Palantir Revenue Doubles; CEO Calls AI Labs "Marxist"

Palantir posted Q2 2026 revenue of $1.9 billion, up 93% year-over-year. CEO Alex Karp's shareholder letter branded the AI industry "Marxist," accusing frontier labs of seizing partners' intellectual property. Enterprises, he wrote, are effectively funding labs to absorb their proprietary know-how into model training data.