Palantir CEO Alex Karp said the rise of competing AI models such as China’s DeepSeek signals the need for the U.S. to speed development.
Palantir CEO Alex Karp said the rise of competing AI models such as China's DeepSeek signals the need for the U.S. to speed development.
Palantir shares have been on a tear, soaring more than 425% in the past year and outperforming all other members of the S&P 500 in 2024.CEO Alex Karp said the rise of competing artificial intelligence models such as China's DeepSeek is a sign that the U.S. needs to work quicker to develop advanced AI.in an interview airing Friday."We have to acknowledge that, but that also just means we have to run harder, run faster, have an all-country effort.
Palantir has been one of the stories of Wall Street of late, with shares up more than 425% over the past year and outperformingof the S&P 500 in 2024. The stock is up 12% since the start of January and gained more than 4% to a record on Friday. The company is now valued at close to $200 billion. Karp, a vocal supporter of Israel since the Oct. 7 attack, also backed up his stance and commented on controversy surrounding
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