The cooperation agreement between Palantir (PLTR.US) and Lumen (LUMN.US) is worth 200 million dollars.

According to informed sources, the cooperation agreement signed last month between Palantir (PLTR.US) and Lumen Technologies (LUMN.US) is worth $200 million. According to the terms of the agreement, Lumen will pay this total amount of $200 million to Palantir over the course of several years. As of the time of writing, Lumen's stock rose over 2% in pre-market trading on Thursday, while Palantir fell by over 1%. It is reported that Palantir and Lumen announced their partnership in September to introduce Palantir's Foundry and artificial intelligence (AI) platform into Lumen, helping the latter transition from a traditional telecom company to a new generation technology infrastructure company. Palantir's tools will help Lumen streamline operations, optimize decision-making processes, and achieve system modernization. Lumen's Chief Technology and Product Officer Dave Ward stated, "As a cornerstone of the AI economy, Lumen is working to make its operations more intelligent and efficient, just like the network services we provide to our customers. Working with Palantir allows us to leverage AI to accelerate the modernization process and provide the necessary networks and services for customers in the AI era."