Americans are being monitored more closely by private companies than by government, and should worry about that rather than a new "surveillance state," Palantir co-founder and CEO Alex Karp told "The Axios Show."

Why it matters: Palantir, which sells software for AI-driven decisionmaking, has become a target for some in both parties who worry about a too-powerful government.

What he's saying: Karp said that for all the discourse around government surveillance, "no one seems to care" that "98%" of the actual day-to-day monitoring of Americans' activities is done by companies — often "because they want to sell us, like, cornflakes." • "That's the reality of life in the West," Karp told Axios' Mike Allen. "That is where the problem is."

Friction point: Karp argued that "pattern of life"

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