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Alex Karp touted Palantir's blockbuster earnings in a triumphant investor call. He said AI models are commodities — it's what you do on top of them that counts. Other Palantir execs have helped shift the focus away from Karp. AI models are commodities — it's what you do on top that counts. Palantir execs were surprised by the company's quarterly earnings.
Persons: Alex Karp, , Karp, Palantir's, Shyam Sankar, Akash Jain —, Palantir, They're, Sankar, Jain, Ryan Taylor, Taylor, Palantir execs, he'd, Maven Organizations: Service, US Army Locations: US, Ukraine
The CEO and cofounder of Palantir isn't a fan of campus protests against Israel. He called the protests "pagan" and joked that some protesters should travel to North Korea. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: Palantir, , Alex Karp, Politico, Mike Johnson Organizations: Israel, Service, YouTube, Business Locations: North Korea, Washington, DC
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Goldman Sachs, Barclays, and Ken Griffin's hedge fund Citadel are among the names who've bet against Karp's company, per MarketBeat. Karp also acknowledged in his CNBC interview that some Palantir staff had left due to its vocal support for Israel. Disclosure: Palantir Technologies CEO Alexander Karp is a member of Axel Springer's shareholder committee.
Persons: , Palantir, CNBC's, Alex Karp, who'd, Karp, Goldman Sachs, Ken Griffin's, We've, it's, Peter Thiel —, Alexander Karp, Axel Springer's, Axel Springer Organizations: Service, Business, US Army, Refinitiv, Barclays, Citadel, CNBC, Israel, Hamas, Palantir, Insider Inc Locations: Tel Aviv, Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPalantir CEO: Outspoken pro-Israel views led employees to leave the companyAlex Karp, Palantir co-founder and CEO, joins 'Money Movers' to discuss the differences in the battle between Israel and Ukraine, why Karp's been so outspoken in his support for Israel, and much more.
Persons: Alex Karp, Palantir, Karp's Organizations: Israel Locations: Israel, Ukraine
Loop Capital initiated Dell Technologies with a buy rating and a price target that implies more than 35% upside. Analyst Stephen Grambling hiked his price target by $9 to $49, while keeping his rating at overweight. Salesforce has popped nearly 14% in 2024, extending gains after the stock price came close to doubling in 2023 alone. Roseka's price target of $27.10 shows the potential for just 3.6% in upside compared with Tuesday's ending price. Analyst Ananda Baruah initiated coverage of the technology stock with a buy rating and a $125 price target.
Persons: Stifel, Smucker, Raymond James, Rick Patel, Patel, — Alex Harring, Kenneth Worthington, Worthington, Alex Harring, Morgan Stanley, Stephen Grambling, DKNG's, Grambling, DraftKings, Jackpocket, Morgan, Wednesday's premarket, Goldman, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Daniel Roeska, Stellantis, Roseka, KeyBanc, Sophie Karp, CEG, Karp, Matthew Smith, Smith, Fred Imbert, Dell, Ananda Baruah, DELL, Baruah Organizations: CNBC, Dell Technologies, FactSet, Apollo Global Management, JPMorgan, APO, Grambling, Constellation Energy, Constellation, Dell, Capital, DELL Locations: Tuesday's, Wednesday's premarket, Grambling, Wednesday's, Salesforce, Netherlands, U.S, Europe
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
Karp and Montée Karp built the hype into a parenting-media empire that put out three books and two instructional films in 10 years. Karp and Montée Karp met at a Hollywood party in the early '90s. Karp and Montée Karp promised her independence and flexibility to accommodate her two young children's day-care schedules and a 90-minute commute. Karp and Montée Karp insisted on being involved in minutiae that most top executives hand off. Karp and Montée Karp turned the Snoo into an award-winning holy grail of parenthood in just a few years.
Karp and Montée Karp built the hype into a parenting-media empire that put out three books and two instructional films in 10 years. Karp and Montée Karp met at a Hollywood party in the early '90s. Karp and Montée Karp promised her independence and flexibility to accommodate her two young children's day-care schedules and a 90-minute commute. Karp and Montée Karp insisted on being involved in minutiae that most top executives hand off. Karp and Montée Karp turned the Snoo into an award-winning holy grail of parenthood in just a few years.
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.
We're highlighting profiles we've done of some of the most powerful people on Wall Street. They are, as you will see, largely white males — a telling reminder of who still wields the power throughout most of Wall Street. Gregg Lemkau was considered a future CEO candidate at Goldman Sachs before he shocked Wall Street by leaving for Michael Dell's investment firm in 2020. Soft-spoken types can sometimes get bulldozed on Wall Street, where so-called alphas often reign supreme. Inside his strategy for turning Goldman into the Amazon of Wall Street.
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