New Delhi, July 18 -- The rapid rise of artificial intelligence has transformed Palantir into one of the world's most valuable technology companies, lifting its market capitalization to around $322 billion and boosting CEO Alex Karp's personal fortune to an estimated $15 billion. Despite benefiting enormously from the AI boom, Karp has cautioned that the technology could dramatically widen the gap between the ultra-rich and the rest of society.

Speaking about AI's long-term economic impact, the 58-year-old executive said the technology could increase his own wealth by as much as 20 times, potentially taking his fortune to nearly $300 billion. By contrast, he suggested that many middle-class workers may only see their incomes double over ...