"Palantir said on Thursday it had struck a partnership with Lumen Technologies that will see the telecommunications company using the data management company's AI software to build capabilities to support enterprise AI services. The companies are calling the deal "a multi-year, multi-million-dollar strategic partnership," but Bloomberg reports, citing anonymous sources, that Lumen is going to invest more than $200 million in Palantir over several years."
"The agreement will see Lumen pairing Palantir's Foundry and Artificial Intelligence Platform (AIP) with its own edge computing, broadband infrastructure, and other digital services. The partnership comes as Lumen tries to transform itself from a traditional telecom provider into a more modern tech infrastructure play. The company in September said it was "collaborating" with Palantir to integrate the latter's Foundry and AI software and services into its operations, finance, and technology functions, "to transform its network and services with speed.""
"While Lumen would not confirm the deal value, its spokesperson Joe Goode told TechCrunch in an email that the company's use of Palantir's tech was a "material contributor" to achieving $350 million in cost reductions in 2025. He added that what the companies learned during that collaboration informed their decision to take their partnership to the enterprise market. Lumen has committed to reducing expenses by $1 billion by 2027, and it says it's already ahead of plan."
Palantir and Lumen Technologies entered a multi-year, multi-million-dollar strategic partnership that will integrate Palantir's Foundry and Artificial Intelligence Platform (AIP) with Lumen's edge computing, broadband infrastructure, and digital services. Bloomberg reported that Lumen will invest more than $200 million in Palantir over several years. Lumen used Palantir's technology across operations, finance, and technology functions and credited it as a material contributor to $350 million in cost reductions in 2025. Lumen aims to reduce expenses by $1 billion by 2027 and is ahead of plan. Palantir continues expanding AI products and services through commercial and government partnerships.
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