a note to clients in May, Morgan Stanley's Keith Weiss noted that the rally in Palantir shares and premium valuation creates an unfavorable near-term risk-reward.

Persons: Palantir, Alex Karp, Malik Ahmed Khan, Davidson's Gil Luria, Raymond James, Brian Gesuale, Morgan Stanley's Keith Weiss, Karp, Morningstar's Khan, Mizuho's Matthew Broome, Davidson's Luria, — CNBC's Michael Bloom Organizations: Wall, Nvidia, billings Locations: Denver

☆ How Palantir is helping hospitals with tasks that used to require spreadsheets and whiteboards
▼ + stars: | 2023-06-17 | by ( Ashley Capoot | ) www.cnbc.com time to read: +11 min

In this article PLTR Follow your favorite stocks CREATE FREE ACCOUNTThe Cleveland Clinic in Cleveland, Ohio, U.S., on Saturday, Nov. 14, 2020. The Cleveland Clinic was in the midst of trying new AI-powered software from Palantir . But by accurately predicting patient discharges, Palantir's system saved Pappas, her team and the emergency department a lot of time and effort. Palantir partnered with two health-care systems, Cleveland Clinic and Tampa General Hospital in Florida, during the summer of 2021 to develop software called Palantir for Hospital Operations. Zoom In Icon Arrows pointing outwards Schedule review within Palantir for Hospital Operations Palantir

Persons: Dustin Franz, Rita Pappas, Pappas, —, Palantir, Shyam Sankar, Sankar, Alex Karp, Dr, Peggy Duggan, Drew Goldstein, Jeremy David, Palantir Drew Goldstein, Palantir's, I'm, David, Goldstein, whiteboards, Drew didn't, They've Organizations: Cleveland Clinic, Ohio Department of Health, Bloomberg, Getty Images Bloomberg, Getty, Cleveland, CNBC, Tampa General Hospital, Hospital Operations, U.S, Intelligence, Hospital Operations Palantir Nurses, American Medical Association . Companies, Tampa General, Cleveland Clinic's, Microsoft Locations: Cleveland , Ohio, U.S, Ohio, Tampa, Florida, Palantir, Florida and Ohio

☆ Tech leaders are calling for an A.I. pause because they have no product ready, Palantir CEO says
▼ + stars: | 2023-06-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Palantir's boss Alex Karp opposes the idea of a pause in artificial intelligence research, in contrast to an open letter from the Future of Life Institute signed by some of the biggest names in the tech industry. The letter, which has garnered over 31,000 signatures including names like Tesla CEO Elon Musk and Apple co-founder Steve Wozniak, called for a pause on AI research on models larger than GPT-4, which powers tools such as ChatGPT. The letter also said that if "such a pause cannot be enacted quickly, governments should step in and institute a moratorium." Speaking to BBC Radio in an interview broadcast Thursday, Karp said he is of the view that "many of the people asking for a pause, are asking for a pause because they have no product." To him, "studying this and allowing other people to win both on commercial areas and on the battlefield" is a really bad strategy.

Persons: Alex Karp, Elon Musk, Steve Wozniak, Karp Organizations: Life, Apple, BBC Radio

☆ Palantir dumps $50 million gold investment less than two years after buying precious metal
▼ + stars: | 2023-05-10 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

In August 2021, data analytics software vendor Palantir bought over $50 million worth of 100-ounce gold bars. Less than two years later, Palantir said goodbye to the precious metal. "During the three months ended March 31, 2023, the Company sold all of its gold bars for total proceeds of $51.1 million," Palantir said in its first-quarter financial filing Tuesday. At the time of Palantir's investment in gold, the market was in a much different spot. Palantir shares soared 23% on Tuesday after the company reported earnings and revenue that topped analysts' estimates.

☆ The $31 trillion debt-ceiling fiasco could punish markets and it's complicating an already complex economic outlook
▼ + stars: | 2023-05-10 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

In any case, one outcome that many hold with a high degree of certainty is that financial markets are going to feel pain if the "x-date" bell tolls. This $31 trillion debt ceiling argument "comes at the worst possible time," according to Chicago Fed President Austan Goolsbee. "Many past instances of debt limit standoffs have been resolved without significant market fallout," the strategists wrote in a recent note. That's according to LPL chief global strategist Quincy Krosby — she says it boils down to these three reasons. With recession risks climbing, Bank of America analysts slashed their 2023 outlook for oil prices.

☆ Stocks making the biggest moves midday: Palantir, Novavax, Under Armour and more
▼ + stars: | 2023-05-09 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Palantir – Palantir shares popped nearly 20% after the software company beat first-quarter estimates and said it anticipates full-year profitability. The firm also reaffirmed full-year revenue guidance and raised its full-year adjusted EBITDA expectations, while cutting 6% of its workforce. Under Armour — The apparel company slipped 5.3% after the company projected earnings per share and revenue to be short of Wall Street expectations for the full-year. Fisker — Shares shed 4.8% after the automotive company's first quarter earnings came in under Wall Street forecasts. Trex Company — Trex Company jumped 8.1% after the maker of wood-alternative decking and railing topped analysts' first-quarter expectations, and issued stronger-than-expected second-quarter revenue guidance.

☆ Stocks making the biggest moves premarket: Palantir, Skyworks, Under Armour & more
▼ + stars: | 2023-05-09 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

It also reaffirmed full-year revenue guidance, though it raised its full-year adjusted EBITDA forecast. Western Digital — The chip stock rose about 2% in premarket after the company reported a revenue beat in the latest quarter. Earnings guidance for the full year was more upbeat and the company posted better-than-expected earnings and revenue, according to Refinitiv. The company reported revenue of $149.4 million against Refinitiv analyst expectations of $209.9 million. The company reported adjusted earnings of $7.19 per share, just topping a StreetAccount forecast of $7.18 per share.

☆ Palantir soars 25% on earnings beat and prediction of full-year profitability
▼ + stars: | 2023-05-08 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Shares of Palantir rose as much as 28% in extended trading Monday after the company released first-quarter earnings that beat analysts' estimates and said it expects to be profitable through the end of the year. The software company, which is known for its work with the government, said its US commercial customer count increased 50% year over year, growing from 103 customers to 155. Last quarter, Palantir marked its first ever quarter of positive net income on a GAAP basis, at $31 million. Palantir said it expects to report between $528 million and $532 million in revenue during its second quarter, and between $2.19 billion and $2.24 billion for the full year. Karp added that artificial intelligence presents "real" risks, so he said Palantir's software is designed with human involvement and oversight in mind.

☆ Palantir CEO: Real value in A.I. will be intersection of business ethics and large language models
▼ + stars: | 2023-04-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalantir CEO: Real value in A.I. will be intersection of business ethics and large language modelsAlex Karp, Palantir CEO, joins 'Squawk Box' to discuss the chief executives thoughts on generative A.I., how geopolitics play into the rollout of A.I.

☆ Palantir to cut about 2% of employees, roughly 75 jobs
▼ + stars: | 2023-02-27 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Palantir confirmed on Monday that it's cutting about 2% of its workforce as layoffs continue to hammer the tech industry. The layoffs will impact roughly 75 people based on the company's latest SEC report in December, which showed it had 3,838 employees. A spokesperson told CNBC that the company plans to continue hiring in areas of strategic importance. Palantir is the latest tech company to announce layoffs as the industry reckons with a slowdown following over a decade of unbridled growth. In January, Google revealed plans to lay off more than 12,000 workers, Microsoft announced plans to cut 10,000 employees and Salesforce said it planned to cut 7,000 jobs.

☆ Ukraine war shows urgency of military AI, Palantir CEO says
▼ + stars: | 2023-02-15 | by ( Tosterling Stephanie Van Den Berg | Stephanie Van Den Berg | ) www.reuters.com time to read: +2 min

AMSTERDAM, Feb 15 (Reuters) - Ukraine's effective use of artificial intelligence (AI) to target Russian forces has pushed the technology onto the agenda of military and political leaders around the world, the CEO of U.S. software firm Palantir (PLTR.N) said on Wednesday. Speaking at the first international summit on responsible military use of AI, CEO Alex Karp said use of AI in war has moved from a "highly erudite ethics discussion" to a top concern since the start of the conflict in Ukraine. "This has now shifted to: your ability to identify the right technology and implement it will determine what happens on the battlefield," he said. "One of the major things we need to do in the West, is realise this lesson is completely understood by China and Russia." Karp has previously said that Planatir is "responsible for most of the targeting in Ukraine", with the company citing the examples of tanks and artillery.

☆ Palantir soars 16% after it reports first profitable quarter and talks up artificial intelligence potential
▼ + stars: | 2023-02-14 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Palantir surged 16% on Tuesday after it reported its first profitable quarter on record. The company reported earnings results that topped analyst estimates and talked up its potential in artificial intelligence. The company generated GAAP income of $31 million in its fourth-quarter, and it topped analyst estimates for both revenue and profit. Here were the key numbers:Revenue: $508.6 million, versus analyst estimates of $505.0 millionAdjusted earnings per share: $0.04, versus analyst estimates of $0.03. Palantir offered guidance that was below analyst estimates for its first-quarter and 2023 as a whole.

☆ Stocks making the biggest moves premarket: Palantir, Coca-Cola, Marriott and more
▼ + stars: | 2023-02-14 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Here are the stocks making notable moves before the opening bell on Tuesday, Feb. 14. Palantir — Shares of the software company surged 18% in extended trading after Palantir reported it made a profit in the fourth quarter, the first GAAP profit in the company's history. Marriott — The hotel stock rose nearly 2% in premarket trading after Marriott beat estimates on the top and bottom lines for the fourth quarter. Cadence Design Systems — The electronics design stock rose 5% premarket after Cadence beat estimates on the top and bottom lines for the fourth quarter, according to StreetAccount. Amkor Technology — The semiconductor stock fell about 3% premarket after Amkor's fourth quarter earnings per share came in at 67 cents, three cents below estimates, according to StreetAccount.

☆ Shares of Palantir pop 19% as it reports first profitable quarter
▼ + stars: | 2023-02-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Shares of Palantir popped more than 19% in extended trading Monday after the company released fourth-quarter earnings that beat analysts' estimates on top and bottom lines. Palantir's revenue for the quarter increased 18% year over year, and its U.S. commercial revenue grew 12%. The company also reported its first ever quarter of positive net income on a GAAP basis, at $31 million. Palantir said it expects to report between $503 million and $507 million in revenue during its first quarter, and between 2.18 billion and 2.23 billion for the full year. In 2018, Palantir generated a total of $38 million from its commercial U.S. business, but as of 2022, it generated $335 million, Karp said.

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