• Palantir’s third-quarter profit beat Wall Street expectations.
• CEO Alex Karp said the revenue growth was driven by AI demand in the US.
• Karp also addressed skeptical critics.

palantir CEO Alex Karp He took a victory lap Monday after the company reported big third-quarter earnings.

The confidential data analytics and software company beat Wall Street expectations on revenue and earnings per share, sending the stock up more than 13% in after-hours trading. US revenue increased 44% year over year.

“We’ve been completely gutted this quarter, driven by relentless AI demand that won’t slow down,” Karp, who co-founded Palantir in 2003, said in an earnings call. “This is a US-driven AI revolution, and it has truly taken root. The world will be divided between the AI ​​haves and the have-nots. At Palantir, we plan to empower the winners.”

In the earnings call following the report, Karp said the company’s growth was driven largely by incremental growth. AI demand From the US government and commercial customers. The company provides artificial intelligence tools to the US military and other US allies.

“Given how strong our results are, I almost think we should go home,” he said at the beginning, adding that the company had previously been met with a lot of skepticism.

karp He also addressed critics who weren’t particularly sure about him, saying during the interview: “Instead of going into every meeting saying, ‘Oh, yeah, Palantir is great, but their fearless leader is bat-crazy and can go to his own house,’ at a commune in New Hampshire he said, ‘No matter what we say, now “Yes, the products are the best and we have great products.”

Karp has served as CEO of Palantir since 2004. He has gained a reputation as an eccentric leader in Silicon Valley and is known as a wellness fanatic who works out of a barn in New Hampshire.

In his letter to shareholders accompanying the earnings report, Karp said the U.S. market is still the core of Palantir’s business.

“This is where we see organizations responding most quickly to the promise of AI, as companies and government agencies race to implement the technical infrastructure necessary to unlock the power of language models across their private and most valuable datasets,” he said. .

The CEO added: Europe It was being “left behind” in AI innovation and needed to adapt or “risk disruption.”