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