- Palantir Technologies Inc (NYSE:PLTR) stock grabbed investor attention as CEO Alex Karp, undeterred by the Bear Cave criticism, focused on the AI technology’s potential during Palantir’s AIPCon customer conference on Thursday.
- Karp, in an interview before the conference, expressed confidence in Palantir’s superior product, highlighting customers’ willingness to pay a fair price.
- In response to the risks of AI in military hands, Karp proposed the U.S. take the lead in developing these systems rather than surrendering ground to rivals.
- Karp indicated that the number of customer inquiries received in a month surpassed the usual yearly volume.
- Palantir CEO Alex Karp told Bear Cave critics “to ask the Russians” about the success of its software tapped by Ukraine in its war, Bloomberg reports.
- On Thursday, Bear Cave slammed the software and cloud solutions provider co-founded by Peter Thiel and backed by the CIA. The report called out Palantir, an AI imposter engaging in spurious games to inflate its books and confuse its less desirable role as an overhyped data consultant.
- Price Action: PLTR shares traded higher by 0.10% at $14.54 on the last check Friday.
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