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Palantir cofounder says AI panic is overdone as the company rides 93% revenue growth

Joe Lonsdale said the world will be 'alright' and that leaders should not scare people about advanced AI. Palantir, meanwhile, is still benefiting from enterprise software demand and lucrative U.S. government contracts.
SEP 14, 2026
Photo: Imagen generada con IA

Joe Lonsdale, the cofounder of Palantir, tried to cool fears over advanced AI on Saturday, saying: 'The world is going to be alright, guys.' He added: 'Leaders have big responsibilities and challenges ahead, but it doesn't help to scare everyone. We are on top of it.'

His comments came as several AI leaders warned in recent days and weeks that frontier systems could create serious risks. Anthropic engineer Jacob Coxon quit the company this week and said frontier AI companies are 'gambling with our lives.' Anthropic CEO Dario Amodei said AI swarms could soon take over the entire internet and called for stricter safety rules and a global slowdown on AI development. Elon Musk, Sam Altman, Demis Hassabis and Clément Delangue said they agreed with Amodei.

Lonsdale has a history of taking a contrarian line. He founded the University of Austin in 2021 with Bari Weiss, and one of the school's core principles is 'the unhindered pursuit of truth without cancel culture.' In a 2017 interview, he said: 'It's not as much about the politics as it was about being contrarian. I've always relished standing out from the crowd, standing up and disagreeing with everyone.'

Palantir, the company he helped found and later left, builds AI software that helps governments and corporations analyze large amounts of data. It has several lucrative contracts with the U.S. government, and it credited 93% year-over-year revenue growth in Q2 to companies purchasing its enterprise software.

For founders and operators, the bigger point is simple: AI fear can become a policy and investment drag if it turns into reflexive overreaction. The market reward still goes to companies that ship useful software, win customers and keep margins moving in the right direction. Palantir's numbers show that demand for enterprise tools is still very real.

That does not mean safety is irrelevant. It means the next phase of AI will be decided by execution, not panic. Leaders who can balance risk, speed and commercial value will move faster than those who only add more alarm to the pipeline.

LK
Laura Kessler
Money Columnist

Laura Kessler covers capital, taxes, markets and the economy — a founder's guide to the numbers, from runway to revenue.

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