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May 6, 2026

Palantir Co-Founder SNAPS With Insane AI Regulation Claims As Argument Unravels

Palantir co-founder Joe Lonsdale's argument against AI regulation unravels as he and others, including Kash Patel and Jamie Dimon, try to avoid giving any specific examples to back up their major claims. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below!
  • 6 minutes
I have been trying for over two years, feels like 20 years, to get people to understand how wildly shady and purely fueled by hype so many of the new quote unquote technologies and advancements we're seeing the tech world uh have been. So that's obviously the vast majority of AI, but also the prediction markets as well. So I'm going to present a few more, [00:00:20] I think, awesome pieces of evidence. And then you tell me what you think. We're going to start off with the co-founder of uh Palantir. who obviously loves AI and doesn't love government regulation. Because government regulation is the only thing standing between him and his dystopic company from setting up basically a cyberpunk future for America. So here he [00:00:40] is being asked about regulation. Listen, the FDA has killed millions of people. Let's be totally clear, right? if there's killed, killed, it has literally led to the deaths of millions of people, Andrew. Because basically there's all these new therapies, especially now, by the way, with AI. We could be developing. Let's also hopefully save some money. I like to believe- [00:00:59] trade-off's like probably 100 to 1, right? So there's a very famous story from 60 years ago where they caught some stuff that was killing people in Europe and saved them here. And then they've used that as an excuse to make this massive bureaucracy that makes it cost 10 or 100 times more to do drugs than it should. Which means there's tons of these new drugs you could [00:01:14] be developing to save lives, they were just not able to do. I would be investing billions more to save lives, but I can't. So the equivalent is terrifying to me. Yeah, yeah, Joe Lonsdale would just love to develop all these treatments and everything. just I can't, FDA, it's so [00:01:29] expensive. That's why famously, nobody makes money developing and selling drugs. Pharmacists, they're just begging for change in the streets. They're not some of the wealthiest people in companies in the world. What are you talking about, you jackass? And by the way, the regulations- [00:01:47] Do you know what they would be pumping into these pills if the FDA wasn't watching? If psychopathic ghouls like Joe Lonsdale were in charge of these companies? That's basically the situation we have now with the regulations. But this is a guy who doesn't want there to [00:02:05] be any government effectively. He wants companies like Palantir to just have control of everything. And so what is he comes out and says, the FDA has killed millions of people. I'm not going to provide a citation or anything, but doesn't it feel good the idea that bureaucracies killed millions of people? That they've already killed millions of people and also because [00:02:24] they're regulating AI, which is not a thing that's happening. But let's pretend that they're regulating AI. That's why AI isn't developing all these treatments that's saving millions of people. So they've again killed millions of people. That is what he just said on was [00:02:40] it CNBC or whatever? That is utter madness. If AI had generated some sort of medical treatment that was saving tons of people's lives, don't you think you would be thinking of that one right now? Don't you think they would have put it into an advertisement? I think I would [00:02:57] have read an article somewhere about it. It's not happening because AI thus far is not capable of doing that. What it is capable of doing in the absence of government regulation and fueled by endless hype is make people like Joe Lonsdale a lot of money. okay, through [00:03:15] hyped investment in Wall Street and also massive government contracts going to companies like Palantir, regardless of whether they can deliver literally anything. And it's easier to pretend that you're delivering something and not have to actually deliver when the government really isn't looking into it, let alone regulating it. So that's Palantir. And by the way, that's [00:03:35] sort of like just baseless vague. allusion to AI accomplishing great things without any citations is becoming pretty common. FBI Director Cash Patel just came out and claimed that AI has stopped school shootings. I'm using it everywhere. Again, I am pretty confident that if they had [00:03:55] stopped a school shooting, thanks to Grok or whatever, they would have done a press conference. What prompt do you type into chat GPT like, hey, are there any people about to shoot up a school or whatever? No, man, no, you have some intelligence, you have some scanning of [00:04:12] social media, and you know what? You had that before anthropic or whatever, it has nothing to do with AI. And so, in the absence of achievements, some people like me might think, should we be investing trillions of dollars into these data centers that's wrecking our [00:04:30] environment, driving up our electricity costs, using all of our water, destroying people's property values? Or maybe that's just peasant thinking because the truly intelligent people, the rich adults in the room, they're saying it's totally worth it, totally awesome. And here I point to JP Morgan Chase CEO, Jamie Dimon, who says, the technology is so powerful, [00:04:49] it's worth the trillion dollar investment. He was at an event with Anthropic, and he stood next to Dario uh Amadei, the CEO of it, to say that this AI build out is worth every one of the trillions of dollars they're investing in it. And why wouldn't he believe that? The [00:05:05] dollars are going to him. It's going to Anthropic. They're making massive money fueled by the bubble that we're in right now. They profit more and more the longer the bubble goes before it bursts. And by the way, even if it bursts, this is Jamie Dimon. I'm sure he's quite [00:05:23] confident that if it bursts, people like him and the CEO of Anthropic are going to be bailed out. That's literally what happened the last time Jamie Dimon was inflicted on our society. It's certainly gonna happen if Trump is in charge when the bubble bursts and probably if a Democrat is too. And so they make money either way if the bubble maintains, they're making bank. [00:05:44] And if it bursts, they're just going to be bailed out anyway. And so you'll forgive me if I have to take with a massive grain of salt that I think is well deserved their advice to just sit there and let them cover America with their stupid data centers. You know what to it has always been about taking on the corrupt greedy establishment. For us, it's the corporate media. [00:06:04] We've been fighting that fight for over 20 years. 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The Damage Report: May 6, 2026

Hosts: John Iadarola   Guests: Sharon Reed