Nirav Modi further remanded in UK prison until August 22

• Alex Karp believes AI will make a handful of people vastly richer while average workers see far smaller gains.
• The Palantir CEO says the biggest winners from AI may be people most of society cannot relate to.
• Other business leaders and AI experts have also warned that the benefits of artificial intelligence could become heavily concentrated.

Artificial intelligence may improve living standards, but it could also create one of the widest wealth gaps in modern history. That is the warning from Palantir CEO Alex Karp, who believes the biggest financial rewards from the AI boom will flow to a small group of technology insiders rather than the wider public.

Karp's comments come as the AI industry continues to attract record investment, pushing the market values of technology companies to new highs. The debate over AI wealth inequality has also intensified, with business leaders and researchers questioning who will ultimately benefit from the technology's rapid growth.