Palantir Technologies Inc. (PLTR), a software company that helps businesses and governments use data and AI in their operations, is raising concerns about who will control the economics of enterprise AI.TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
CEO Alex Karp argues that companies risk paying heavily for AI models while giving up control of the data, workflows, and institutional knowledge that make their businesses valuable. His comments sharpen a growing debate over whether the biggest gains from AI will flow to companies using the technology or to the labs developing the underlying models.
Palantir recently published a white paper titled “Institutional Sovereignty in the Age of AI,” outlining steps businesses and governments can take to protect their data and decision-making systems. Karp also criticized the cost of AI services, saying that companies are frustrated by spending on tokens that create little measurable value.
