Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Palantir signs $200 million agreement with telecom company Lumen to deliver AI solutions for businesses

Palantir signs $200 million agreement with telecom company Lumen to deliver AI solutions for businesses

Bitget-RWA2025/10/23 16:33
By:Bitget-RWA

On Thursday, Palantir announced a collaboration with Lumen Technologies, under which the telecom giant will utilize Palantir’s AI solutions to enhance its enterprise AI offerings.

Described by both companies as a “multi-year, multi-million-dollar strategic partnership,” Bloomberg, referencing unnamed insiders, reports that Lumen’s investment in Palantir’s technology will exceed $200 million over several years.

Through this arrangement, Lumen will integrate Palantir’s Foundry and Artificial Intelligence Platform (AIP) with its own edge computing, broadband networks, and other digital solutions.

This partnership is part of Lumen’s broader effort to shift from a conventional telecom company to a modern technology infrastructure provider. Back in September, Lumen revealed it was working with Palantir to embed Foundry and AI tools into its business, financial, and tech operations, aiming to rapidly upgrade its network and services.

Although Lumen declined to confirm the exact value of the deal, spokesperson Joe Goode told TechCrunch via email that leveraging Palantir’s technology played a significant role in helping the company achieve $350 million in cost savings for 2025. He also mentioned that insights gained from their earlier collaboration influenced the decision to expand their partnership to serve enterprise clients. Lumen has set a goal to cut $1 billion in costs by 2027 and reports it is already ahead of schedule.

“Palantir showed that its Foundry and AIP platforms could process Lumen’s data more quickly and affordably than traditional data-lake migrations, and together we’re working on solutions to enable other large organizations to do the same,” Goode explained.

For Palantir, this marks another addition to its extensive list of collaborations with both businesses and government agencies to deliver its AI technologies. Including the Lumen agreement, Palantir has entered into 19 partnerships this year alone, spanning industries such as aviation, healthcare, telecommunications, contract and data management, defense, and more.

“By integrating AI into practical business environments through a unified ecosystem, we’re enabling companies to transform their operations, boost competitiveness, and drive growth,” said Kate Johnson, CEO of Lumen Technologies, in a statement.

Palantir has yet to provide a comment in response to the inquiry.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Apeing’s approach of targeting early adopters is driving the latest major trend in cryptocurrency investments

- Apeing ($APEING) leads 2025 crypto social feeds with a $0.0001 presale entry offering projected 10,000% ROI via limited whitelist access. - Binance Coin ($BNB), Litecoin ($LTC), Avalanche ($AVAX), and Chainlink ($LINK) gain traction for utility-driven infrastructure and transactional roles. - Market shifts toward community-driven assets follow Binance's legal challenges, with Apeing's meme branding and audit transparency attracting early adopters. - Shiba Inu ($SHIB) and FLOKI ($FLOKI) show resilience th

Bitget-RWA2025/11/29 01:50
Apeing’s approach of targeting early adopters is driving the latest major trend in cryptocurrency investments

Kalshi’s Federal Argument Rejected as Court Upholds State Gambling Laws

- Nevada judge rules Kalshi's sports-event contracts as unlicensed gambling under state law, rejecting its federal derivatives defense. - Market reacts with betting firms like DraftKings and Flutter seeing stock gains, while Kalshi seeks emergency appeal to block enforcement. - Ruling strengthens state regulators' stance, potentially influencing cases in New Jersey, Illinois, and Ohio, highlighting federal-state jurisdiction tensions.

Bitget-RWA2025/11/29 01:50
Kalshi’s Federal Argument Rejected as Court Upholds State Gambling Laws

Investors Turn to Apeing's Organized Approach as Interest in BONK and FLOKI Declines

- Apeing ($APEING) gains traction as a 100x meme coin with a $0.0001 presale price and $0.001 listing target, contrasting with waning momentum in BONK and FLOKI. - The project's whitelist model and controlled supply tiers aim to stabilize speculative dynamics, drawing comparisons to Bitcoin's early adoption curve. - Upbit's $36M hack triggered Korean altcoin volatility, amplifying microcap token interest while GeeFi (GEE) raises $350K in its 80% complete presale. - Bitcoin options show $2B in $80,000 put p

Bitget-RWA2025/11/29 01:50
Investors Turn to Apeing's Organized Approach as Interest in BONK and FLOKI Declines

Solana News Update: XRP Surpasses Solana in ETF Competition While Fee Wars Reshape Financial Contests

- XRP ETFs outpace Solana in inflows due to aggressive fee wars and institutional strategies, accumulating $587M in under 10 days. - Solana proposes doubling disinflation rate to 30% to curb supply-side pressures, but success depends on broader DAT adoption. - Market fragmentation sees yield-driven XRP and staking-focused Solana competing for institutional capital amid ETF redemptions in Bitcoin/Ethereum. - Structural risks like MSCI's treasury reclassifications could trigger $8.8B passive outflows, reshap

Bitget-RWA2025/11/29 01:50
Solana News Update: XRP Surpasses Solana in ETF Competition While Fee Wars Reshape Financial Contests