In a recent earnings call, Palantir Technologies Inc. (NYSE:PLTR) CEO Alex Karp made a bold assertion that the company has no competitors in the U.S. commercial and government sectors. What Happened: Karp, during the first-quarter 2024 earnings call, dismissed the notion of any competitors in the U.S. commercial and government markets. He stated that potential rivals are merely trying to replicate Palantir’s unique capabilities but are not on the same level as Palantir. “I don’t believe we have competitors. So, I don’t believe in the U.S. commercial market we have competition. I don’t believe in the U.S. government market we have competition,” Karp said. “In order to actually make AI work, you need an ontology. No one has an ontology,” Karp stated. “You’d have to actually understand what is special about the software infrastructure of having the combination of Apollo, Foundry, and the ontology. And then you would have to build on top of it.” Karp ...