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International Business Times UK
International Business Times UK
Thea Felicity

Palantir CEO Alex Karp Predicts AI Will Give Him a $300BN Fortune While Workers Get Smaller Gains

Alex Karp in an AI Summit 01/11/2023. Bletchley, United Kingdom (Credit: UK Government - Deputy Prime Minister Oliver Dowden attends AI Summit / Wikimedia Commons)

Palantir CEO Alex Karp has predicted that artificial intelligence could increase his personal fortune to almost £221 billion ($300 billion) while delivering far more modest financial gains for middle-class workers, arguing that the technology risks deepening wealth inequality rather than eliminating it. Speaking on the MDMeets podcast released this week, Karp said AI would likely make those building and owning the technology exponentially richer, even as average salaries improve at a much slower pace.

Karp's comments come as the AI sector continues to generate extraordinary wealth for executives and investors behind the industry's biggest companies.

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