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AI & Enterprise

Palantir CEO says firms should shift to open-weight models instead of wasting tokens

Palantir CEO Alex Karp (알렉스 카프) warned that AI costs are surging and criticised token-based pricing used by Anthropic and OpenAI, CNBC reported. He said U.S. companies are wasting time by spending tokens without much thought and should focus on return on investment. Some companies are adopting open-weight models that can deliver similar work at much lower cost. Palantir also announced an expanded partnership with Nvidia.

AI & Enterprise

Big Short\'s Michael Burry resumes Tesla short, targets Nvidia and semiconductor ETF

Investor Michael Burry, known as the real-life figure behind the film \'The Big Short\', disclosed a new short position in Tesla at $416.22 as part of a broader wager against what he called overheating in AI and semiconductors. He also listed shorts in Caterpillar, Nvidia, iShares Semiconductor ETF and Applied Materials. He did not disclose the size or structure of the Tesla position. Burry argued semiconductor valuations are at an extreme level.

Industry

Govt unveils \'K-Palantir\' strategy, targets five unicorns by 2030

South Korea\'s Ministry of SMEs and Startups, the Defence Ministry and the Korea Aerospace Administration said they will foster five new security companies valued at 1 trillion won or more and 50 innovation firms with sales of at least 100 billion won by 2030. The government plans to designate strategic areas such as drones, defence AI and semiconductors, space and cyber security. It will also revamp procurement, expand R&D funding and set up a Korea-style In-Q-Tel.