Palantir Technologies reported exceptional second quarter 2026 results, with revenue of $1.9 billion, a 93% year-over-year increase, and profits of $1.1 billion. CEO Alex Karp is actively promoting the concept of AI sovereignty, arguing that companies should own their data and AI infrastructure rather than outsourcing it to Big Tech. The company published a nine-point manifesto warning against the risks of over-dependence and data leakage to external providers. The stock surged approximately 29-30% following these results. Palantir announced a partnership with Nebius Group to provide sovereign AI infrastructure, strengthening its existing collaboration with Nvidia.
Source: Read the original article
