Palantir stated on Thursday it had struck a partnership with Lumen Applied sciences that may see the telecommunications firm utilizing the information administration firm’s AI software program to construct capabilities to help enterprise AI companies.
The businesses are calling the deal “a multi-year, multi-million-dollar strategic partnership,” however Bloomberg experiences, citing nameless sources, that Lumen goes to spend over $200 million on Palantir’s tech over the course of a number of years.
The settlement will see Lumen pairing Palantir’s Foundry and Synthetic Intelligence Platform (AIP) with its personal edge computing, broadband infrastructure, and different digital companies.
The partnership comes as Lumen tries to rework itself from a conventional telecom supplier right into a extra trendy tech infrastructure play. The corporate in September stated it was “collaborating” with Palantir to combine the latter’s Foundry and AI software program and companies into its operations, finance, and expertise capabilities, “to rework its community and companies with pace.”
Whereas Lumen wouldn’t affirm the deal worth, its spokesperson Joe Goode informed iinfoai in an e mail that the corporate’s use of Palantir’s tech was a “materials contributor” to reaching $350 million in price reductions in 2025. He added that what the businesses discovered throughout that collaboration knowledgeable their determination to take their partnership to the enterprise market. Lumen has dedicated to decreasing bills by $1 billion by 2027, and it says it’s already forward of plan.
“Palantir demonstrated that its Foundry and AIP platforms may unlock Lumen’s knowledge sooner and cheaper than conventional data-lake migrations, and collectively we’re pursuing options to assist massive enterprises do the identical,” Goode stated.
For Palantir, that is the newest in a protracted string of offers for which it has partnered up with firms and authorities organizations of all stripes to promote its AI services and products. Together with the Lumen deal, Palantir has struck 19 partnerships this yr alone, throughout aviation, healthcare, telecom, contract administration, knowledge administration, protection, and extra sectors.
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“By bringing AI into real-world operations by a linked ecosystem, we’re empowering companies to reinvent how they function, compete, and develop,” Kate Johnson, CEO of Lumen Applied sciences, stated in an announcement.
Palantir didn’t instantly reply to a request for remark.
