Karp attacks the frontier AI business model

$PLTR CEO Alex Karp took direct aim at frontier AI labs.
His argument is simple: enterprises are paying huge token bills, but many are not seeing enough real business value.
He also questioned why the labs charge by token if the product is supposedly creating billions of dollars of value.
That cuts to the core of the AI business model.
If AI really transforms an enterprise, value-based pricing should be possible.
If it only sells compute consumption, token pricing tells you what the product really is.
Karp is making the case that the next AI winners will not just be model labs.
They will be companies that connect AI to workflows, protect enterprise data, enforce policies, and deliver measurable outcomes.