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Alex Karp is half right: most AI spend creates no value. Here is why.

AI strategy

Alex Karp is half right: most AI spend creates no value. Here is why.

Palantir's Alex Karp says businesses are paying for tokens that create no value. He is right about the problem and wrong about the cause. What mid-market operators should actually take from the meltdown.

July 3, 2026 · 8 min read