Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher after the company and Microsoft Corporation (NASDAQ:MSFT) announced a partnership for enhanced analytics and AI services to classified networks.
The companies will bring their solutions to the U.S. Defense and Intelligence Community.
"Bringing Palantir and Microsoft capabilities to our national security apparatus is a step change in how we can support the defense and intelligence communities," said Shyam Sankar, Chief Technology Officer, Palantir.
The deal will enable essential national security operations to leverage Microsoft's Large Language Models (LLMs) through the Azure OpenAI (AOAI) Service, integrated with Palantir's AI Platform (AIP) within Microsoft's government and classified cloud environments.
Palantir and Microsoft have a history of working in secure and accredited environments to provide advanced technology for essential U.S. Defense and Intelligence operations.
"This expanded partnership between Microsoft and Palantir will help accelerate the safe, secure, and responsible deployment of advanced AI capabilities for the US government," said Deb Cupp, President of Microsoft Americas.
Through their latest partnership, Palantir will roll out its suite of products—including Foundry, Gotham, Apollo, and AIP—across Microsoft Azure Government, as well as the Azure Government Secret (DoD Impact Level 6) and Top Secret clouds.
Additionally, Palantir will be among the first to utilize Azure's OpenAI Service within Microsoft's Secret and Top Secret environments.
According to Benzinga Pro, PLTR stock has gained over 54% 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).
Yesterday, Palantir inked a pact with Wendy's Company's Quality Supply Chain Co-op (QSCC) to accelerate digital transformation, AI adoption, and operational decision-making across the Co-op.
QSCC is the independent purchasing cooperative for the Wendy's System based in Dublin, Ohio.
Price Action: PLTR shares are trading higher by 1.82% to $26.80 premarket at last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.