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Palantir Stock Jumps 9% After CEO Slams Token Pricing

7/2/2026

23 4 Full Breakdown

Summary

Karp Slams Pricing

Alex Karp, Palantir CEO, told CNBC OpenAI’s and Anthropic’s per-token pricing is broken, causing firms to burn millions on inference with no ROI, a practice he called “tokenmaxxing.”
He promoted models like Meta’s Llama 3 and a Nvidia deal to supply Nemotron models to U.S. agencies.
His remarks lifted Palantir stock 9% on Wednesday, though the shares are down 34% YTD while Nvidia is up about 7%.

Summary

Trump Regulates AI

President Donald Trump issued a June executive order requiring federal oversight of new AI models before public release.
The Pentagon signed a deal with OpenAI to supply its latest models for defense, despite a dispute with Anthropic.
The Commerce Department removed export bans on Anthropic’s Claude Fable 5 and Mythos 5 models.
OpenAI said broader access will follow a limited preview for a small group of government-approved trusted partners.

History

Historical Context

June 2018 saw the Pentagon create the Joint Artificial Intelligence Center, the first major U.S. defense AI procurement, extending Chuck Hagel’s 2014 “Third Offset” call for AI-driven warfare. DoD AI funding grew to $7.4 billion by 2016, and the initiative has fed projects like Project Maven as the U.S.–China AI arms race intensifies.

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Karp Slams Pricing

Alex Karp, Palantir CEO, told CNBC OpenAI’s and Anthropic’s per-token pricing is broken, causing firms to burn millions on inference with no ROI, a practice he called “tokenmaxxing.”
He promoted models like Meta’s Llama 3 and a Nvidia deal to supply Nemotron models to U.S. agencies.
His remarks lifted Palantir stock 9% on Wednesday, though the shares are down 34% YTD while Nvidia is up about 7%.

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