Palantir and Oracle Team Up to Offer Joint Cloud and AI Solutions
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Palantir and Oracle announced a partnership to provide cloud and AI solutions to clients, shifting Palantir's Foundry workloads to Oracle Cloud.
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The deal aims to help organizations maximize the value of their data, boost efficiency, and address data sovereignty requirements.
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Palantir's Gotham and AI platforms will be made deployable across Oracle's distributed cloud.
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The partnership will increase Palantir's impact and help its global clients gain full benefits of cloud and AI according to an executive.
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Palantir shares were up 0.6% while Oracle shares were down 0.6% around the time of the announcement.