Palantir co-founder and CEO Alex Karp speaks during the Hill & Valley Forum at the U.S. Capitol Visitor Center Auditorium in Washington, D.C., on April 30, 2025.
The stock transactions occurred on Tuesday and Wednesday between $125.26 and $127.70 per share. Following the stock sales, Karp owned about 6.43 million shares of Palantir stock, worth about $787 million based on Thursday’s closing price.
The sales were connected to a series of automatic share sales to cover required tax withholding obligations tied to vesting restricted stock units, according to filings.
Other top executives at the Denver-based company also unloaded stock.
Chief Technology Officer Shyam Sankar sold about $21 million worth of Palantir stock, while co-founder and president Stephen Cohen dumped about $43.5 million in shares.
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Palantir shares have notched fresh highs in recent weeks as the company leapt above Salesforce in market value and into the top 10 most valuable U.S. tech firms.
The digital analytics company has benefited from bets on AI and a surge in government contracts as companies prioritize streamlining and President Donald Trump targets a federal overhaul with the Elon Musk-led Department of Government Efficiency.
The stock has outperformed its tech peers since the start of 2025, surging nearly 62%, but investors are paying a high multiple on shares.
In its earnings report earlier this month, the company lifted its full-year guidance due to AI adoption, but shares fell on international growth concerns.
“You don’t have to buy our shares,” Karp told CNBC as shares slumped. “We’re happy. We’re going to partner with the world’s best people and we’re going to dominate. You can be along for the ride or you don’t have to be.”
Two Amazon Prime Air MK30 drones collided with a crane on Oct. 2, 2025 in Tolleson, Arizona.
Courtesy: 12News
Amazon is facing federal probes after two of its Prime Air delivery drones collided with a crane in Arizona, prompting the company to temporarily pause drone service in the area.
The incident occurred on Wednesday around 1 p.m. EST in Tolleson, Arizona, a city west of Phoenix. Two MK30 drones crashed into the boom of a stationary construction crane that was in a commercial area just a few miles away from an Amazon warehouse.
One person was evaluated on the scene for possible smoke inhalation, said Sergeant Erik Mendez of the Tolleson Police Department.
“We’re aware of an incident involving two Prime Air drones in Tolleson, Arizona,” Amazon spokesperson Terrence Clark said in a statement. “We’re currently working with the relevant authorities to investigate.”
Both drones sustained “substantial” damage from the collision on Wednesday, which occurred when the aircraft were mid-route, according to preliminary FAA crash reports.
The Federal Aviation Administration and National Transportation Safety Board are investigating the incident. The NTSB didn’t immediately respond to a request for comment.
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The drones were believed to be flying northeast back-to-back when they collided with the crane that was being used for roof work on a distribution facility, Tolleson police said in a release. The drones landed in the backyard of a nearby building, according to the release.
The probes come just a few months after Amazon, in January, paused drone deliveries in Tolleson and College Station, Texas, temporarily following two crashes at its Pendleton, Oregon, test site. Those crashes also prompted investigations by the FAA and NTSB. The company resumed deliveries in March after it said it had resolved issues with the drone’s software, CNBC previously reported.
Amazon says its delivery drones are equipped with a sense-and-avoid system that enables them to “detect and stay away from obstacles in the air and on the ground.” The system also allows the aircraft to operate without visual observers over greater distances, the company said.
For over a decade, Amazon has been working to bring to life founder Jeff Bezos’ vision of drones whizzing toothpaste, books and batteries to customers’ doorsteps in 30 minutes or less. But progress has been slow, as Prime Air has only been made available in a handful of U.S. cities.
Amazon has set a goal to deliver 500 million packages by drone per year by the end of the decade.
Aravind Srinivas, chief executive officer Perplexity AI, during a news conference at the SK Telecom Co. headquarters in Seoul, South Korea, on Wednesday, Sept.4, 2024.
SeongJoon Cho | Bloomberg | Getty Images
Perplexity AI on Thursday announced that its artificial-intelligence-powered web browser Comet is available worldwide, and will be free to users.
The Comet browser is designed to serve as a personal assistant that can search the web, organize tabs, draft emails, shop and more, according to Perplexity. The startup initially launched Comet in July to Perplexity Max subscribers for $200 a month, and the waitlist has ballooned to “millions” of people, the company said.
Tune in at 8:10 a.m. ET Friday as Perplexity co-founder and CEO Aravind Srinivas joins CNBC TV to discuss the release of its AI browser Comet to users for free. Watch in real time on CNBC+ or the CNBC Pro stream.
Perplexity’s decision to provide Comet for free could help it attract more users as it works to fend off rivals like Google, OpenAI and Anthropic that have their own AI browser offerings.
In September, Google rolled out Gemini in its Chrome browser, Anthropic announced a browser-based AI agent in August and OpenAI announced Operator, an agent that uses a browser to complete tasks, in January. Perplexity made an unsolicited $34.5 billion bid for Google’s Chrome browser in August.
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Perplexity is best known for its AI-powered search engine that gives users simple answers to questions and links out to the original source material on the web. After the company was accused of plagiarizing content from media outlets, it launched a revenue-sharing model with publishers last year.
The company also introduced Comet Plus in August, which is a subscription that gives users access to content from “trusted publishers and journalists,” according to a blog post. Perplexity said Tuesday that CNN, Condé Nast, The Washington Post, Los Angeles Times, Fortune, Le Monde, and Le Figaro are its inaugural publishing partners.
Perplexity said additional features are also on the way. The company teased a mobile version of Comet and a feature called Background Assistant, which can work on multiple tasks simultaneously and asynchronously.