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BUILD CUSTOM AI SYSTEMS FOR THE U.S.
GOVERNMENT. THAT STOCK

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SHOOTING UP. IT'S UP AGAIN THIS
MORNING UP ALMOST 6% THIS WEEK.

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AND JOINING US RIGHT NOW
EXCLUSIVELY AT THE TABLE, ALEX

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KARP, PALANTIR'S CO-FOUNDER AND CEO.
AND CNBC'S SEEMA MODY, WHO

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COVERS PALANTIR, JOINS US.
AND TELL US ABOUT TELL US ABOUT THE

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DEAL WITH. THERE'S SO MANY
THINGS I THINK WE ALL WANT TO

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TALK ABOUT, BUT BUT LET'S
GET TO THE NVIDIA DEAL FIRST.

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>> BECAUSE I HAVE SO MUCH
RESPECT FOR NVIDIA AND JENSEN

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HUANG. I'M GOING TO TRY TO KEEP
THIS MORE ADULT THAN I USUALLY

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DO. BUT THE TRUTH IS,
IF YOU WANT TO KNOW HOW THIS CAME

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TOGETHER, FROM MY PERSPECTIVE,
IT WAS IT WAS THERE ARE A LOT

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OF TECHNICAL ISSUES. WHO CONTROLS
THE MODELS, WHO CONTROLS THE WEIGHTS? WHO

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CONTROLS THE VALUE OF YOUR BUSINESS?
BUT, YOU KNOW, WE'RE,

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WE'RE, WE'RE SITTING
ON CRITICAL INFRASTRUCTURE ACROSS

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AMERICA, UKRAINE, ISRAEL,
EVERYONE WHO USES LLMS ON THE

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BATTLEFIELD RUNS ON TOP OF OUR

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ONTOLOGY. AND OUR CLIENTS ARE
JUST TO SAY THEY'RE UNHAPPY

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WITH THE FRONTIER LABS IS TO SAY, I'M
WELCOME AT THE BERKELEY FACULTY. IT'S LIKE

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THERE'S JUST A LEVEL
OF DISCOMFORT AND LOSS OF TRUST

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THAT ALSO MADE IT. IT REALLY, REALLY.

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>> UNPACK THAT. WHAT DO YOU MEAN BY THAT?

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>> WELL, YOU HAVE OKAY.
SO WHEN YOU'RE WHEN YOU'RE USING LARGE

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LANGUAGE MODELS, THEY ARE.
IT'S LIKE A. AT THIS POINT, EVERYONE

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TECHNICAL REALIZES THEY'RE
LIKE A CRITICAL RESOURCE TO MAKE

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THEM VALUABLE IN AN ENTERPRISE
LIKE BATTLEFIELD CONTEXT OR

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REGULATED CONTEXT OR MANUFACTURING, YOU
HAVE TO HAVE WHAT'S CALLED AN APPLICATION

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LAYER. AND WE, WE HAVE THIS
THING CALLED ONTOLOGY THAT NOW

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EVERYONE'S COPYING, BUT DE FACTO, IT
TAKES A LARGE LANGUAGE MODEL. IT MAKES IT

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SAFE AND USEFUL AND PRECISE.
SO SAFE BECAUSE IT DOESN'T TOUCH

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YOUR UNDERLYING DATA,
SAFE BECAUSE IT PREVENTS THE LARGE

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LANGUAGE MODEL FROM CACHING
YOUR DATA AND REPLICATING YOUR

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BUSINESS SAFE BECAUSE IT
DOESN'T TRANSFER YOUR IP OF HOW

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TO FIGHT SECRET DATA,
TOP SECRET DATA, OR IN A CLINICAL

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CONTEXT. SO THE GENERAL WAY
THESE THINGS WERE SOLD, AND

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AGAIN, THESE PEOPLE ARE SAM AND,
AND DARIO, THERE'S NOTHING MORE

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FUN THAN DEBATING DARIO IN PRIVATE.
SO THIS IS I'M NOT

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THROWING SHADE AT THEM.
BUT SOMETHING HAS GONE COMPLETELY

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WRONG. AND THE BASIC VIEW AMONG

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ENTERPRISES IN THIS COUNTRY
IS I'M GOING TO CHILL LAX AND

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WASTE MY TIME WITH TOKENS.
I'M GOING TO GET NO VALUE AND

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THEY'RE GOING TO GET MY IP.
>> NOW THAT SOUNDS LIKE SHADE.

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OKAY. AND NOT TO SHADE.
IT SOUNDS LIKE YOU'RE SAYING THESE.

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>> NO, NO NO, NO, THIS IS REPORTING.

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>> OKAY. >> AND THIS IS REPORTING
THAT I'VE, I'VE LITERALLY AGAINST MY

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OWN INTEREST CALLED THESE ARE
LIKE, I'M PROFITING FROM THIS,

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RIGHT? SO THE REALITY IS YOU
MAY NOT LIKE US AT MY FORMER

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SCHOOL, HAVERFORD OR BERKELEY,
BUT ENTERPRISES IN THIS COUNTRY

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TRUST AND LOVE US, ESPECIALLY
ONES THAT ARE INVOLVED IN

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CRITICAL INFRASTRUCTURE,
BOTH PUBLIC AND PRIVATE. OKAY, SO I

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WANT FOR THOSE COUNTRIES,
WE'RE COMING UP TO JULY 4TH. I WANT

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THOSE I WANT FOR US AND OUR,
OUR, OUR, OUR, OUR, OUR FRIENDS

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ACROSS THE GLOBE TO HAVE
THE VERY BEST TECH RESOURCES. IN

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FACT, THE WHOLE SECRET OF PALANTIR IS
THE FORWARD DEPLOYED MODEL, THE PRODUCTS

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THAT HAVE BEEN FIVE YEARS AHEAD.

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YOU KNOW, YOU'VE BEEN WITH ME
FOR A LONG TIME. EVERYONE,

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EVERYONE, EVERYONE SAID PHDS
WERE SERVICES. THEY SAID, WE

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DON'T EVEN KNOW WHAT AN ONTOLOGY IS.
THAT'S THE ONLY

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THING PEOPLE TALK ABOUT. NOW.
THE SECRET WAS WE DELIVERED THE

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BEST THINGS FOR THE WARFIGHTERS.

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THOSE WARFIGHTERS HAVE SERIOUS
TRUST ISSUES, BUT IT'S NOT JUST

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THE WAR VIS A VIS FRONTIER LABS.

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THEN YOU HAVE MY ENTERPRISES
IN THE PRIVATE SECTOR WHO HAVE THE

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SAME ISSUES, LIKE WHY WOULD
THEY GET ACCESS TO MY DATA IF

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THEY'RE GOING TO BUILD MY ALPHA?

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WHY WOULDN'T I CONTROL THE WEIGHTS? WHY
WOULDN'T? AND THAT'S WHERE YOU GET THIS

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PARTNERSHIP. WHAT ALIGNS ME

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WITH NVIDIA AND I THINK IS WHAT

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THE TECHNICAL CUSTOMERS WANT,

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WHICH IS CONTROL OVER THEIR

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COMPUTE, THEIR MODELS, THEIR

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DATA STACK AND THEIR ALPHA.
THEY WANT TO KNOW THEY OWN THE

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MEANS OF PRODUCTION.
IT'S NOT BEING TRANSFERRED TO SOMEONE

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ELSE. THEY'RE NOT INTERESTED
IN SOME FAKE DEPLOY CODE THAT

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SOMEHOW IS DEPLOYING TOKENS,
THAT TRANSFERS THE ALPHA TO A

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THIRD PARTY AND THE JIG IS UP.

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AND SO WE HAVE TO FIGURE OUT
A WAY BOTH, BOTH OUR OUR PRODUCTS

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ARE AGNOSTIC. WE, WE NOW SELL
A PRODUCT TO CUSTOMERS THAT

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ALLOWS YOU TO SWITCH FROM MODEL
TO MODEL BECAUSE. AND WE'RE

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COMPLETELY AGNOSTIC, BUT WE
NEED TO REBUILD TRUST. AND THAT

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TRUST IS GOING TO HAPPEN WHERE
EVERYONE GETS TO ASK, ASK AND

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ANSWER BASIC QUESTIONS.
WHO OWNS THE DATA? WHERE IS IT

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CACHED? ARE THE PROMPTS SECURE?

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IS THIS BEING TRANSFERRED TO YOU?
ARE YOU BEING OKAY? IF IT

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WAS SO VALUABLE, LET'S SAY I CAN MAKE YOU
$1 BILLION TOMORROW. WOULDN'T I SAY I'LL

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MAKE YOU $1 BILLION AND I WANT 30%.
WHY ARE THEY CHARGING FOR

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TOKENS IF IT'S SO VALUABLE?
>> SO THEN, ALEX, IF THE KEY,

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FROM WHAT I'M HEARING YOU SAY,
IS A SECURE, AMERICAN BORN OPEN

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SOURCE MODEL, HOW QUICKLY CAN
YOUR MODEL COMPETE WITH THE FRONTIER?

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>> WELL, KNOW WHAT.
>> I'M SAYING IS. AND AGENTIC AI.

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>> OKAY, WHAT I'M CLAIMING,
OBVIOUSLY SLIGHTLY TRUE, BUT

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SLIGHTLY SELF-CENTERED IS IT'S

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THE MODEL PLUS AN APPLICATION
LAYER PLUS COMPUTE. IT IS

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REALLY ALL THREE.
SO IN OUR JARGON, IT'S THE VALUE, THE

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REASON. OKAY, JUST LOOK
AT OUR FINANCIALS. THE REASON WHY

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EVERYONE IS CHILLAXING WITH BAD
FINANCIALS AND GROWTH WITH

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LOSING MONEY IS THE CLIENT
REFUSES TO PAY THE TRUE COST.

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THE TWO PLACES THAT ACTUALLY
MAKE MONEY, LIKE PROFIT FREE

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CASH FLOW ARE OUR APPLICATION
LAYER CALLED ONTOLOGY AND

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COMPUTE. OKAY, WHAT?
I AM NOT JUST CLAIMING WE CAN TAKE AN

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OPEN MODEL AND IN THE
CLASSIFIED OR NON-CLASSIFIED

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CONTEXT, GET IT TO THE POINT
OF A FRONTIER MODEL, BUT A YOU

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CONTROL THE WEIGHTS.
SO WHAT IS THE TRUE COST? NOT JUST WHAT

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YOU'RE PAYING. THE TRUE COST
IS NOT JUST IS WHAT YOU MAKE MINUS

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WHAT YOU LOSE, MEANING THE VALUE
OF YOUR BUSINESS. BUT WE

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CAN GET THE THE FRONTIER
APPLICATION TO BE EXACTLY THE

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SAME AS A FRONTIER MODEL, WITHOUT
THE RISK OF TRANSFERRING THE ALPHA OF YOUR

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BUSINESS TO ANOTHER.
BY THE WAY, YOU COULD DO THIS WITH A

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FRONTIER CLOSED MODEL TOO,
BUT THEN THE CLIENTS HAVE TO BE

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ABLE TO ASK AND ANSWER A VERY
BASIC QUESTIONS. ARE YOU

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KEEPING THE DATA? ARE YOU GOING
TO ENTER OUR BUSINESS? WHAT DO

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YOU IN THE CLASSIFIED CONTEXT,
WHEN THE DEPARTMENT OF WAR GOES

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TO YOU AND SAYS, I NEED
THIS APPLICATION, DO THEY GET TO

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CONTROL THE WEIGHTS TO DO IT,
OR DO YOU GET TO CONTROL THE

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WEIGHTS? ARE WE REALLY GOING
TO OUTSOURCE THE BATTLEFIELD OF

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THIS COUNTRY TO THE CONSENSUS
VIEW IN SILICON VALLEY? THAT IS

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EFFING INSANE. AND BY THE WAY,
EVERY SINGLE ENTERPRISE IN THIS

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COUNTRY IN PRIVATE, A LOT
OF THEM DON'T WANT TO SPEAK IN

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PUBLIC BECAUSE IT GETS IT GETS OUTSOURCED
TO THE NEURODIVERGENT, CRAZY PERSON

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THAT APPARENTLY IS ON DRUGS.
THE ONE THING I DON'T DO IT.

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OKAY, SO THAT'S MY ROLE.
BUT I'M TELLING YOU, IN THIS

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COUNTRY, AT EVERY SINGLE
ENTERPRISE I DEAL WITH, THESE

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PEOPLE ARE LIVID. THEY'RE LIKE,
I AM PAYING FOR TOKENS THAT

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CREATE NO VALUE. THESE PEOPLE ARE STEALING
THE WEIGHTS IN ALPHA OF MY BUSINESS, AND

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THEY'RE CREATING A WEALTH TAX
THAT DOES NOT HELP THE POOR. IT

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JUST PUNISHES.
STARTS WITH THE BILLIONAIRES. EVERY SINGLE

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PERSON AT THIS TABLE IS GOING
TO BE PAYING A WEALTH TAX ONLY

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TO PUNISH US. AND THE REASON
FOR IT IS BECAUSE THESE MODELS

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HAVE BEEN COMPLETELY OVER,
IRRESPONSIBLY OVERSOLD. AND THE

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SALE IS IT'S DANGEROUS
FOR EVERYONE, WHICH IS WHY I CAN

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GIVE IT TO ALL YOUR ADVERSARIES,
BUT I CAN'T GIVE IT TO THE

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DEPARTMENT OF WAR OR I CAN'T
SAFELY GIVE IT TO AN ENTERPRISE

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IN THIS COUNTRY WITHOUT BEING
CERTAIN THAT THE ALPHA OF THAT

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BUSINESS COULD TRANSFER TO THIS MODEL
TOMORROW. I HAVE NO BUSINESS. NO JOB.

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>> YOU SOUND PRETTY ANGRY.
>> NO, THE. THIS IS THE VOICE

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OF AMERICAN BUSINESS THAT IS
BEING CHANNELED THROUGH ME. AND

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I'M TELLING YOU, IT IS.
IT IS ABSOLUTELY A PROBLEM FOR THIS

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COUNTRY, BECAUSE WE ARE ON THE
CUTTING EDGE OF EVERY SINGLE AI

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TECHNOLOGY. BUT IF YOU'RE GOING
TO TRIPOLI, OVERSELL SOMETHING.

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AND AND BY THE WAY