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Palantir CEO Alex Karp has criticized leading AI labs like OpenAI and Anthropic for allegedly pressuring enterprises to hand over intellectual property. Karp argued that businesses must retain ownership of their own models and data rather than becoming dependent on frontier AI providers. He also contended that current AI models are failing to deliver real practical value for enterprises. Despite his criticism of the broader AI industry, Palantir posted strong year-over-year revenue growth. His remarks come as both OpenAI and Anthropic are reportedly preparing for public listings.
RBI Governor has supported the proposal to introduce a Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, stating that the cost of processing payments must be borne by someone. Official estimates suggest that the Rs 2,000 threshold would affect only about 5% of all UPI transactions by volume, though these represent nearly 65% of the total transaction value on the platform. Everyday low-value payments such as those for milk, vegetables, groceries, and auto or taxi rides are expected to remain unaffected. UPI recorded 23.7 billion transactions worth Rs 29.9 lakh crore in July alone, underscoring the scale of the platform's usage.
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