Palantir Technologies Inc. (NASDAQ:PLTR) CEO Alex Karp reiterated on Monday that he believes AI frontier labs are not trustworthy enough for enterprise use.

During the earnings call, following the company’s robust results, the CEO argued that companies should support technologies that strengthen U.S. interests rather than benefit adversaries, while criticizing what he described as a small group of elites controlling economic gains at others’ expense.

Karp argued that enterprises are effectively paying AI providers to use their proprietary knowledge and expertise to train models that could eventually compete with and replace their own businesses. He also claimed some AI companies justify this approach as serving a broader mission they believe is morally superior.

“And why are they doing it? It’s actually being done for what they believe are moral reasons. They are superior to you. They deserve to colonize your enterprise,” he said sarcastically about frontier AI labs.

The CEO suggested in Palantir’s quarterly shareholder letter that the AI business has “Marxist overtones and undertones,” arguing that, unlike some large language model developers, Palantir does not seek to control its partners’ means of production.

Karp said that the company has consistently refused to adopt what it views as a “parasitic” relationship with partners, emphasizing that despite taking a different approach from much of the tech industry, it remains fully aligned with its customers’ interests.

Palantir Pushes AI Sovereignty

Karp’s comments underscore Palantir’s push for “AI sovereignty,” arguing that businesses should retain control of their data and workflows instead of giving AI labs access to valuable intellectual property with limited returns.

Jacbon Bourne, an analyst for eMarketer, told Business Insider that Palantir benefits from positioning itself as a data analytics company that connects AI models to enterprise operations rather than building frontier AI models. While its accelerating growth challenges claims that enterprise AI struggles to scale, questions remain over whether AI could eventually replace the software layer Palantir provides, a factor that “has weighed” on its stock price this year.

Palantir beat second-quarter expectations with $1.94 billion in revenue and 41 cents adjusted EPS, raised its third-quarter and full-year 2026 revenue forecasts above Wall Street estimates, and ended the quarter with $9.2 billion in cash and short-term investments.

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