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00:02Palantir Technologies' stock rose 0.64% to $131.04 in Thursday pre-market trading
00:10as stronger futures lifted risk appetite across markets, according to Benzinga.
00:15CEO Alex Karp told CNBC that AI is creating massive economic dislocation,
00:21risks accelerating wealth concentration, and could fuel political unrest
00:25unless businesses and governments openly confront workforce displacement and inequality.
00:30Karp said that businesses are unhappy with Frontier AI Labs for failing to understand
00:34enterprise problems, technical complexity, and security requirements,
00:39arguing that large companies need AI systems built for real-world operations
00:43rather than simple or self-contained tasks.
00:46Karp said Palantir serves major governments and enterprises where software must perform
00:50in high-stakes settings and claimed that most of what Anthropic discusses publicly
00:54runs on Palantir.
00:55Technically, the stock trades below its 20-day, 50-day, 100-day, and 200-day moving averages
01:03with key support at $128.50 and resistance at $149.50.
01:10For all things money, visit Benzinga.com.
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