Palantir CEO: "Something Wrong" at OpenAI & Anthropic

Palantir CEO Alex Karp recently stated that "something has gone completely wrong" with OpenAI and Anthropic. He criticized their token model, saying businesses are tired of paying for tokens. Karp's comments came during a CNBC appearance. On that day, shares of Palantir rose 8%. Palantir also posted 85% revenue growth and raised its full-year guidance to 71%. The company expanded its partnership with Nvidia for custom government AI models. Karp argues customers are moving away from high token costs towards open-weight models that offer similar results at a lower price. He believes customers want control over their compute, models, and data. This shift could impact the future of AI development and adoption for businesses.