Palantir Technologies Inc.
(NASDAQ:PLTR) CEO Alex Karp warned that AI could become the biggest driver of wealth inequality in the U.S., saying that while the technology is likely to improve the standard of living for the average person, the biggest gains will only go to those leading the AI industry.
On an episode of Mathias Dopfner's "MD Meets" podcast on Monday, Karp called AI wealth inequality the "biggest problem in this country." According to Karp, these individuals could become 10 to 100 times wealthier than they already are, widening the gap between the richest and everyone else.
Karp said previous technological revolutions created a much smaller wealth gap, with average workers seeing significant income gains.
At the same time, top earners became only a few times richer, making billionaires far less common than they are today.
