Palantir CEO Alex Karp celebrates 93% revenue growth as stock soars after blockbuster earnings: ‘For the first time people believe us’

Palantir’s AI software business delivered a blockbuster quarter, with revenue soaring 93% and shares jumping 14% after hours.

Palantir CEO Alex Karp linked his company's Q2 growth to enterprises seeking "AI sovereignty." John Lamparski/Getty Images Palantir reported a blockbuster Q2, with a 93% year-over-year revenue increase. CEO Alex Karp linked the latest growth to enterprises' demand for "AI sovereignty." The CEO repeated his view that e

After a quarter that delivered $1 billion in profit, Palantir CEO Alex Karp on Monday once again warned that AI frontier labs as too untrustworthy for enterprises.