• Palantir’s third-quarter earnings beat Wall Street’s expectations.

• CEO Alex Karp said revenue growth was driven by demand for AI in the United States.

• Karp also called out critics who might have been skeptical of him.

Palantir CEO Alex Karp took a victory lap Monday as the company reported strong third-quarter earnings.

The secretive data analytics and software company beat Wall Street expectations for revenue and earnings per share, sending the stock up more than 13% in after-hours trading. Revenue in the United States increased by 44% year-on-year.

“We completely gutted this quarter, driven by relentless demand for AI that will not slow down,” Karp, who co-founded Palantir in 2003, said in an earnings release. “This is a US-led AI revolution that has come into its own. The world will be divided into AI haves and have-nots. At Palantir, we plan to feed the winners.”

In an earnings conference call following the report’s release, Karp said the company’s growth was largely due to strong revenue growth. AI application of their American government and commercial customers. The company provides AI tools to the US military and other US allies.

“Given the strength of our results, I almost feel like we should just go home,” he said at the start of his speech, adding that the company had previously encountered a lot of skepticism.

Karpe also called out critics who were unsure of him in particular, saying on the call: “Instead of going to every meeting saying, ‘Oh, yeah, Palantir is great, but their fearless leader is completely crazy, and he could go home.” commune in New Hampshire, no matter what we say, it’s now that yes, the products are the best and we have great products.

Karp has been CEO of Palantir since 2004. He has earned a reputation as an eccentric leader in Silicon Valley and is known as a wellness fanatic who works out of a barn in New Hampshire.

In a letter to shareholders accompanying the earnings report, Karp said the U.S. market remains the core of Palantir’s business.

“This is where we’ve seen institutions respond most quickly to the promise of artificial intelligence, as businesses and government agencies race to implement the technical infrastructure needed to unleash the power of language models through their proprietary and most valuable data sets,” he said. .

The CEO added that Europe was “left behind” in AI innovation and had to adapt or “risk ruin.”

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