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Search resuls for: "Alex Karp"


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☆ 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.
☆ The billionaire CEO of tech giant Palantir skis for at least 5 hours a week, and has the same body fat percentage as prime Michael Phelps, report says
  + stars: | 2023-02-02 | by ( Grace Dean | ) www.businessinsider.com   time to read: +2 min
Palantir CEO Alex Karp is a fitness fanatic who skis for up to five hours a day. Axios reported he has just 7% body fat – similar to Michael Phelps' at the 2008 Olympics. Karp has been pictured at events in ski gear and sometimes exercises during interviews. Olympic swimmer Michael Phelps had a body fat of 8% around the time of the 2008 Beijing Olympics, when he took home eight gold medals. He's has been pictured at events in ski gear and sometimes exercises during interviews, like the one with Axios.
☆ Ukraine is using Palantir's software for 'targeting,' CEO says
  + stars: | 2023-02-02 | by ( Jeffrey Dastin | ) www.reuters.com   time to read: +2 min
Its software helps Ukraine target, for instance, tanks and artillery, a Palantir spokesperson said. The company, whose co-founders include Karp and investor Peter Thiel, has opened an office in Ukraine. "There are huge ethical issues on the battlefield," he said at an event Palantir hosted in Palo Alto. Japan is a "very high priority" market for Palantir including in defense, another Palantir official, Kevin Kawasaki, said in an interview. Reporting by Jeffrey Dastin in Palo Alto, Calif.; Editing by Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.
☆ Davos 2023: Key takeaways from the World Economic Forum
  + stars: | 2023-01-20 | by ( ) www.reuters.com   time to read: +6 min
[1/4] NATO Secretary General Jens Stoltenberg, Poland's President Andrzej Duda and Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland take part in the World Economic Forum session on "Restoring Security and Peace. REUTERS/Arnd WiegmannDAVOS, Switzerland, Jan 20 (Reuters) - Global leaders and business executives departed a freezing World Economic Forum (WEF) meeting on Friday after a frank exchange of views over how the world will tackle its biggest issues in 2023. Here's what we learned:ECONOMY: Gloom and doom heading into Davos turned into cautious optimism by the end with the global economic outlook for the year ahead looking better than feared. On the inside, political leaders like Kier Starmer railed against new oil investments and Pakistani climate minister Sherry Rehman pushed for loss and damage funding. The lesson I have learned in the last years ... is money, money, money, money, money, money, money."
☆ Palantir CEO tells tech workers who don't like the company's military deals, ‘Don’t work here’
  + stars: | 2023-01-18 | by ( Ryan Browne | ) www.cnbc.com   time to read: +2 min
Alex Karp, CEO of Palantir, on day two of the World Economic Forum in Davos, Switzerland. Palantir co-founder and CEO Alex Karp knows many tech workers in Silicon Valley have misgivings about his data mining firm's dealings with intelligence agencies and the military. Tech workers have been more vocal in recent years in opposing their employers' contracts with the military. Two-thirds of people in Silicon Valley don't want to work for companies like Palantir, Karp said in Davos. "We don't like people who are coming in and saying, we want to kill terrorists and just without data protection," Karp said.
☆ Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum
  + stars: | 2023-01-17 | by ( Jeffrey Dastin | ) www.reuters.com   time to read: +3 min
DAVOS, Switzerland, Jan 17 (Reuters) - Business titans trudging through Alpine snow can't stop talking about a chatbot from San Francisco. Businesses including CarMax Inc (KMX.N) have already used Microsoft and OpenAI's tech, such as to generate thousands of customer review summaries when marketing used vehicles. Such buzz carried through gatherings at Davos, like talk about a slide-generating bot dubbed ChatBCG after the management consulting firm. loadingGenerative AI is "a game-changer that society and industry need to be ready for," stated an article on the World Economic Forum's website. Reporting By Jeffrey Dastin in Davos, Switzerland; Editing by Kenneth Li and Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.
☆ Palantir CEO Alex Karp discusses economic and geopolitical outlook from Davos
  + stars: | 2023-01-17 | 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 Alex Karp discusses economic and geopolitical outlook from DavosPalantir CEO Alex Karp speaks with Andrew Ross Sorkin at Davos in a wide-ranging interview. They discuss the Russia's invasion in Ukraine, the economic environment, and tech wreck across Silicon Valley.
☆ Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdown
  + stars: | 2023-01-16 | by ( Jeffrey Dastin | ) www.reuters.com   time to read: +2 min
DAVOS, Switzerland, Jan 16 (Reuters) - Palantir Technologies Inc (PLTR.N) is still looking to grow its headcount even as it scrutinizes its spending and confronts economic uncertainty, its chief executive told Reuters. Economists surveyed by the World Economic Forum largely expect a recession this year. Asked about potential cuts, Karp said Palantir was doing well in the United States, United Kingdom and Canada while evaluating spend in slower markets. The top cloud providers are Amazon (AMZN.O), Microsoft (MSFT.O) and Google (GOOGL.O), though Karp said his company is "cloud agnostic." Reporting By Jeffrey Dastin in Davos, Switzerland; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
☆ Palantir lands 75 million pound deal with British military
  + stars: | 2022-12-21 | by ( Jeffrey Dastin | ) www.reuters.com   time to read: +2 min
Dec 21 (Reuters) - Palantir Technologies Inc (PLTR.N) has signed a three-year, 75 million pound ($91.39 million) deal with the United Kingdom's Ministry of Defense, the U.S. software company said Wednesday, expanding its overseas military work months into the Ukraine war, Europe's biggest conflict since World War II. Palantir will aid military operations and intelligence, further widening access to its software across the defense ministry after a narrower pilot with the Royal Navy that started years ago. Abundant satellite imagery lets military analysts in little time detect changes on the battlefield, with artificial intelligence software identifying tanks, artillery or other targets. Despite the war, Palantir shares have tumbled like other tech stocks this year, falling by about half since March. ($1 = 0.8207 pounds)Reporting by Jeffrey Dastin; Additional reporting by Paresh Dave; Editing by Josie KaoOur Standards: The Thomson Reuters Trust Principles.
☆ Watch CNBC's interview with Palantir CEO Alex Karp
  + stars: | 2022-12-06 | 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 EmailWatch CNBC's interview with Palantir CEO Alex KarpCNBC's Morgan Brennan speaks exclusively with Palantir CEO Alex Karp from the 2022 Reagan National Defense Forum.
☆ Palantir stock falls after slight earnings miss
  + stars: | 2022-11-07 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +2 min
Shares of Palantir fell more than 10% Monday after the company released third-quarter earnings that missed analyst estimates for earnings but beat on revenue. Here's how the company did:EPS: $0.01, adjusted, vs. $0.02 expected by analysts, according to Refinitiv. $0.01, adjusted, vs. $0.02 expected by analysts, according to Refinitiv. Revenue: $478 million vs. $470 million expected by analysts, according to Refinitiv. In a letter to shareholders, Palantir CEO Alex Karp said the company is in the "early stages of a significant transformation."
☆ Watch CNBC's full interview with Palantir CEO Alex Karp and Hertz CEO Stephen Scherr on partnership
  + stars: | 2022-10-19 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Palantir CEO Alex Karp and Hertz CEO Stephen Scherr on partnershipPalantir CEO Alex Karp and Hertz CEO Stephen Scherr join 'Closing Bell' to announce their new partnership and discuss addressing transport asset allocation problems with Palantir's foundry software.
☆ Hardware with software join forces with new Hertz-Palantir partnership
  + stars: | 2022-10-19 | 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 EmailHardware with software join forces with new Hertz-Palantir partnershipPalantir CEO Alex Karp and Hertz CEO Stephen Scherr join 'Closing Bell' to announce their new partnership and comment on the evolution of travel trends with customers fusing business with leisure.
☆ Palantir salaries revealed: Some engineers at the controversial analytics software company earn nearly $300,000. Here's what managers, analysts and other employees make.
  + stars: | 2022-10-18 | by ( Caroline Haskins | ) www.businessinsider.com   time to read: +4 min
Palantir is known for its controversial contracts providing analytics software to the US government and private companies. The company doesn't disclose salary data, but US companies must share offers made on H-1B visa applications. However, US companies have to disclose offers on work-visa applications. Notably, these figures only represent base salaries, but Palantir also offers some employees additional stock grants. The logo of the data analysis company Palantir can be seen at the company's headquarters in 2018.
☆ How Palantir's tech-based patriotism and politics grew into a multi-billion dollar company
  + stars: | 2022-10-13 | by ( Cameron Costa | ) www.cnbc.com   time to read: +4 min
The data mining and software company got its start with government contracts, and 19 years since its inception, Palantir's government work is still central to its business. At its start, Palantir's business came directly from the FBI, the NSA, and even the CIA, whose venture arm In-Q-Tel was one of the company's earliest backers. For Karp, data and defense are intertwined, and his company's contracts with government agencies reflect a commitment to leveraging technology to bolster the West. Karp founded the company with well-known conservative tech investor Peter Thiel, and the two have publicly sparred over politics and technology. However, even as a $16.7 billion market cap publicly traded company, Palantir's work remains opaque.
☆ Watch CNBC's full interview with Palantir CEO Alex Karp
  + stars: | 2022-09-22 | 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 EmailWatch CNBC's full interview with Palantir CEO Alex KarpAlex Karp, CEO and co-founder of Palantir, joins CNBC's 'Squawk Box' to weigh in on the state of the Russia-Ukraine war as President Vladimir Putin ramps up Russia's pressure against Ukraine and the West. Karp also lays out his expectations for a global recession, a potential Chinese invasion of Taiwan, and more. "Bad times really uncover the durable companies," Karp tells CNBC.
☆ Palantir CEO Alex Karp says this deadly tidal wave of macroeconomic risks will wipe out some companies
  + stars: | 2022-09-22 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Alex Karp, CEO of Palantir arrives ahead of a "Tech For Good" meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Palantir co-founder and CEO Alex Karp believes this period of "deadly" macroeconomic uncertainties will crush many companies with shaky fundamentals. "Bad times are incredibly good for Palantir ... bad times really uncover the durable companies, and tech is going through bad times.... I\interest rates are the reason," said Karp said Thursday on CNBC's "Squawk Box." "Will this deadly tidal wave wipe out some companies? Karp said that only those quality companies producing durable goods would survive the hard times.
☆ Palantir CEO on Russia-Ukraine war: Software and heroism can slay the giant
  + stars: | 2022-09-22 | 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 on Russia-Ukraine war: Software and heroism can slay the giantAlex Karp, CEO and co-founder of Palantir, joins CNBC's 'Squawk Box' to weigh in on the state of the Russia-Ukraine war as President Vladimir Putin ramps up Russia's pressure against Ukraine and the West.
☆ Palantir accused of securities fraud in class-action suit after the company did not profit from 'armed conflicts' and 'economic crises' as claimed
  + stars: | 2022-09-22 | by ( Caroline Haskins | ) www.businessinsider.com   time to read: +4 min
A lawsuit alleges that Palantir made "materially false and misleading statements" about the company ahead of its earnings reports released May 9. The complaint says that the COVID-19 pandemic and Russo-Ukrainian War are the "destabilizing conditions" that Palantir had said would be "tailwinds for its business." A Palantir investor hit the company with a suit seeking class-action status on September 15, alleging that the software company committed securities fraud by making "materially false and misleading statements" by claiming "armed conflicts" and "economic crises" would help its business and earnings. "As a result, the Company's public statements were materially false and misleading at all relevant times," the complaint says. The law offices of Howard G. Smith also announced it was launching an "investigation" into possible violations of US securities law.
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