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Palantir Technologies Inc. (NYSE:BelterAmazon CEO Alex Karp has linked the rise of former President Donald Trump to the actions of Silicon Valley.
What happened: In a wide-ranging interview with The New York Times, Karp suggested that Trump’s rise was a direct result of Silicon Valley’s “excesses.”
He specifically pointed to the tech moguls’ disconnect from the average American and their support for policies that exempt them from bearing the costs.
“I don’t think the Trump phenomenon would exist without the excesses of Silicon Valley,” he said.
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Karp, who initially supported President Joe Biden before switching to Vice President Kamala Harris, also criticized the tech industry’s lack of accountability and divisive content on its platforms.
Palantir, founded in 2003 by Karp and Peter Thiel, provides data mining and analytics software to government and law enforcement agencies, including the Department of Defense, the FBI and the CIA. The company also provides AI models to military forces, including those of Israel and Ukraine.
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Why is this important: The timing of Karp’s comments is significant as Palantir has been in the spotlight recently. The company’s shares surged after reporting strong second-quarter earnings and announcing a new partnership with Microsoft Corp. The collaboration aims to enhance data analytics and artificial intelligence services for the U.S. defense and intelligence community.
Moreover, the broader context of Silicon Valley’s political influence is evident in Mark Cuban’s recent remarks. Cuban has criticized the tech industry’s desire to put Trump in the shoes of the country’s CEO.
The political landscape is further complicated by businessman David Sachs, who has hosted a fundraiser for Trump. Sachs, who has backed a variety of political figures, believes the recent legal challenges to Trump will only bolster his support.
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This article Palantir CEO Alex Karp says Trump’s rise is tied to Silicon Valley’s ‘excesses’: ‘I don’t think you’d get the Trump phenomenon without…’ Originally appeared on Benzinga.com
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