Palantir Chief Criticizes Corporate Baitouts While Americans ‘Get Nothing’
Alex Karp, CEO of Palantir, Backs tough regulatory restrictions to protect Americans against the Fentanyl Crisis. (Courtesy: Palantir: Q3 2025 WebCast Monetization)
PalAntir CEO Alex Karp on Wednesday revealed that Americans have lost trust in big institutions because powerful managers tend to avoid the consequences of dishonesty in this culture. “
Speaking at the New York Times’ annual conference on whether the federal government should take significant stakes in major corporations, Karp accused the big companies of running for the White House for making “stupid decisions.”
“No one believes that the institutions are honest … and I struggle to believe that they do too, because these business leaders make completely stupid decisions, and they get baingod,” said Karp. “After a year they get huge bonuses. And what do the Americans get? Nothing. That’s a big problem.”
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Alex Karp speaks onstage during the New York Times Book Deal Discussion 2025 at Jazz at Lincoln Center on December 3, 2025, in New York City. (David Dee Delgado/Getty Images for The New York Times/Getty Images)
Karp also defended Palantir’s long-term strategy, saying many of its decisions, once dismissed as “stupid,” are now being copied across the tech industry.
“Every Palantir decision was made … Every single one of them was looked at as stupid,” he said. “… All the people who make the right decisions are broke, they go out of business or now they have to copy us.”
Karp went on to argue that companies seeking help from the government after making “stupid decisions” must face the full consequences of their actions.
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New York Times Columnists Andrew Ross Soss Soskin and Palantir Co-Founder and CEO Alex Karp Discuss the 2025 New York Times Dealbook at the Jazz at Lincoln Center conference on December 3, 2025, in New York City. (Michael M. Santiago / Getty Images / Getty Images)
“If you want to make your own stupid decisions, then go to the White House and ask for money, you have to take the full risk of that,” Karp said. “…
Karp added, “We at Palantir absorb the full risk of our failure, and everyone else should too.”
The senior official also said that “poor people” are the only people who pay the price for injustice in this culture. “
“All of us in one way or another bring out all the times we’re not and we’re stupid in the rest of society,” Karp said. “But if you’re poor and you’re a soldier, or you’re poor in the ghetto, when you’re wrong, you go to jail, or you die.”
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A woman walks under a palantir sign before the World Economic Forum (WEF) annual meeting in Davos on May 22, 2022. (Fabrice coffriphi / AFP via Getty Images / Getty Images)
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At the conference, Karp also defended Palantir’s work with the Trump administration and the Israeli government and denied that the company was developing surveillance tools for the US government, the New York Times said.
Earlier this month, Karp argued during an earnings call that the tech giant is “the first company to be completely anti-roke” and expressed support for the Trump Administration’s military strikes against drug-trafficking boats.
Palantir did not immediately respond to Fox Business’ request for comment.
Fox Business’ Marc Tamasco contributed to this report.
