Palantir Q2 Revenue Soars; Karp Slams Anthropic & OpenAI

Palantir shares surged nearly 15% after the company reported strong second-quarter earnings, exceeding Wall Street expectations. Revenue came in at $1.94 billion. U.S. commercial sales increased by 149%, and U.S. government sales rose by 90% compared to the prior year. Management also raised the full-year 2026 revenue forecast to a range of $8.15 billion to $8.16 billion. This is a sharp increase from the previous estimate of about $7.66 billion. Here's the thing: CEO Alex Karp used this moment to criticize rival AI firms like Anthropic and OpenAI. He argues these companies hoard customer data to lock clients into their ecosystems. Karp specifically mentioned Anthropic co-founder Dario Amodei. He stated that these firms want a future where businesses are not profitable and people lose jobs. What's interesting is Palantir advocates for "AI sovereignty." This means customers keep full control over their data, using foundation models as interchangeable components. The company has even integrated Anthropic's Claude models into its Maven Smart System for secure use by U.S. agencies. The bottom line: Palantir's strong performance and its CEO's outspoken views are shaping the conversation around control and competition in the AI industry.