Palantir Technologies PLTR CEO and co-founder Alex Karp didn’t hold back when discussing how the company could help military governments in a recent interview ahead of a presentation on artificial intelligence.
What Happened: Palantir may be one of the most hard-to-explain companies. Yet, it is now part of the S&P 500 Index.
Karp highlighted the company’s government segment and what the 2024 election means for Palantir.
Check It Out:
- A billion-dollar investment strategy with minimums as low as $10 — you can become part of the next big real estate boom today.
This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing. - Get ‘em while you can — investing in this asset class may be reaching a high-water mark but you can still make returns right now.
Companies need processes to help translate what data and language models mean. That's where Palantir comes in, Karp said on CNBC.
“We figured this out by doing work for the U.S. government,” he added. “If you want to kill your adversary on the battlefield, “you need a way of processing the raw resources.”
When it comes to government contracts, Karp didn’t seem to worry about the 2024 election winner being either Ex-President Donald Trump or Vice President Kamala Harris.
“We embody people who support both Trump and Harris," he said, claiming to be an "unhappy radical Democrat."
Karp also offered his take on what U.S. policy should be when it comes to retaliation for attacks on American troops.
“If you touch an American, we will inflict pain on you for generations," he said.
Trending: This billion-dollar fund has invested in the next big real estate boom, here's how you can join for $10.
This is a paid advertisement. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Flagship Fund before investing. This and other information can be found in the Fund's prospectus. Read them carefully before investing.
What’s Next: Karp said the S&P 500 inclusion comes after years of complaints against the company. However, he stopped short of celebrating the moment.
“Our job is to show and not tell,” Karp said.
Palantir could be worth 10 times more in the future than what it is today, he added.
Keep Reading:
- Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York. Investing in its booming real estate market has never been more accessible.
- “Rocket City” is about to blast off — you can invest in this real estate market for just $100.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.