Palantir CEO's Views: Is AI Madness or a Bubble?

Palantir (PLTR) co-founder and CEO Alex Karp highlighted important points in the discussion about the artificial intelligence (AI) boom and bubble. He began by addressing a critical question for investors regarding the long-term effects of AI and defending the value of Palantir shares.

Significant developments have occurred in the field of artificial intelligence this year. In this transformation that is reshaping markets and triggering a global technological dominance race, Palantir stands out with its software that supports decision-making processes from Wall Street to the U.S. government. Karp stated, “There are two fundamental questions about the size of the market and the existence of a market that offers only effective solutions.”

Karp emphasized that some AI applications only fulfill basic functions, but this does not provide significant revenue or profit growth. The AI that Palantir focuses on is capable of changing both the battlefield and profit margins while producing solutions that can be rapidly implemented. Karp shared his vision for the future by saying, “This part of the market will grow and will impact all other areas.”

Questioning Palantir's role in the future, Karp pointed out that the U.S. needs to develop based on economic and military strengths. He expressed that when AI is effectively used on the factory floor, in the battlefield, and in corporate environments, it can empower the workforce and create new opportunities.

Additionally, responding to analysts' evaluations that Palantir shares are priced "too high," Karp questioned the accuracy of past predictions. “There have been situations where analysts have regretted their past judgments, so their evaluations should be taken with caution,” he said. Karp added, “The average Americans who bought Palantir shares have come out ahead. This shows that some analysts' views may be misleading.”

Karp announced that a biography containing his life story will be released soon. He stated that he aims to provide readers with a deeper insight through the book. In conclusion, Karp presented a bold vision regarding the future of Palantir and the effects of AI on society.