1 hr. ago
Palantir (PLTR) CEO Alex Karp recently mentioned the words "Token Industrial Complex" in his Q2 letter to shareholders. In his usual aggressive fashion, Karp has publicly criticized closed-weight AI models, accusing them of various things, including adding no real value, increasing enterprise costs, and stealing intellectual property. As a result, he believes there are two layers that will naturally stand out: Nvidia's (NVDA) compute layer and Palantir's application layer.
Karp is an outspoken CEO, and he often takes an extreme stance on many things. However, his comments on the Token Industrial Complex are more than just rhetoric. He makes a valid point, but you'll need to understand the difference between open-weight and closed-weight models first. An open-weight model is one where users can download, modify, and run the final trained numerical parameters, also known as weights. A closed-weight model is one where users cannot see or modify the trained parameters and can only send inputs and receive outputs.
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#pltr #karp
Karp is an outspoken CEO, and he often takes an extreme stance on many things. However, his comments on the Token Industrial Complex are more than just rhetoric. He makes a valid point, but you'll need to understand the difference between open-weight and closed-weight models first. An open-weight model is one where users can download, modify, and run the final trained numerical parameters, also known as weights. A closed-weight model is one where users cannot see or modify the trained parameters and can only send inputs and receive outputs.
Dear Sandisk Stock Fans, Mark Your Calendars for August 31
Dear Palantir Stock Fans, Here's What Maven's Billion-Dollar ARR Means for PLTR
Wu-Tang Clan Member Raekwon Is a Palantir 'OG,' Visiting Headquarters 16 Years After Receiving His Custom PLTR Jacket
#pltr #karp
3 hours ago
Palantir Technologies (PLTR) is a leading artificial intelligence (AI) and big data **** ytics company that builds software platforms enabling government and commercial organizations to integrate data and make real-time operational decisions. The company operates through two core segments, Commercial and Government, powering mission-critical workflows in defense, intelligence, healthcare, energy, and financial services.
Under CEO Alex Karp, Palantir's flagship Artificial Intelligence Platform (AIP) has become central to its rapid growth story, driving explosive U.S. commercial adoption as enterprises race to operationalize generative AI. With programs like Maven advancing toward Pentagon program-of-record status, Palantir has cemented itself as a defense-tech and enterprise AI powerhouse.
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#pltr #Stock #government
Under CEO Alex Karp, Palantir's flagship Artificial Intelligence Platform (AIP) has become central to its rapid growth story, driving explosive U.S. commercial adoption as enterprises race to operationalize generative AI. With programs like Maven advancing toward Pentagon program-of-record status, Palantir has cemented itself as a defense-tech and enterprise AI powerhouse.
Wu-Tang Clan Member Raekwon Is a Palantir 'OG,' Visiting Headquarters 16 Years After Receiving His Custom PLTR Jacket
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Tesla Stock Could Benefit as Trump Locks Down the U.S. Power Grid
#pltr #Stock #government
3 days ago
IDT (NYSE:IDT) highlighted the expanding contribution of its higher-margin growth businesses during a company presentation, while executives said the company intends to wait for larger business scale and more favorable capital-market conditions before reconsidering a potential net2phone spin-off.
Bill Ulrey, IDT's vice president of investor relations and external affairs, said the company's fiscal year ends July 31 and that the presentation covered the third quarter of fiscal 2026, ended April 30. IDT expects to report fourth-quarter and full-year results in the last week of September.
→ Palantir's Kool-Aid Moment: The Math Behind Karp's Forecast
As of April 30, IDT had $251 million of cash and no debt, Ulrey said. Over the trailing 12 months, the company generated $1.3 billion of revenue and $147 million of adjusted EBITDA. Share repurchases and quarterly dividends totaled $26 million over that period, according to the presentation.
IDT operates six primary businesses, with management emphasizing three higher-margin growth operations: National Retail Solutions, BOSS Money and net2phone. These businesses collectively account for about one-third of revenue and two-thirds of gross profit, Ulrey said. The company's traditional communications operations continue to provide cash flow that has supported the development of those growth businesses.
#businesses #Growth #million
Bill Ulrey, IDT's vice president of investor relations and external affairs, said the company's fiscal year ends July 31 and that the presentation covered the third quarter of fiscal 2026, ended April 30. IDT expects to report fourth-quarter and full-year results in the last week of September.
→ Palantir's Kool-Aid Moment: The Math Behind Karp's Forecast
As of April 30, IDT had $251 million of cash and no debt, Ulrey said. Over the trailing 12 months, the company generated $1.3 billion of revenue and $147 million of adjusted EBITDA. Share repurchases and quarterly dividends totaled $26 million over that period, according to the presentation.
IDT operates six primary businesses, with management emphasizing three higher-margin growth operations: National Retail Solutions, BOSS Money and net2phone. These businesses collectively account for about one-third of revenue and two-thirds of gross profit, Ulrey said. The company's traditional communications operations continue to provide cash flow that has supported the development of those growth businesses.
#businesses #Growth #million
4 days ago
"Big Short" investor Steve Eisman warned on CNBC's "Fast Money" on August 13 that OpenAI and Anthropic account for roughly 70% of AI-related revenue at Microsoft, Amazon, Google, and Oracle, and as much as 25% to 35% of those companies' cloud revenue. "The futures of these massive companies, in a sense, are a bet that OpenAI and Anthropic are going to succeed," Eisman said. He called the concentration the "Achilles' heel" of the AI trade, warning that if something goes wrong at either lab, cheaper Chinese open-weight models could spark a price war across the industry. Eisman said he is not shorting the trade yet, since he wants financial data once the labs go public.
NVIDIA Corporation (NASDAQ:NVDA) and Palantir Technologies Inc. (NASDAQ:PLTR) sit on opposite sides of that same concentration risk. Nvidia supplies the chips every AI lab needs regardless of who wins, while Palantir is betting that companies want to reduce their reliance on any single AI lab altogether.
Palantir Technologies Inc. (NASDAQ:PLTR)'s results argue against it being just another concentration bet. Revenue rose 93% to $1.94 billion last quarter, beating the $1.80 billion expected. Palantir raised full-year guidance to $8.15-$8.158 billion, its largest-ever raise, the company said. U.S. commercial revenue grew 149% to $764 million, showing broad-based demand.
Palantir's sovereignty pitch carries real weight beyond marketing. CEO Alex Karp wrote that "our customers have declined to become vassal states of the language labs. Karp joined other tech leaders urging the government not to restrict open-weight AI models, widening customer choice beyond the two labs Eisman flagged.
NVIDIA Corporation (NASDAQ:NVDA)'s chips stay necessary no matter which lab wins. Every hyperscaler, OpenAI, Anthropic, and any challenger still needs Nvidia hardware. Eisman's warning centers on the labs' finances, not Nvidia's chip business itself.
#palantir #Companies
NVIDIA Corporation (NASDAQ:NVDA) and Palantir Technologies Inc. (NASDAQ:PLTR) sit on opposite sides of that same concentration risk. Nvidia supplies the chips every AI lab needs regardless of who wins, while Palantir is betting that companies want to reduce their reliance on any single AI lab altogether.
Palantir Technologies Inc. (NASDAQ:PLTR)'s results argue against it being just another concentration bet. Revenue rose 93% to $1.94 billion last quarter, beating the $1.80 billion expected. Palantir raised full-year guidance to $8.15-$8.158 billion, its largest-ever raise, the company said. U.S. commercial revenue grew 149% to $764 million, showing broad-based demand.
Palantir's sovereignty pitch carries real weight beyond marketing. CEO Alex Karp wrote that "our customers have declined to become vassal states of the language labs. Karp joined other tech leaders urging the government not to restrict open-weight AI models, widening customer choice beyond the two labs Eisman flagged.
NVIDIA Corporation (NASDAQ:NVDA)'s chips stay necessary no matter which lab wins. Every hyperscaler, OpenAI, Anthropic, and any challenger still needs Nvidia hardware. Eisman's warning centers on the labs' finances, not Nvidia's chip business itself.
#palantir #Companies
27 days ago
Palantir shares surged north by more than 27% on Tuesday after the company reported quarterly earnings that CEO Alex Karp called "otherworldly" in a call with ******* ysts Monday evening.
While some ******* ysts were quick to frame the nearly 30% pop as recovery from a sell-off through June and July that saw Palantir wrapped into the doubts around the staying power of the software sector, the run-up extends a rally going back to 2024 that has seen the stock price boom from roughly $25 to more than $150 per share in only two years.
That shift in share price can really be traced back to the 2023 launch of Palantir's AIP platform, said Louie DiPalma, an industrials sector ******* yst at William Blair.
The company's existing platforms — Gotham for government operations and Foundry for the commercial sector — allowed customers to fuse massive amounts of disparate data and perform complex ******* ysis of that data. AIP, released in April 2023 shortly after OpenAI debuted ChatGPT the previous November, allowed customers on both platforms to connect large language models to their existing datasets, layering AI-powered ******* ysis and computation on top of Gotham and Foundry.
#palantir #gotham #foundry
While some ******* ysts were quick to frame the nearly 30% pop as recovery from a sell-off through June and July that saw Palantir wrapped into the doubts around the staying power of the software sector, the run-up extends a rally going back to 2024 that has seen the stock price boom from roughly $25 to more than $150 per share in only two years.
That shift in share price can really be traced back to the 2023 launch of Palantir's AIP platform, said Louie DiPalma, an industrials sector ******* yst at William Blair.
The company's existing platforms — Gotham for government operations and Foundry for the commercial sector — allowed customers to fuse massive amounts of disparate data and perform complex ******* ysis of that data. AIP, released in April 2023 shortly after OpenAI debuted ChatGPT the previous November, allowed customers on both platforms to connect large language models to their existing datasets, layering AI-powered ******* ysis and computation on top of Gotham and Foundry.
#palantir #gotham #foundry
27 days ago
During Monday night's Q2 earnings conference call with **** ysts, Palantir (PLTR) CEO Alex Karp delivered some typically fiery comments on one of his current favorite soapbox topics – the ills of frontier artificial intelligence (AI) labs.
"In the enterprise context, people sign up for token self-pleasurings," **** erted Karp, "where you are paying for the right for [the frontier labs] to migrate your IP, your know-how, your expertise to their model so that they can build a competitive business that doesn't require your business, your people."
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#frontier
"In the enterprise context, people sign up for token self-pleasurings," **** erted Karp, "where you are paying for the right for [the frontier labs] to migrate your IP, your know-how, your expertise to their model so that they can build a competitive business that doesn't require your business, your people."
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#frontier
27 days ago
Palantir's Q2 revenue surged 93% to $1.94 billion, beating consensus, with U.S. commercial total contract value hitting a record $2.1 billion.
PLTR rocketed 16% while AI and PATH caught zero sympathy bid, confirming this as a pure single-stock reaction to earnings.
Palantir Technologies CEO Alex Karp raised the company's FY2026 revenue guidance to $8.15 billion while Deutsche Bank upgraded Palantir to Buy with a $200 price target.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Palantir didn't make the cut. Grab the names FREE today.
Palantir's (NASDAQ:PLTR) stock is ripping higher early Tuesday, with Palantir shares up 16% to $145.50 after the company posted a blowout Q2 2026 and raised its full-year outlook. The rally follows Monday's after-close earnings release, and it hasn't spread to peer agentic-AI names.
#billion #revenue #raised #path
PLTR rocketed 16% while AI and PATH caught zero sympathy bid, confirming this as a pure single-stock reaction to earnings.
Palantir Technologies CEO Alex Karp raised the company's FY2026 revenue guidance to $8.15 billion while Deutsche Bank upgraded Palantir to Buy with a $200 price target.
Act now: the ***** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Palantir didn't make the cut. Grab the names FREE today.
Palantir's (NASDAQ:PLTR) stock is ripping higher early Tuesday, with Palantir shares up 16% to $145.50 after the company posted a blowout Q2 2026 and raised its full-year outlook. The rally follows Monday's after-close earnings release, and it hasn't spread to peer agentic-AI names.
#billion #revenue #raised #path
28 days ago
Palantir CEO Alex Karp on Monday once again warned that AI frontier labs are too untrustworthy for enterprises.
The CEO, who famously studied philosophy and earned a PhD in social theory, implied in Palantir's quarterly shareholder letter that these were the kinds of capitalists who gave rise to Marxist socialism.
"There are Marxist overtones and undertones to our business," he wrote in a letter to shareholders about Palantir's outstanding quarter. "Others, including many of those building large language models, intend, knowingly or otherwise, to capture the means of production of their purported partners."
To be clear, AI labs have hardly cornered Palantir out of the market. Quite the opposite. The skyrocketing use of AI helped Palantir achieve record-breaking results. For its second quarter, the company reported $1.9 billion in revenue, up 93% over the year-ago quarter, and $1.1 billion in profit, "more profit in a single quarter than we did in total revenue in the same period the year before," he wrote.
During the quarterly conference call with Wall Street **** ysts, he explained his **** ogy further, relying heavily on a sort of "tech bro patriot" jargon common among defense tech companies. (Palantir's senior leadership is entirely male.)
#year
The CEO, who famously studied philosophy and earned a PhD in social theory, implied in Palantir's quarterly shareholder letter that these were the kinds of capitalists who gave rise to Marxist socialism.
"There are Marxist overtones and undertones to our business," he wrote in a letter to shareholders about Palantir's outstanding quarter. "Others, including many of those building large language models, intend, knowingly or otherwise, to capture the means of production of their purported partners."
To be clear, AI labs have hardly cornered Palantir out of the market. Quite the opposite. The skyrocketing use of AI helped Palantir achieve record-breaking results. For its second quarter, the company reported $1.9 billion in revenue, up 93% over the year-ago quarter, and $1.1 billion in profit, "more profit in a single quarter than we did in total revenue in the same period the year before," he wrote.
During the quarterly conference call with Wall Street **** ysts, he explained his **** ogy further, relying heavily on a sort of "tech bro patriot" jargon common among defense tech companies. (Palantir's senior leadership is entirely male.)
#year
28 days ago
Palantir blew past Wall Street's financial targets in its second quarter and forecast strong growth in the coming months, sending its stock surging 13% in after-hours trading on Monday.
Revenue in the three months ended June 30 increased 93% year over year, totaling $1.94 billion, compared with the $1.801 billion that ***** ysts were expecting. The AI software company posted net income of roughly $1.1 billion, or 41 cents per share, versus the average ***** yst estimate of 35 cents.
Palantir's growth was fueled by continued strength in the U.S., where commercial revenue jumped 149% from a year earlier and government revenue climbed 90%.
"Our business is compounding at a rate and scale that we have never before witnessed," Palantir CEO Alex Karp said in a letter to shareholders, noting that Palantir's second-quarter net income was more than the company generated in total revenue the year before.
The AI software company also issued another bullish outlook. Palantir expects third-quarter revenue of $2.160 billion to $2.164 billion and adjusted income from operations of $1.292 billion to $1.296 billion. It also raised its full-year 2026 revenue guidance to between $8.150 billion and $8.158 billion, up from its start-of-year forecast of $7.182 billion to $7.198 billion.
#revenue
Revenue in the three months ended June 30 increased 93% year over year, totaling $1.94 billion, compared with the $1.801 billion that ***** ysts were expecting. The AI software company posted net income of roughly $1.1 billion, or 41 cents per share, versus the average ***** yst estimate of 35 cents.
Palantir's growth was fueled by continued strength in the U.S., where commercial revenue jumped 149% from a year earlier and government revenue climbed 90%.
"Our business is compounding at a rate and scale that we have never before witnessed," Palantir CEO Alex Karp said in a letter to shareholders, noting that Palantir's second-quarter net income was more than the company generated in total revenue the year before.
The AI software company also issued another bullish outlook. Palantir expects third-quarter revenue of $2.160 billion to $2.164 billion and adjusted income from operations of $1.292 billion to $1.296 billion. It also raised its full-year 2026 revenue guidance to between $8.150 billion and $8.158 billion, up from its start-of-year forecast of $7.182 billion to $7.198 billion.
#revenue
28 days ago
By Jaspreet Singh and Juby Babu
Aug 3 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong government and commercial demand for its data ****** ytics software, sending its shares up 14% in extended trading.
Denver-based Palantir has increasingly been marketing military-grade AI tools to businesses through its artificial intelligence platform that helps companies integrate and develop the technology.
"Our business is compounding at a rate and scale that we have never before witnessed," Palantir CEO Alex Karp said in a letter to shareholders.
The company, which enables government and enterprise clients to make decisions using their own data, forecast annual revenue between $8.150 billion and $8.158 billion, up from $7.650 billion to $7.662 billion earlier.
#billion #revenue #government
Aug 3 (Reuters) - Palantir Technologies on Monday raised its annual revenue forecast again, signaling strong government and commercial demand for its data ****** ytics software, sending its shares up 14% in extended trading.
Denver-based Palantir has increasingly been marketing military-grade AI tools to businesses through its artificial intelligence platform that helps companies integrate and develop the technology.
"Our business is compounding at a rate and scale that we have never before witnessed," Palantir CEO Alex Karp said in a letter to shareholders.
The company, which enables government and enterprise clients to make decisions using their own data, forecast annual revenue between $8.150 billion and $8.158 billion, up from $7.650 billion to $7.662 billion earlier.
#billion #revenue #government
28 days ago
Tech stocks boosted the major indexes on Tuesday morning as markets eyed Middle East talks and earnings rolled in, with the arrival of ****** eX's (SPCX) earnings after the bell in focus.
The tech-heavy Nasdaq Composite (^IXIC) led stocks higher, surging over 2%, while the S&P 500 (^GSPC) added 1.5%, pacing for a record high close. The blue-chip Dow Jones Industrial Average (^DJI) built on its own record high on Monday with a 1.7% gain.
A slew of important earnings updates helped lift stocks on Tuesday. Caterpillar (CAT), the Dow's second-largest component by weight and an industrial beneficiary of the AI build-out, gained 6% after its sales and revenue topped $20 billion for the first time.
Palantir (PLTR) stock also soared 26% following what CEO Alex Karp deemed an "otherworldly" quarter. In the second quarter, Palantir's commercial revenue from the US government surged 90% year over year.
That helped propel a rally in chip and tech stocks, as the PHLX Semiconductor Index (^SOX) jumped 6% and stocks such as Intel (INTC), Micron (MU), and Nvidia (NVDA) gained momentum.
#tuesday #industrial #high #second
The tech-heavy Nasdaq Composite (^IXIC) led stocks higher, surging over 2%, while the S&P 500 (^GSPC) added 1.5%, pacing for a record high close. The blue-chip Dow Jones Industrial Average (^DJI) built on its own record high on Monday with a 1.7% gain.
A slew of important earnings updates helped lift stocks on Tuesday. Caterpillar (CAT), the Dow's second-largest component by weight and an industrial beneficiary of the AI build-out, gained 6% after its sales and revenue topped $20 billion for the first time.
Palantir (PLTR) stock also soared 26% following what CEO Alex Karp deemed an "otherworldly" quarter. In the second quarter, Palantir's commercial revenue from the US government surged 90% year over year.
That helped propel a rally in chip and tech stocks, as the PHLX Semiconductor Index (^SOX) jumped 6% and stocks such as Intel (INTC), Micron (MU), and Nvidia (NVDA) gained momentum.
#tuesday #industrial #high #second
29 days ago
Palantir (PLTR) will report second-quarter results on Aug. 3, and the ******* ysts covering PLTR stock cannot seem to agree on what is coming. PLTR stock fell about 6% after Cleveland Research flagged signs of weak spending among Palantir's commercial customers. The note was a rare cautious voice on a stock that has mostly drawn praise, and it was enough to worry investors. Baird ******* yst William Power pushed back the same day, however, reiterating an "Outperform" rating and a $200 price target. A day before that, Oppenheimer ******* yst Param Singh also kept an "Outperform" rating and a $200 target. Singh expects revenue to grow roughly 85% in Q2. For reference, Palantir's own Q2 guidance points to revenue of about $1.8 billion, which would mean growth of roughly 80%. So, the ******* yst believes Palantir will beat its own forecast, something it has done quarter after quarter.
That pattern is why the bulls feel confident. Last quarter, Palantir raised its full-year revenue guidance by its largest amount ever, and management said the real problem is not demand but keeping up with it. CEO Alex Karp noted that U.S. growth is being limited because the company has been unable to fulfill demand. This goes directly against Cleveland's warning about commercial spending softening.
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#analyst
That pattern is why the bulls feel confident. Last quarter, Palantir raised its full-year revenue guidance by its largest amount ever, and management said the real problem is not demand but keeping up with it. CEO Alex Karp noted that U.S. growth is being limited because the company has been unable to fulfill demand. This goes directly against Cleveland's warning about commercial spending softening.
CoreWeave Just Scored a Leidos Partnership. What That Means for CRWV Stock Here.
Palantir Is Set to Deliver Strong Q2. ******* ysts See 60% Upside Potential for PLTR Stock.
Earnings, PMI and Other Key Things to Watch this Week
#analyst
1 month ago
The WNBA's momentum, which started gaining steam with Caitlin Clark's arrival in the 2024 draft, has been unstoppable. Heading into the 2026 season, ESPN's VP of women's sports programming and espnW, Susie Piotrkowski, spoke about the network's view of Clark as a "gateway drug" into women's sports.
"If that brought you in, I'm going to keep you here," Piotrkowski said.
Through the first half of the season, she, along with the WNBA's other media partners in its new 11-year, $2.2 billion media deal, have delivered. The league held its 2026 All-Star Weekend in Chicago over the weekend, and per a report from Austin Karp at Sports Business Journal, WNBA telecasts are up 12% compared to last season at the All-Star Break across its rights partners.
To Piotrkowski's credit, Clark has certainly been the biggest driver of that success, as the top seven broadcasts in the first half of the season all involved her Indiana Fever. Indiana's win over the New York Liberty on July 18, which averaged 2.58 million viewers, was the most-watched WNBA telecast ever on CBS, and the second-most-watched WNBA game this season, behind only Fever-Las Vegas Aces (2.64 million) on NBC and Peacock on July 12.
Unsurprisingly, Clark's ratings impact was also felt over All-Star Weekend.
#WNBA #sports #piotrkowski #clark
"If that brought you in, I'm going to keep you here," Piotrkowski said.
Through the first half of the season, she, along with the WNBA's other media partners in its new 11-year, $2.2 billion media deal, have delivered. The league held its 2026 All-Star Weekend in Chicago over the weekend, and per a report from Austin Karp at Sports Business Journal, WNBA telecasts are up 12% compared to last season at the All-Star Break across its rights partners.
To Piotrkowski's credit, Clark has certainly been the biggest driver of that success, as the top seven broadcasts in the first half of the season all involved her Indiana Fever. Indiana's win over the New York Liberty on July 18, which averaged 2.58 million viewers, was the most-watched WNBA telecast ever on CBS, and the second-most-watched WNBA game this season, behind only Fever-Las Vegas Aces (2.64 million) on NBC and Peacock on July 12.
Unsurprisingly, Clark's ratings impact was also felt over All-Star Weekend.
#WNBA #sports #piotrkowski #clark
1 month ago
In a major development, London-based streaming platform DAZN will have a major hand in distributing local NBA broadcasts to fans next season.
According to a report by Austin Karp in Sports Business Journal, "DAZN is close to acquiring full exclusive local broadcast rights next season" for five NBA teams formerly under contract with Main Street Sports Group, owner of the now-defunct FanDuel Sports Networks. Those teams are the Minnesota Timberwolves, Cleveland Cavaliers, Indiana Pacers, San Antonio Spurs, and Memphis Grizzlies. Additionally, DAZN is close to securing streaming-only arrangements with the Orlando Magic and "possibly" the Charlotte Hornets.
DAZN will also overtake what is now known as the Gotham Sports app, a joint streaming venture between YES Network and MSG Networks that sells access to local broadcasts for seven New York-area franchises — the Yankees, Knicks, Nets, Rangers, Islanders, Devils, and Sabres.
The news is a culmination of DAZN's nearly year-long effort to break into the local sports broadcast market in the United States. After initially considering a lifesaving merger or acquisition of Main Street, DAZN instead chose to allow the company to collapse and attempt to court local rights for franchises independently. The streamer initially struck out on every MLB team following Main Street's collapse, but is now set to own streaming rights for at least nine NBA clubs, with the possibility of adding the Washington Wizards as a tenth under a non-exclusive streaming deal, per Sports Business Journal.
With the NBA looking to launch a centralized local streaming hub ahead of the 2027-28 season, DAZN will reportedly sign deals that are either one season in length or have mutual opt-out clauses following the upcoming season as teams demand the flexibility to join the league's aggregated local rights solution when it launches. If DAZN or a team invokes an opt-out clause, it will reportedly pay a termination fee unless, in the team's case, DAZN fails to meet certain performance metrics.
#sports #Streaming #season
According to a report by Austin Karp in Sports Business Journal, "DAZN is close to acquiring full exclusive local broadcast rights next season" for five NBA teams formerly under contract with Main Street Sports Group, owner of the now-defunct FanDuel Sports Networks. Those teams are the Minnesota Timberwolves, Cleveland Cavaliers, Indiana Pacers, San Antonio Spurs, and Memphis Grizzlies. Additionally, DAZN is close to securing streaming-only arrangements with the Orlando Magic and "possibly" the Charlotte Hornets.
DAZN will also overtake what is now known as the Gotham Sports app, a joint streaming venture between YES Network and MSG Networks that sells access to local broadcasts for seven New York-area franchises — the Yankees, Knicks, Nets, Rangers, Islanders, Devils, and Sabres.
The news is a culmination of DAZN's nearly year-long effort to break into the local sports broadcast market in the United States. After initially considering a lifesaving merger or acquisition of Main Street, DAZN instead chose to allow the company to collapse and attempt to court local rights for franchises independently. The streamer initially struck out on every MLB team following Main Street's collapse, but is now set to own streaming rights for at least nine NBA clubs, with the possibility of adding the Washington Wizards as a tenth under a non-exclusive streaming deal, per Sports Business Journal.
With the NBA looking to launch a centralized local streaming hub ahead of the 2027-28 season, DAZN will reportedly sign deals that are either one season in length or have mutual opt-out clauses following the upcoming season as teams demand the flexibility to join the league's aggregated local rights solution when it launches. If DAZN or a team invokes an opt-out clause, it will reportedly pay a termination fee unless, in the team's case, DAZN fails to meet certain performance metrics.
#sports #Streaming #season
2 months ago
This as-told-to essay is based on a conversation with Jodi Lynn Karpes, a 52-year-old public relations professional who lives in West Palm Beach, Florida. It's been edited for length and clarity.
I'm 52, and I've been working in public relations for the last 25 years.
I immigrated to the US from South Africa five years ago, at age 47. When I moved to Florida, I left a country where I'd had my own business, GreenQueen PR, for about 17 years. After moving, I paused the business to look for full-time work.
The first job I found in Florida in 2021 had terrible pay, and I couldn't live on it long-term — I had to dip into savings each month. The next took about three months to find. It was a director-level role for a PR agency based in New York, and I worked remotely. That agency was a terrible fit, and I hated the job — so much so that I was having terrible nightmares. So I resigned in December 2025.
In Still in the Game, Business Insider is chronicling the realities of job hunting in your 50s — from overcoming age bias and navigating career transitions to rebuilding confidence, updating skills, and finding new opportunities in a competitive job market. Read more stories here, and share your own experience here.
I'm 52, and I've been working in public relations for the last 25 years.
I immigrated to the US from South Africa five years ago, at age 47. When I moved to Florida, I left a country where I'd had my own business, GreenQueen PR, for about 17 years. After moving, I paused the business to look for full-time work.
The first job I found in Florida in 2021 had terrible pay, and I couldn't live on it long-term — I had to dip into savings each month. The next took about three months to find. It was a director-level role for a PR agency based in New York, and I worked remotely. That agency was a terrible fit, and I hated the job — so much so that I was having terrible nightmares. So I resigned in December 2025.
In Still in the Game, Business Insider is chronicling the realities of job hunting in your 50s — from overcoming age bias and navigating career transitions to rebuilding confidence, updating skills, and finding new opportunities in a competitive job market. Read more stories here, and share your own experience here.
2 months ago
Palantir Technologies Inc. (NASDAQ:PLTR) is one of the top 10 AI stocks that will skyrocket.
On July 1, Alex Karp, the Chief Executive Officer of Palantir Technologies Inc. (NASDAQ:PLTR) highlighted the company's recent partnership with Nvidia Corp. (NASDAQ:NVDA) to provide safe AI services to U.S. government agencies, allies, and enterprises across the globe.
christina-wocintechchat-com-FVgECvTjlBQ-unsplash
In a CNBC interview, Karp said that the frontier AI model developers, Anthropic and OpenAI, have limited protections for their clients' intellectual property. Reflecting on trust issues that warfighters have with existing frontier AI model developers, he further stated:
"Then you have my enterprises in the private sector, who have the same issues like, 'why would they get access to my data if they're going to build my alpha? Why wouldn't I control the weights?' And that's where you get this partnership."
On July 1, Alex Karp, the Chief Executive Officer of Palantir Technologies Inc. (NASDAQ:PLTR) highlighted the company's recent partnership with Nvidia Corp. (NASDAQ:NVDA) to provide safe AI services to U.S. government agencies, allies, and enterprises across the globe.
christina-wocintechchat-com-FVgECvTjlBQ-unsplash
In a CNBC interview, Karp said that the frontier AI model developers, Anthropic and OpenAI, have limited protections for their clients' intellectual property. Reflecting on trust issues that warfighters have with existing frontier AI model developers, he further stated:
"Then you have my enterprises in the private sector, who have the same issues like, 'why would they get access to my data if they're going to build my alpha? Why wouldn't I control the weights?' And that's where you get this partnership."
2 months ago
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David Sacks said Palantir CEO Alex Karp was "exactly right" in warning enterprises against handing proprietary data to frontier AI labs.
Speaking on the All-In Podcast episode aired Friday, Sacks said the real meaning of AI safety for enterprises is control over their compute, models, data stack and proprietary knowledge, or "alpha." He argued that frontier labs risk absorbing clients' know how and eventually turning it into competing products, leaving companies exposed if they do not own their AI infrastructure outright.
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David Sacks said Palantir CEO Alex Karp was "exactly right" in warning enterprises against handing proprietary data to frontier AI labs.
Speaking on the All-In Podcast episode aired Friday, Sacks said the real meaning of AI safety for enterprises is control over their compute, models, data stack and proprietary knowledge, or "alpha." He argued that frontier labs risk absorbing clients' know how and eventually turning it into competing products, leaving companies exposed if they do not own their AI infrastructure outright.
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A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
2 months ago
We're about midway through the current World Cup, but much of the media discussion has already shifted focus to 2030, when the next World Cup is scheduled to take place.
That's because FIFA have yet to open the bidding process for U.S. broadcast rights to the 2030 World Cup. That process, according to a recent Puck interview with Fox Sports CEO Eric Shanks, is likely to begin in the next six to eight months as FIFA try to capitalize on the afterglow of a wildly successful home tournament.
The 2030 tournament, set to be held primarily in Spain, Portugal, and Morocco, is expected to yield a much higher rights fee than the reported $485 million Fox is paying to air this edition, a favorable price awarded on the basis of a no-bid contract due to the 2022 World Cup in Qatar being moved to November and December.
Given the ratings success of this year's tournament (and perhaps the commercial value of FIFA's new hydration breaks), the market for 2030 World Cup rights is expected to be robust. And now, we know at least one broadcaster has already had conversations with FIFA about obtaining English-language rights in the United States.
According to a report by Austin Karp in Sports Business Journal, NBC has "had conversations already" with FIFA about securing both English and Spanish-language broadcast rights to the 2030 World Cup. NBC-owned Telemundo is the current Spanish-language broadcaster for the event, and similarly has its contract expire following the conclusion of the 2026 tournament.
That's because FIFA have yet to open the bidding process for U.S. broadcast rights to the 2030 World Cup. That process, according to a recent Puck interview with Fox Sports CEO Eric Shanks, is likely to begin in the next six to eight months as FIFA try to capitalize on the afterglow of a wildly successful home tournament.
The 2030 tournament, set to be held primarily in Spain, Portugal, and Morocco, is expected to yield a much higher rights fee than the reported $485 million Fox is paying to air this edition, a favorable price awarded on the basis of a no-bid contract due to the 2022 World Cup in Qatar being moved to November and December.
Given the ratings success of this year's tournament (and perhaps the commercial value of FIFA's new hydration breaks), the market for 2030 World Cup rights is expected to be robust. And now, we know at least one broadcaster has already had conversations with FIFA about obtaining English-language rights in the United States.
According to a report by Austin Karp in Sports Business Journal, NBC has "had conversations already" with FIFA about securing both English and Spanish-language broadcast rights to the 2030 World Cup. NBC-owned Telemundo is the current Spanish-language broadcaster for the event, and similarly has its contract expire following the conclusion of the 2026 tournament.
2 months ago
It seemed inevitable whether Comcast opted to spin out NBCUniversal or not, but it appears as if the NBC Sports-branded regional sports networks are destined to unwind from the media company currently operating them.
As was initially reported by Matt Gelb in The Athletic on Monday, the remaining NBC Sports Regional Networks are in flux as NBCUniversal looks to continue its divestment in the regional sports network business. The news comes as Comcast announced it plans to separate NBCUniversal from its telecom business in about a year’s time.
NBC has moved to exit the regional sports network industry for some time now, shuttering or otherwise offloading a handful of its networks over the last decade and change as the headwinds of the cable business and ever-increasing rights fees for live sports have put the squeeze on such operations. Fewer and fewer traditional regional sports networks continue to exist, and many teams are looking elsewhere — to streaming, over-the-air networks, or yet-launched consolidated hubs — for the future of their local media rights revenues.
For NBC, unwinding the rest of its regional sports network operations might be a bit tedious as many of the franchises that remain tied to the networks also own stakes in their respective network. That has long been common practice in the regional sports network business, but certainly complicates a sale process, particularly when these networks are paying rights fees that are now likely seen as above market-rate.
According to a report by Austin Karp in Sports Business Journal, “team ownership” will be a “complicating factor” as NBC likely looks to sell its regional sports networks. The San Francisco Giants, Boston Celtics, and Philadelphia Flyers all have ownership stakes in the networks airing their local broadcasts.
As was initially reported by Matt Gelb in The Athletic on Monday, the remaining NBC Sports Regional Networks are in flux as NBCUniversal looks to continue its divestment in the regional sports network business. The news comes as Comcast announced it plans to separate NBCUniversal from its telecom business in about a year’s time.
NBC has moved to exit the regional sports network industry for some time now, shuttering or otherwise offloading a handful of its networks over the last decade and change as the headwinds of the cable business and ever-increasing rights fees for live sports have put the squeeze on such operations. Fewer and fewer traditional regional sports networks continue to exist, and many teams are looking elsewhere — to streaming, over-the-air networks, or yet-launched consolidated hubs — for the future of their local media rights revenues.
For NBC, unwinding the rest of its regional sports network operations might be a bit tedious as many of the franchises that remain tied to the networks also own stakes in their respective network. That has long been common practice in the regional sports network business, but certainly complicates a sale process, particularly when these networks are paying rights fees that are now likely seen as above market-rate.
According to a report by Austin Karp in Sports Business Journal, “team ownership” will be a “complicating factor” as NBC likely looks to sell its regional sports networks. The San Francisco Giants, Boston Celtics, and Philadelphia Flyers all have ownership stakes in the networks airing their local broadcasts.
2 months ago
PLTR has fallen 36% year to date, but 24/7 Wall St. rates it a BUY with a $150 price target implying 32% upside.
Q1 2026 revenue surged 85% year over year to $1.6 billion, with CEO Alex Karp calling AIP demand supply-constrained.
Trading at 131x trailing earnings leaves no room for error, though even the bear-case target sits 20% above current levels.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Palantir didn't make the cut. Grab the names FREE today.
Palantir (NASDAQ:PLTR) has been one of 2026's most punished AI winners, sliding from a December peak near $183.25 to roughly $113.50. After running the numbers, I think that pullback has overshot the fundamentals.
Q1 2026 revenue surged 85% year over year to $1.6 billion, with CEO Alex Karp calling AIP demand supply-constrained.
Trading at 131x trailing earnings leaves no room for error, though even the bear-case target sits 20% above current levels.
Act now: the ****** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Palantir didn't make the cut. Grab the names FREE today.
Palantir (NASDAQ:PLTR) has been one of 2026's most punished AI winners, sliding from a December peak near $183.25 to roughly $113.50. After running the numbers, I think that pullback has overshot the fundamentals.
2 months ago
Red Sox Legend Will Return To Fenway Park To Call Yankees Showdown originally appeared on NESN. Add NESN as a Preferred Source by clicking here.
Red Sox royalty will be in the broadcast booth Sunday for the final game of Boston's four-game series with the New York Yankees at Fenway Park.
Sports Business Journal's Austin Karp reports seven-time Cy Young Award winner Roger Clemens is returning to his old stomping ground to be a broadcast booth ****** yst on NBC's "Sunday Night Baseball."
"The longtime MLBer, who was repped by The Montag Group in making the deal happen, will be the Yankees ****** yst for the game, while Will Middlebrooks will be the Red Sox ****** yst," Karp writes. "Jason Benetti will be on play-by-play. Bob Costas will host the studio show for NBC, with Anthony Rizzo as ****** yst.
"Clemens has done 'SNB' as a guest ****** yst before, having jumped on the 'KayRod' alt-cast in 2022 on ESPN2 alongside Barry Bonds," Karp adds.
Red Sox royalty will be in the broadcast booth Sunday for the final game of Boston's four-game series with the New York Yankees at Fenway Park.
Sports Business Journal's Austin Karp reports seven-time Cy Young Award winner Roger Clemens is returning to his old stomping ground to be a broadcast booth ****** yst on NBC's "Sunday Night Baseball."
"The longtime MLBer, who was repped by The Montag Group in making the deal happen, will be the Yankees ****** yst for the game, while Will Middlebrooks will be the Red Sox ****** yst," Karp writes. "Jason Benetti will be on play-by-play. Bob Costas will host the studio show for NBC, with Anthony Rizzo as ****** yst.
"Clemens has done 'SNB' as a guest ****** yst before, having jumped on the 'KayRod' alt-cast in 2022 on ESPN2 alongside Barry Bonds," Karp adds.
10 months ago
Palantir (PLTR) CEO Alex Karp warned that in large swaths of the artificial intelligence market, the cost to build the technology may not be worth it.
His comments came as investors have grown increasingly concerned over whether companies' billions of dollars in AI spending will pay off.
"So there's really two AI markets from Palantir's perspective: [One is] people using AI — call it enhanced intelligence to do basic things — but things that are not sophisticated enough so that they would change your revenue or margins," Karp said in an interview at Yahoo Finance's Invest event when asked ab
His comments came as investors have grown increasingly concerned over whether companies' billions of dollars in AI spending will pay off.
"So there's really two AI markets from Palantir's perspective: [One is] people using AI — call it enhanced intelligence to do basic things — but things that are not sophisticated enough so that they would change your revenue or margins," Karp said in an interview at Yahoo Finance's Invest event when asked ab
