Palantir, Lumen Partner in Multi-Year Deal Worth ~$200M to Accelerate Enterprise AI Deployment

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the stocks that should double in 3 years. On October 23, Lumen Technologies Inc. (NYSE:LUMN) and Palantir Technologies announced a new multi-year partnership designed to accelerate the secure and rapid deployment of AI within businesses.

Palantir, Lumen Partner in Multi-Year Deal Worth ~$200M to Accelerate Enterprise AI Deployment

The partnership will integrate Palantir’s foundry and AI platform with Lumen’s connectivity fabric, which is a digital networking solution for bridging the gap between advanced AI capabilities and high-performance network infrastructure required for enterprise AI transformation. Bloomberg reported that Lumen has agreed to spend ~$200 million on Palantir software over a period of several years.

Palantir Technologies Inc. (NASDAQ:PLTR) builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations in the US, the UK, and internationally.

Lumen Technologies Inc. (NYSE:LUMN) is a networking company that provides integrated products and services to business and mass customers in the US and internationally

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Disclosure: None. This article is originally published at Insider Monkey.