Karp Says Frontier AI Labs Are Stealing Enterprise Value And VCs Are Listening

Karp has an obvious incentive to argue that the application and governance layer matters more than the model underneath it, since that is exactly the layer Palantir sells. The sharper read is not whether he is right, but that his timing, right as OpenAI and Anthropic are both tangled in government approval fights, makes the pitch land harder than it would have three months ago. Treat this as a competitor's manifesto dressed up as market analysis.