Palantir Reports Record Profits While CEO Blasts AI Lab Business Models

By Julie Bort · TechCrunch · 2026-08-03

TechCrunch reports that Palantir achieved a ninety-three percent revenue jump in its latest quarter, reaching $1.9 billion as AI demand surged. Despite this financial success, CEO Alex Karp used the earnings announcement to criticize frontier AI labs, accusing them of attempting

TechCrunch reports that Palantir achieved a ninety-three percent revenue jump in its latest quarter, reaching $1.9 billion as AI demand surged. Despite this financial success, CEO Alex Karp used the earnings announcement to criticize frontier AI labs, accusing them of attempting