The Real Reason AI Tokens Are So Cheap (ft. Palantir's Chad Wahlquist)

When you use an AI model, who really owns the data you feed it? Chad Wahlquist, an engineer at Palantir, argues that most companies are quietly giving away their most valuable asset and may even be training their own competition. He joins Evan to break down the real reason AI tokens are so cheap, what "data sovereignty" actually means, why some companies are pulling their data back on-prem, the liability questions nobody has answered yet, and how Palantir's whole approach to selling software is built differently from the rest of the industry. Subscribe to our FREE Newsletter: https://marketmadness-newsletter.beehiiv.com/ ▶ Follow Chad Wahlquist: X: https://x.com/chadwahl ▶ Follow WOLF Financial: X: https://x.com/WOLF_Financial Instagram: https://www.instagram.com/wolffinancial_official/ This content is for informational purposes only and does not constitute investment advice. The views expressed by guests are their own and do not necessarily reflect those of WOLF Financial. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. 00:00 Intro: Chad's path from Tyson Foods to Palantir 04:00 Why Palantir is engineering-first with almost no salespeople 07:00 The boot camps: building live on your data in days 11:00 Why Palantir has no price list (and takes on the risk) 15:00 AIPCon and the customer network effect 19:00 The sovereignty question: who owns your data? 22:00 The real reason AI tokens are so cheap 26:00 Structural vs contractual sovereignty 29:00 Why companies are buying defunct firms for their data 32:00 A message for retail investors