Palantir's billionaire founder says companies are using AI all day like a porn addiction
Palantir CEO Alex Karp likened the corporate obsession with maximizing AI token consumption to a porn addiction, warning it produces no real business value.
Palantir Technologies
Palantir CEO Alex Karp builds $75m Miami Beach compound
Palantir CEO Alex Karp has spent nearly $75 million assembling a waterfront compound in Miami Beach, buying a $28.5 million teardown next to the $46 million mansion he already owns on the Venetian Islands.
Alex Karp’s Palantir lands multimillion-dollar AI deal with South Korea’s HD Hyundai
Alex Karp’s Palantir signs a multimillion-dollar AI agreement with HD Hyundai, extending a partnership that has helped speed shipbuilding by 30 percent.
Palantir CEO Alex Karp buys Colorado monastery for $120 million
Palantir CEO Alex Karp pays $120 million for Colorado monastery, setting a record for Pitkin County residential sales.
Alex Karp’s Palantir renews multi-year deal with French intelligence
Palantir renews a three-year intelligence contract with France’s DGSI, extending its role in national security data analysis.
Palantir CEO Alex Karp unloads $110 million in stock within 100 days
Alex Karp has sold more than $110 million in Palantir shares within 100 days amid stock volatility and tax obligations.
Palantir CEO Alex Karp’s net worth drops $1.9 billion after peaking at $16.4 billion
Alex Karp’s net worth falls to $14.5 billion after a $1.9 billion drop, even as Palantir reports record revenue and contracts.
Alex Karp, richest Black person in U.S., is now worth $16 billion after $8.9 billion gain in 2025
Alex Karp’s fortune jumps to $16 billion, rising $8.9 billion on Palantir’s AI-powered software demand.
U.S. richest Black billionaire, Karp, leads Palantir to $1.8 billion in half-year revenue
Alex Karp leads Palantir to $1.88 billion in revenue and $546.3 million net income as AI software demand fuels record contracts.
Palantir, led by Black billionaire Alex Karp, lands $10 billion U.S. Army contract
Palantir lands $10 billion U.S. Army contract as CEO Alex Karp drives AI-powered defense modernization.
America’s richest Black person, Alex Karp gains $2.1 billion, net worth hits $14.2 billion
Palantir CEO Alex Karp adds $2.1 billion, boosting his net worth to $14.2 billion and securing his spot as America’s richest Black billionaire.
America’s richest Black billionaire backs effort to modernize U.S. government AI systems
Palantir teams with Accenture Federal to deliver AI solutions to U.S. agencies, fueling a 70% stock surge and cementing its role in mission-critical transformation.
Black billionaire Alex Karp sells more than $50 million in Palantir stock
The sale was part of automatic transactions to cover tax obligations related to vested restricted stock units.
Palantir CEO, Alex Karp, becomes America’s richest Black person
Karp, who made the billionaire list in 2016 with a net worth of $1.6 billion, now holds an estimated fortune of $11.5 billion.
Alex Karp’s Palantir posts $884 million Q1 revenue
Palantir’s Q1 revenue surged 39% to $884 million, powered by AI-driven demand in U.S. commercial and government sectors, marking its most profitable quarter yet.
Palantir CEO Alex Karp gains $1.5 billion in two weeks as net worth rises
Palantir’s stock rebound boosts Alex Karp’s fortune to $9.2 billion, reinforcing his position as the third-richest Black person in the U.S.