News Summary

• Palantir says it has struck a partnership with Lumen Technologies.
• The deal will see Lumen use Palantir’s AI software to build capabilities to support enterprise AI services.
• The companies are calling the deal “a multi-year, multi-million-dollar strategic partnership,” but Bloomberg reports that Lumen is going to spend over $200 million.
• Lumen has committed to reducing expenses by $1 billion by 2027, and it says it's already ahead of plan.