Palantir Technologies Inc. (PLTR) Partners With Rackspace Technology

Palantir Technologies Inc. (NASDAQ:PLTR) is one of the Best Stocks to Buy and Hold For the Next 3 Years. On February 18, Palantir Technologies Inc. (NASDAQ:PLTR) announced its partnership with Rackspace Technology to accelerate enterprise deployment of Palantir’s Foundry platform and Artificial Intelligence Platform.

​Management noted that this strategic collaboration is aimed at faster production of AI-ready use cases, particularly for industries that are highly regulated and need data sovereignty and compliance. The partnership is pertinent for Palantir as Rackspace provides a governed operating model designed for security, controls, and compliance. Moreover, the model also cuts AI deployment time from months to weeks.

Palantir Technologies Inc. (PLTR) Partners With Rackspace Technology

​As part of this partnership, Palantir will work towards data migration, global implementation, hosting, and managed operations. Sameer Kirtane, Head of US Commercial at Palantir Technologies Inc. (NASDAQ:PLTR), noted:

​“Organizations that adopt our AI Operating Systems fundamentally change their unit economics. In the context of migrating complex data environments, Palantir AIP is taking completion timelines from years to days.”

​Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems.

While we acknowledge the potential of PLTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PLTR and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. Follow Insider Monkey on Google News.