As AI-connected company valuations continue to inflate, Palantir Technologies, Inc. (NASDAQ:PLTR) CEO Alex Karp positioned his company as the sober adult in the room.
During Palantir’s earnings call on Monday, Karp took direct aim at the industry trend of circular AI investments—a practice where tech giants invest in startups so those startups can spend that capital back on the investor’s own cloud services or hardware.
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Critique of Round-Tripping
Karp’s rhetoric centered on the integrity of revenue.
While some competitors use complex financial maneuvers to bolster their growth metrics, the CEO insisted that Palantir’s …