Palantir reported second quarter 2026 earnings that exceeded analyst expectations, with accelerating revenue growth driven by AI demand from government and commercial clients. CEO Alex Karp used the opportunity to attack frontier AI labs such as OpenAI and Anthropic, calling them Marxist and too untrustworthy for serious enterprise deployment. According to Karp, these companies build powerful models but lack the infrastructure and governance frameworks required for safe enterprise AI deployment. Palantir already offers blockchain compliance solutions through its Foundry for Crypto product, while tokenized versions of its shares are available on select platforms but trading volume remains limited. Palantir’s adjusted revenue growth has consistently beaten expectations across multiple quarters, though digital assets have not emerged as a significant growth driver yet.
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