Palantir Co-Founder Joe Lonsdale Concurs On AI Not Driving Immediate Growth: 'We've Failed So Far Because It's Not Impacting The Entire Economy Right Away'

Quick Summary:

Joe Lonsdale, co-founder of Palantir Technologies Inc.(NYSE:PLTR) and founding partner of 8VC, on Thursday, shared his thoughts on current market trends, the influence of AI on businesses, and the future of big tech.

What Happened: While appearing on CNBC’s Squawk Box, Lonsdale spoke about the success of Palantir in the face of market volatility, attributing it to the effective implementation of AI.

In response to a question about the potential of AI, Lonsdale agreed that immediate growth gains may not be apparent.

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Author / Journalist: Ananya Gairola

Category: Technology

Markets: United States

Topics: Benzinga neuro Stories That Matter News US0378331005 Benzinga Media AAPL Joe Lonsdale Economics Markets Artificial intelligence MSFT US5949181045 PLTR Tech Consumer Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-09 @ 02:20:57 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21994272

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