Palantir CEO Alex Karp buys the land from St Benedict's Monastery for $120 million

Tech mogul Alex Karp has acquired a vast 3,720-acre Colorado ranch for $120 million, previously owned by a declining monastery. The property, located near Aspen, comes with significant land and water rights. Despite strict local building regulations, Karp intends to use it as a personal residence for recreation. Meanwhile, Karp has voiced strong criticism of leading AI labs, citing corporate frustration with their focus on "tokenmaxxing" over practical business solutions.

By TOI TECH DESK