Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business

Palantir CEO Predicts AI Will Make Him $300B While Workers Get Left Behind

SUN VALLEY, IDAHO - JULY 10: CEO of Palantir Technologies Alex Karp attends the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 10, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Credit: Kevin Dietsch/Getty Images)

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.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.