Palantir Soars 2% Following $200M AI Partnership with Lumen Technologies

Palantir Technologies stock rose 2% following a $200 million multiyear deal with Lumen Technologies, aimed at enhancing network operations using its Artificial intelligence solutions.

• On October 23, Palantir Technologies saw its stock increase by approximately 2% after announcing a commercial agreement worth over $200 million with Lumen Technologies.
• The multiyear partnership will involve Palantir providing its Foundry software and Artificial intelligence Platform to modernize Lumen Technologies network operations.
• This collaboration signifies a strategic move by Lumen Technologies to leverage advanced technology solutions, underscoring the growing importance of Artificial intelligence in network management.