Palantir CEO Alex Karp Eyes Explosive Growth: 'Our Biggest Focus Right Now Is Just Rolling Out The Things We've Built'

Comments
Loading...
Zinger Key Points
  • Alex Karp highlighted the company's focus on scaling its large language models and its entry into the U.S. commercial market.
  • Karp said that Palantir remains committed to value over sales, indicating a long-term vision for growth and client satisfaction.
  • Discover Fast-Growing Stocks Every Month

Palantir Inc's PLTR CEO, Alex Karp, provided a wealth of insights into the company's strategies during his address at the FEINDEF 2023 conference in Madrid on May 17. Karp stressed that Palantir is primarily focusing on the scaling of its technology and its foray into U.S. commercial markets.

“Our biggest focus right now is just rolling out the things we've built to wield large language models,” said Karp, emphasizing the company's efforts in utilizing and improving its proprietary technology to further understand the needs of enterprises. He described the goal of getting these models "into a form where we can scale it."

Also Read: Palantir Treks North Following Break Of Bull Flag: Where To Watch For The Pullback

According to Karp, one of Palantir's central objectives is to ensure the security and functionality of these large language models. He stated, “We're building these things, whether it's the dynamic knowledge model so that the large language model can actually understand your enterprise, the security around it, the handoff function."

Karp underscored the importance of reliability in their models, saying that the company is looking into how the dynamic knowledge model “can actually make larger language models more reliable in the intermediate data range, so not with small data sets and not with infinite ones, where there could be a lot of value and there’s not a lot of focus."

He also shed light on the strategic direction of Palantir, stating, "We rely on our unfortunate bias that the world is getting more dangerous, more disjuncted, and the more dangerous and more disjunctive it is, the more valuable, powerful software will be.”

Despite the focus on technological advancement, Karp acknowledged that the company is in its early days in the commercial realm. “We're scaling U.S. commercial with a very, very nascent, new, and learning-how-to-do-it sales force at a pretty anomalous rate for any company, but for a company that is 20 years old, completely shockingly exceptional." Karp said.

However, he stressed that Palantir remains "primarily focused on value not on sales," reflecting a long-term vision for sustainable growth and customer satisfaction.

Price Check: Shares of Palantir were up 6.31% to $13.65 on Friday, according to Benzinga Pro data.

Photo:  on Flickr 

Now Read: Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Are Secretly Monitoring But Not Talking About Yet (Including Several Impacted By Nvidia)

Overview Rating:
Speculative
25%
Technicals Analysis
33
0100
Financials Analysis
20
0100
Overview
Market News and Data brought to you by Benzinga APIs

Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!