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Investing.com -- Lumen Technologies Inc (NYSE:LUMN) stock rose 3.7% in premarket trading Thursday after announcing a multi-year, multi-million-dollar strategic partnership with Palantir Technologies Inc (NYSE:PLTR) to help enterprises deploy AI faster and more securely.
The partnership aims to combine Palantir’s Foundry and Artificial Intelligence Platform with Lumen’s Connectivity Fabric to bridge the gap between advanced intelligence and high-performance network infrastructure. This collaboration is expected to enable businesses across various industries to implement AI solutions more efficiently in complex, multi-cloud environments.
"Palantir frees data, while Lumen moves it. Together, we’re uniquely positioned to enable enterprises to unlock their AI ambitions with unprecedented scale and speed," said Kate Johnson, CEO of Lumen Technologies.
The joint offering will allow organizations to move and manage data securely across multi-cloud and hybrid environments, enhance AI applications with reduced latency and cost, and deliver business transformation with built-in AI intelligence.
This partnership is part of Lumen’s connected ecosystem strategy that integrates its physical network and digital platforms with fast-growing technology companies. The two companies have already begun working together, with Lumen adopting Palantir’s Foundry and AIP to streamline its own operations and accelerate modernization efforts.
Palantir CEO Alex Karp noted, "American companies need to unlock immediate value from AI. We are proud to work with Lumen to enable the infrastructure and intelligence layers for our customers to become AI winners."
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