Palantir CEO Alex Karp cautioned that the US should avoid Europe's restrictive approach to AI regulation, advocating instead for open-weight AI models to maintain global competitiveness. Karp emphasized that banning or overly restricting AI products domestically while they remain unrestricted abroad would undermine US leadership in AI technology. Meanwhile, Anthropic CEO Dario Amodei clarified that his company does not support banning open-weight models but questioned their effectiveness as safety tools. The debate highlights the tension between fostering innovation and ensuring AI security, with major players like Nvidia and Palantir pushing for open collaboration to advance AI capabilities safely.
Michael Burry, known as the 'Big Short' trader, has increased his short position against Nvidia as the stock price fell from around $210 to $193.45. Burry's bearish stance reflects his skepticism about the sustainability of the AI boom and concerns o...
Anthropic CEO Dario Amodei clarified that his company does not support banning open-weight AI models, which users can download and modify. This statement follows a coalition of tech firms urging policymakers to avoid premature restrictions on such mo...
Nvidia is reportedly negotiating to provide a $250 billion financing package for a massive OpenAI data center project in Ohio, part of a $500 billion development led by SoftBank's energy subsidiary. This deal would help OpenAI lease a 10-gigawatt fac...
Palantir Technologies' stock has fallen nearly 10% in the past five days, adding to a nearly 30% loss year-to-date and reaching the lower end of its 52-week range. The decline comes just before the company is set to release its Q2 earnings on August ...
Oppenheimer reaffirmed its 'Outperform' rating on Palantir, setting a $200 price target that implies a 63% gain from current levels. The firm expects Palantir to beat Q2 revenue estimates and raise its full-year outlook, driven by strong demand from ...
