Not every business leader is thrilled about the direction of the AI industry. In fact, Palantir CEO Alex Karp believes too much reliance on the industry, particularly for national security, is “effing insane.”

In an interview with CNBC to promote his company’s new partnership with Nvidia, Karp accused AI companies of imposing a “wealth tax” on businesses by charging high fees for their tools, while also collecting valuable data that could improve their models.

“This is the voice of American business that is being channeled through me,” he said Wednesday, suggesting other CEOs are privately expressing similar feelings toward AI companies.

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Investing platform Robinhood unveiled Robinhood Chain, the company’s own blockchain that it described as “AI-native and purpose-built for real-world assets.”

OpenAI is in talks with the Trump administration to potentially grant the U.S. government a 5% stake in the company, in a proposal that reportedly calls for other AI giants to grant the government a similar stake, according to the Financial Times.

Tesla’s new electric Semi was involved in a crash earlier this week that killed two people, the first known fatal accident involving the carmaker’s newest model.

Continuing a 2026 job market trend, the healthcare industry drove private-sector employment growth in June, according to the latest data from ADP. Nearly half of all new jobs last month originated in the education and health services sector, but the labor market as a whole is experiencing a “slowdown” in job creation, ADP’s chief economist Nela Richardson said.

The U.S. lifted export restrictions on Anthropic’s Mythos models on Tuesday night, allowing the company to........

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