Palantir Technologies Inc. (NYSE:PLTR) and Edgescale AI Inc. announced a strategic partnership to deliver Live Edge, a groundbreaking integration of Palantir Edge AI and Edgescale AI’s distributed infrastructure technology.
This collaboration aims to operationalize artificial intelligence (AI) in manufacturing, utilities, and other complex industrial environments.
According to Benzinga Pro, PLTR stock has gained over 129% in the past year. Investors can gain exposure to the stock via REX AI Equity Premium Income ETF (NASDAQ:AIPI) and ProShares Big Data Refiners ETF (NYSE:DAT).
“Live Edge unburdens our customers from complex infrastructure requirements and overhead, accelerating delivery and time to value, and transforming how industries operate,” said Tom O’Brien, Commercial Partnerships Lead at Palantir.
Also Read: Private Sector Job Gains Outpace Forecasts In September As US Adds 143,000 Jobs
By extending Palantir software on VCEs powered by Edgescale, Live Edge enables direct access to hard-to-reach operational data and automates physical processes. This multi-year partnership positions Edgescale AI and Palantir to integrate AI into critical industries for their customers.
Recently, Palantir inked a multi-year, multi-million-dollar extension of an earlier deal with APA Corporation. This deal extension builds on three years of collaboration across oil and gas company APA’s global portfolio and introduces new AI capabilities through Palantir’s Artificial Intelligence Platform (AIP) software.
Recently, Palantir’s new $99.8 million contract expanded Maven Smart System access to all military branches, enhancing interoperability and readiness.
The contract allows military services to leverage existing innovations from the Office of Secretary of Defense and NGA for integration.
Price Action: PLTR shares are trading lower by 0.88% to $36.14 premarket at last check Wednesday.
Photo by Spyro the Dragon on Shutterstock
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This article Palantir Technologies Partners With Edgescale AI To Operationalize AI In Manufacturing And Utilities originally appeared on Benzinga.com
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