Overview
- At Yahoo Finance's Invest event, Karp said large parts of the AI market may not create enough value to cover the cost of large language models and their implementation.
- He described two AI markets: broad basic enhancements versus a smaller subset that delivers quantifiable shifts in battlefield outcomes, margins, or revenue, and he called consumer-facing AI very weak and dissipating.
- Palantir develops AI software for governments and enterprises, including its Gotham platform used by the U.S. and allies to plan and oversee military operations.
- Palantir shares are up 141% so far in 2025 but recently pulled back after earnings as investors questioned valuation.
- In a separate CNBC interview, Karp criticized short-sellers including Michael Burry, drawing an opinion piece that labeled his remarks emotional and light on facts.