Alex Karp’s crusade against frontier AI labs continues. During Palantir’s second-quarter earnings call on Monday, the CEO and cofounder reiterated his view that leading AI labs could absorb enterprises’ data, intellectual property, and expertise into their models and ultimately use that to compete with their customers. “They deserve to colonize your enterprise,” Karp said, characterizing
Palantir blew past Wall Street’s financial targets in its second quarter and forecast strong growth in the coming months, sending its stock surging 13% in after-hours trading on Monday. Revenue in the three months ended June 30 increased 93% year over year, totaling $1.94 billion, compared with the $1.801 billion that analysts were expecting. The
The Hugging Face CEO is making a case for open-weight AI models — with a warning for the US. Clément Delangue said on CNBC’s “Squawk on the Street” show on Monday that China is winning the AI race because the country is “more open science and open models than the US.” “I think they are,”
One in three Singaporean business owners still use their personal bank accounts for their company banking needs, trying to escape high transaction fees, according to a survey from MariBank, a digital bank owned by Southeast Asian tech firm Sea. That creates tax and legal headaches, as business owners find it difficult to deduce their legitimate
The Dow closed at a record on Monday, with stocks rallying and crude prices tumbling to start the month. Major indexes were sharply higher after the Donald Trump said he called off an attack on Iran and that peace talks were set to resume. The rally picked up steam as oil prices tumbled, with the
When Fidji Simo announced she was leavin g her role as one of the most senior members of OpenAI’s leadership team after a seven year battle with her chronic illness, Postural Orthostatic Tachycardia Syndrome, or POTS, the news felt unexpectedly personal. My little cousin has POTS, and it’s been devastating to witness. Simo’s post said
