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The chief executive of AI data mining company Palantir spent more than 10 minutes sparring with a protester over the company's technology being used in the Israel-Gaza war.
Alex Karp was attending a technology policy forum when he was interrupted by a protester.
“You’re getting wealthy off of killing Palestinians with your AI and technology. You’re killing my family in Palestine! What kind of person are you?” the demonstrator repeatedly yelled.
“Do you want to hear my answer?” Mr Karp responded, to which the demonstrator said, “Sure go ahead.”
Several laughs from the audience can be heard in the video, before the protester again responded.
“It's not funny, you're killing Palestinians. Your AI technology kills Palestinians,” she shouted, before Mr Karp quickly responded.
“Mostly terrorists that’s true.”
Last week's exchange lasted about 10 minutes and ultimately the protester was removed from the event, although another protester briefly shouted as well.
Mr Karp briefly acknowledged the sheer scale of death and tragedy in Palestine, but then segued the discussion into the defence of his company.
“The obvious solution to war is to have the West have strongest and most precise deadly weapons possible so we can minimise unnecessary deaths, and the best way you minimise those deaths is that you’re so strong that nobody attacks you,” he continued after the protester had been escorted.
“She believes I’m evil, and I believe she’s an unwitting product of an evil force, Hamas. She’s unwittingly part of their strategy. She’s a product,” he continued.
The Hill and the Valley Forum, where the argument ensued in Washington, describes itself as “private bipartisan community of lawmakers and innovators committed to harnessing the power of technology.”
Among those speaking at the forum were Nvidia chief executive Jensen Huang, Anthropic co-founder Jack Clark, and OpenAI chief product officer Kevin Weil, among others.
Mr Karp briefly addressed the criticisms leveled against his company with regard to defence contracts in a letter to Palantir shareholders issued shortly after the company announced its quarterly earning where he went as far as to quote former US President Richard Nixon.
"Always remember, others may hate you, but those who hate you don’t win, unless you hate them. And then, you destroy yourself," he wrote.
"We note only that our commitment to building software for the US military, to those whom we have asked to step into harm’s way, remains steadfast, when such a commitment is fashionable and convenient and when it is not.
In recent months, other recent technology exhibitions and conferences have been interrupted by protesters expressing dismay towards a technology executive working with the military.
Mustafa Suleyman, Microsoft's head of artificial intelligence, was interrupted in April by multiple protesters who criticised the company for having contracts with the Israeli military.
Videos posted on social media showed Mr Suleyman's speech coming to a halt as a woman in the audience shouts that he is a war profiteer.
“Stop using AI for genocide, Mustafa. Stop using AI for genocide in our region … 50,000 people have died. You have blood on your hands,” said the protester at the event on the Microsoft campus in Redmond, Washington state.
“All of Microsoft has blood on its hands. How dare you all celebrate when Microsoft is killing children? Shame on you all.”
That demonstrator, along with several others, were Microsoft employees and were later fired for interrupting the company's event.
In recent weeks some technology firms have been more overt about defending their various military contracts.
Last week, Scale AI’s co-founder and chief executive Alexandr Wang told the Centre for Strategic and International Studies (CSIS) in Washington that his company had a “moral imperative” to pursue work with the US military.
“We’re at the brink of this incredibly powerful new technology, and the applications for national security are obvious,” Mr Wang said during a discussion at the Centre for Strategic and International Studies (CSIS) in Washington. “It’s going to be imperative for the US to stay ahead.”
Israel's punishing campaign in Gaza – which followed the 2023 attacks by Hamas-led fighters that resulted in the deaths of about 1,200 people and the capture of 240 hostages – has killed more than 52,567 Palestinians in Gaza and injured about 118,610.
OPINIONS ON PALESTINE & ISRAEL
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Caused by a virus related to the one that causes human smallpox, camelpox typically causes fever, swelling of lymph nodes and skin lesions in camels aged over three, but the animal usually recovers after a month or so. Younger animals may develop a more acute form that causes internal lesions and diarrhoea, and is often fatal, especially when secondary infections result. It is found across the Middle East as well as in parts of Asia, Africa, Russia and India.
Falconpox
Falconpox can cause a variety of types of lesions, which can affect, for example, the eyelids, feet and the areas above and below the beak. It is a problem among captive falcons and is one of many types of avian pox or avipox diseases that together affect dozens of bird species across the world. Among the other forms are pigeonpox, turkeypox, starlingpox and canarypox. Avipox viruses are spread by mosquitoes and direct bird-to-bird contact.
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Houbarapox is, like falconpox, one of the many forms of avipox diseases. It exists in various forms, with a type that causes skin lesions being least likely to result in death. Other forms cause more severe lesions, including internal lesions, and are more likely to kill the bird, often because secondary infections develop. This summer the CVRL reported an outbreak of pox in houbaras after rains in spring led to an increase in mosquito numbers.
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Just as McDonald’s has the Big Mac, Jollibee has Spicy Chickenjoy – a piece of fried chicken that’s crispy and spicy on the outside and comes with a side of spaghetti, all covered in tomato sauce and topped with sausage slices and ground beef. It sounds like a recipe that a child would come up with, but perhaps that’s the point – a flavourbomb combination of cheap comfort foods. Chickenjoy is Jollibee’s best-selling product in every country in which it has a presence.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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