Palantir Technologies Inc. Chief Executive Officer Alex Karp said new AI developments at his visitor are so powerful that “I’m not sure we should plane sell this to some of our clients.”
Palantir’s stock has been on a run for weeks without the company described demand for its artificial intelligence products as unprecedented — despite its having no pricing strategy and offering few specifics.
Palantir plans to provide more details on Thursday at an event in Palo Alto, California, featuring customers that are using its technology withal with its own executives. During an interview with Bloomberg TV prior to the event, Karp said the 19-year-old company still has not ripened a pricing plan.
“I know we have the weightier product in the market and I know customers will pay us fairly,” the CEO said. When it comes to AI tools, he said, “This is an infinite market.”
Palantir’s strained intelligence platform, which it calls AIP, is a new product, but the company’s software for aggregating and analyzing data has included aspects of AI for years. Commercial customers including Airbus SE use predictive analytics to visualize early maintenance problems, while defense forces in the US and Ukraine use Palantir’s AI to interpret satellite images. In military contexts, AI could be useful for distinguishing images of, say, a hospital from a military compound. Information is fed into Palantir’s larger software program to provide situational sensation to military commanders making battleground decisions.
Some industry critics have voiced snooping well-nigh the use of AI in military contexts. Karp stressed that the US should be the one to pioneer those systems, rather than its global rivals.
“Are these things dangerous?” he said. “Yes, but either we will wield them or our adversaries will.” Palantir has been providing its software to Ukraine, which is still locked in a war with Russia. Asked whether its AI systems work, Karp responded: “Ask the Russians.”
Karp did not quantify the increase in demand, but said that the number of inbound calls from customers that the visitor normally gets over the undertow of the year, it got “in, like, a month.”
Some in tech, including people like Elon Musk who have participated in the minutiae of AI, have tabbed for a slowdown of its minutiae while guardrails can be put in place to ensure that the technology is safe. Karp dismissed the idea of a pause on development. “We have lots of people who don’t want to roll this out considering they have nothing to roll out,” he said.
Thursday’s all-day event is slated to feature executives from current Palantir AI customers, including Molson Coors Beverage Co., Cardinal Health Inc. and Lockheed Martin Corp., all of which are using some type of Palantir AI-powered product.
To contact the authors of this story:
Edward Ludlow in San Francisco at eludlow2@bloomberg.net
Lizette Chapman in San Francisco at lchapman19@bloomberg.net
To contact the editor responsible for this story:
Anne VanderMey at avandermey@bloomberg.net
Jillian Ward
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Tags #AI #AIP #Karp
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