{"id":123657,"date":"2025-09-06T06:31:09","date_gmt":"2025-09-06T06:31:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/123657\/"},"modified":"2025-09-06T06:31:09","modified_gmt":"2025-09-06T06:31:09","slug":"palantir-ceo-on-why-silicon-valley-over-hyped-ai","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/123657\/","title":{"rendered":"Palantir CEO on why Silicon Valley over-hyped AI"},"content":{"rendered":"<p>I could say artificial intelligence is overhyped and businesses that have tried implementing it are finding it useless. I could also say AI is already transforming industries in profound ways. Both statements would be correct.<\/p>\n<p>For a good illustration of why, look at Palantir, which had its annual AI conference on Thursday.<\/p>\n<p>I was first introduced to the company in 2012, while covering white-collar crime at The Wall Street Journal. Palantir was working with federal prosecutors and the SEC to <a href=\"https:\/\/www.reuters.com\/article\/business\/u-s-sec-s-newest-enforcement-weapon-powerful-software-idUSL1N0LV1LZ\/\" class=\"styles_linkEmbed__SNmaX\" rel=\"noopener nofollow\" target=\"_blank\">catch<\/a> insider traders by finding unusual patterns in trading data that humans missed.<\/p>\n<p>Nobody was calling it AI then, but it still seemed like magic. In reality, it was the result of painstaking work. Palantir had to send its \u201cforward deployed engineers\u201d in for each client to customize and tweak its software in what is often a trial-and-error saga that doesn\u2019t always work.<\/p>\n<p>When a breakthrough happened in large language models, it didn\u2019t mean Palantir could simply throw out the software it had spent a couple of decades building. It meant it had a new tool that could, under the right circumstances, expand the capabilities of existing products.<\/p>\n<p>If you believed tech company CEOs and AI doomers \u2014 that the technology had reached an inflection point and would soon surpass human intelligence \u2014 you might have thought Palantir was about to become irrelevant.<\/p>\n<p>Instead, the opposite has happened. Palantir was well-positioned to quickly adopt large language models because it had already built a lot of the existing infrastructure or had the muscles to do it.<\/p>\n<p>Companies that never would have hired Palantir thought they could shortcut the work and just use a glorified chatbot to get the same result.<\/p>\n<p>\u201cSilicon Valley totally effed up,\u201d said Palantir CEO Alex Karp, speaking at the event, \u201cin overhyping LLMs\u201d and promising artificial intelligence was right around the corner.<\/p>\n<p>But Karp isn\u2019t exactly underhyping the technology, either.<\/p>\n<p>\u201cAn LLM is a raw material that has to be processed, and the processing of the LLM will change America and change the world,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"I could say artificial intelligence is overhyped and businesses that have tried implementing it are finding it useless.&hellip;\n","protected":false},"author":2,"featured_media":123658,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,61],"class_list":["post-123657","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ca","tag-canada","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/123657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=123657"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/123657\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/123658"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=123657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=123657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=123657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}