Europe risks 'ruin' without AI adoption, warns Palantir's Alex Karp as U.S. leads the global AI revolution.

Industries & Applications
Written By Karl Melles

Article published on: 4th November 2024

Credit: thetimes.com

In Summary:

In a stark warning, Palantir CEO Alex Karp has urged European governments and businesses to accelerate AI adoption or face potential "ruin" as the U.S. advances in the AI-driven transformation of industries and economies. Palantir, a leader in data analytics, reported record revenue growth driven largely by American investment in AI technologies, including significant contracts with government entities. The company’s revenue guidance for 2024 is expected to reach $2.81 billion as demand for AI solutions continues to soar. Karp emphasized the need for Europe to take decisive action in the AI race, drawing attention to the continent’s current reluctance to integrate AI at the same scale as the U.S. This cautionary statement arrives amid heightened competition among global tech players to secure AI dominance, with Palantir now one of the top-performing AI-related stocks this year.

For the full article, visit the original post on thetimes.com: Europe risks ‘ruin’ unless it adapts to AI, claims Palantir boss

Karl Melles
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