During a recent Palantir customer conference, CEO Alex Karp revealed to Bloomberg that while he is willing to offer the company’s AI products to the US government and its allies to aid in intelligence and defense objectives, he is hesitant to provide the technology to local law enforcement agencies for surveillance purposes, as he is unsure of the appropriate course of action.
Despite a lack of pricing strategy and limited information, Palantir’s stock has been experiencing a surge for several weeks, as the company reported unprecedented demand for its AI products, and further details were provided at a recent conference in Palo Alto, California, where customers and executives discussed the technology; however, CEO Alex Karp revealed in a Bloomberg TV interview that the company has yet to establish a pricing plan despite being in operation for nearly two decades.
The CEO of Palantir, Alex Karp, expressed confidence in the company’s AI products, stating that he believes customers will pay a fair price for their services, and that the AI market is infinite; while the company’s new AI platform, AIP, has recently been launched, Palantir’s data analysis software has incorporated AI features for several years, with customers such as Airbus SE utilizing predictive analytics to predict maintenance issues, and military forces in various countries using Palantir’s AI to interpret satellite images to aid in battlefield decision-making by military commanders.
